2010 Hoboken Sales – Condos and Coops

Garden State Realty Group

2010 HOBOKEN CONDO & COOP SALES

QUARTERLY SALES FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
  (1/1 – 3/31) (4/1 – 6/30) (7/1 – 9/30) (10/1 – 12/31)
Properties Closed 141 282 165 153
Average Asking Price $548,909 $515,278 $521,718 $494,155
Average Sold Price $520,063 $496,427 $497,090 $475,386
% Asking -VS- Selling -5.3% -3.7% -4.7% -3.8%
Average Days on Market 90 74 82 84
QUARTERLY INVENTORY FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
  (1/1 – 3/31) (4/1 – 6/30) (7/1 – 9/30) (10/1 – 12/31)
Available Homes 560 504 500 289
Average Asking Price $523,342 $526,936 $532,982 $544,566
Average Days on Market 86 90 98 107
Studios 21 16 13 10
1 Bedroom 210 184 169 99
2 Bedroom 278 247 268 151
3-4 Bedroom 51 57 50 29
Year To Date Closed 141 422 573 726
Monthly Average Closed 47 70 64 61
Months of Inventory 11.9 7.2 7.9 4.8

2010 Hoboken Monthly Sales Chart by Virginia Varela

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