Walter Burns
Below is the Hoboken real estate market update for condominium sales for August 2010. All information is gathered from the Hudson County Multiple Listing Service.
Active Hoboken Condos
- There are 490 Active Hoboken condos for sale with an average listing price of $533,737. Average days on the market: 100 Days
Since August 1st, 174 new Hoboken condos came on the market for sale with an average listing price of $531,991.
- Active Hoboken Studio Condos: 14 condos for sale with an average listing price of $330,992. 151 days on the market.
- Active Hoboken 1 Bedroom Condos: 166 condos for sale with an average listing price of $372,500. 92 days on the market.
- Active Hoboken 2 Bedroom Condos: 257 condos for sale with an average listing price of $594,344. 98 days on the market.
- Active Hoboken 3+ Bedroom Condos: 53 condos for sale with an average listing price of $798,411. 119 days on the market.
Pending Hoboken Condos
- There are 120 Hoboken condos under contract waiting to close with an average listing price of $453,075. Average days on the market: 89 Days. Final sales prices of these units will not be published until they close.
- Pending Hoboken Studio Condos: 6 condos under contract with an average listing price of $264,666. 169 days on the market.
- Pending Hoboken 1 Bedroom Condos: 42 condos under contract an average listing price of $355,322. 87 days on the market.
- Pending Hoboken 2 Bedroom Condos: 58 condos under contract with an average listing price of $488,733. 70 days on the market.
- Pending Hoboken 3+ Bedroom Condos: 11 condos under contract with an average listing price of $764,669. 110 days on the market.
Sold Hoboken Condos 8/1/10 to 8/31/10
- 55 Hoboken condos sold between 8/1/10 & 8/31/10 with average listing price of $490,306. The average sales price of these sold Hoboken condos were $467,487. Average days on the market: 90 Days
- Sold Hoboken Studio Condos: 1 Studio sold. It was located at 100 Clinton St. It listed for $219,00o and sold for $200,000. 114 days on the market.
- Sold Hoboken 1 Bedroom Condos: 14 condos sold with an average listing price of $374,957 and an averages sales price of $358,428. 73 days on the market.
- Sold Hoboken 2 Bedroom Condos: 34 condos sold with an average listing price of $517,114 and an average sales price of $494,070 102 days on the market.
- Sold Hoboken 3+ Bedroom Condos: 6 condos sold with an average listing price of $652,758 and an average sales price of $615,900. 61 days on the market.
Hoboken Waterfront Condo Update
All sold units occurred between 8/1/10 – 8/31/10
- Harborside Lofts: 7 Active condos, 3 units under contract, 0 units sold.
- Hudson Tea Building: 22 Active condos, 2 units under contract, 0 units sold.
- 2 Constitution Court: 4 Active condos, 1 units under contract, 0 units sold.
- Maxwell Place: 25 Active condos, 5 units under contract, 2 units sold.
- The W Hotel & Residences: 4 Active condos, 0 units under contract, 0 units sold.
****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 July 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.
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