Hoboken Real Estate Market Update May 2010

Southgate Condos HobokenBelow is the Hoboken real estate market update for condominium sales for May 2010. All information is gathered from the Hudson County Multiple Listing Service.

Active Hoboken Condos

  • There are 523 Active Hoboken condos for sale with an average listing price of $520,492. Average days on the market: 86 Days

Since May 1st, 177 new Hoboken condos came on the market for sale with an average listing price of $518,001.

  • Active Hoboken Studio Condos: 18 condos for sale with an average listing price of $368,360. 167 days on the market.
  • Active Hoboken 1 Bedroom Condos: 181 condos for sale with an average listing price of $382,676. 84 days on the market.
  • Active Hoboken 2 Bedroom Condos: 268 condos for sale with an average listing price of $569,748. 80 days on the market.
  • Active Hoboken 3+ Bedroom Condos: 56 condos for sale with an average listing price of $778,662. 97 days on the market.

Pending Hoboken Condos

  • There are 198 Hoboken condos under contract waiting to close with an average listing price of $511,789.  Average days on the market: 76 Days. Final sales prices of these units will not be published until they close.
  • Pending Hoboken Studio Condos: 7 condos under contract with an average listing price of $278,971. 203 days on the market.
  • Pending Hoboken 1 Bedroom Condos: 61 condos under contract an average listing price of $352,379. 63 days on the market.
  • Pending Hoboken 2 Bedroom Condos: 104 condos under contract with an average listing price of $529,926. 80 days on the market.
  • Pending Hoboken 3+ Bedroom Condos: 26 condos under contract with an average listing price of $875,922. 55 days on the market.

Sold Hoboken Condos 5/1/10 to 5/31/10

  • 72 Hoboken condos sold between 5/1/10 & 5/31/10 with average listing price of $504,008. The average sales price of these sold Hoboken condos were $482,786. Average days on the market: 74 Days
  • Sold Hoboken Studio Condos: 1 Studio sold in May. It was located at 1021 Grand St. Listing price: $229,000. Sales price: $210,000. 58 days on the market.
  • Sold Hoboken 1 Bedroom Condos: 27 condos sold with an average listing price of $359,299 and an averages sales price of $344,634. 70 days on the market.
  • Sold Hoboken 2 Bedroom Condos: 39 condos sold with an average listing price of $529,012 and an average sales price of $511,551. 75 days on the market.
  • Sold Hoboken 3+ Bedroom Condos: 5 condos sold with an average listing price of $1,145,000 and an average sales price of $1,059,000. 93 days on the market.

Expired Hoboken Condos

  • These are Hoboken condos which were on the market for sale and did not sell during the term of the listing agreement.  31 Hoboken condos came off of the market in the past 30 days with an average listing price of $499,938. Days on the market: 126 Days

Hoboken Waterfront Condo Update

****The above data may not reflect all of the units that may be available or that have sold in these Hoboken waterfront buildings. Toll Brothers which represents Harborside Lofts, the Hudson Tea Building, and Maxwell Place does not place all of their condos in the Hudson County MLS for sale and does not report all of their sales through the MLS either.  Neither does the Applied Companies, the developer of the W Hotel in Hoboken.

To see how this month’s Hoboken real estate update compares to last month’s, visit the April 2010 Hoboken real estate market update.

If you have any questions about this market update, please feel free to contact me, Walter Burns or leave a comment.

Recent Posts:

2 thoughts on “Hoboken Real Estate Market Update May 2010

Leave a Reply

Your email address will not be published. Required fields are marked *