Stats you can use while shopping for your new Hoboken condo.

Hoboken Condo Market Snapshot for 9/23/2011

Total Condos For Sale:  337
Average asking price: $523,566
Median asking price: $465,000
Avg days on market: 79

0-1 bed : 133 condos
Average asking price: $380,910
Median asking price: $325,000
Avg price per sqft: $524.54
Avg days on market: 89

2 bed:  170
Avg: $585,344
Median: $519,400
Avg price per sqft: $481.22
Avg days on market: 69

3 bed: 29
Avg: $710,113
Median: $628,500
Avg price per sqft: $449.46
Avg days on market: 95

Total Condos Under Contract:  107      Average days on market: 92    Avg asking price per sqft: $466.08

Total Under Contract Last 30 days: 34

30-Day Absorption Rate: 9.91 months (34 units under contract last 30 days divided into 337 total units)

6 months or higher – Buyers Market

3-6 months – Balanced Market

3 months or under – Sellers Market

You can buy, sell, rent or invest with confidence having real-time “hyper local” information to use in making the best decision for you and your family. Let me know how I can help you achieve your goals!

About Eddie: Eddie Perez is a resident of Hoboken and works as a New Jersey licensed Broker - REALTOR . His goal is to educate both buyers and sellers so that they can make the most of their bottom line while saving time and having fun during the process of buying or selling condominiums and brownstones in Hoboken and the surrounding metro communities including Jersey City and Weehawken, New Jersey. He has personally sold over 135 homes and is among the top producing agents in Hudson County.You can email questions to eddie@InvestHoboken.com. To schedule an appointment to meet with Eddie, call him direct at 201.344.2886.