June Market Overview

We are finally into the thick of the season. Once the 4th of July passes, we really get into the lazy hazy days of summer. How is the Hoboken condo market looking for July?  Let’s see what the June statistics from Trulia.com have to say…

Average Listing Prices for Hudson County

The average listing price in Hoboken as of the last week of June was $564,378 which represents a 0% change in listing price. The median sales price is $480K which shows a staggering decline of just over 40% and is based on the sale of 80 homes. These 80 home sales in June represent a gigantic 233% increase from the first quarter of 2011. The average price per square foot has showed a healthy increase of just under 15% from the same time period last year, and now lies at $517/square foot. Hoboken currently has 563 new and resale homes on the market.

How did Hoboken’s June stats compare to its neighboring cities?

City Median Sales Price Average Listing Price
Weehawken $535,000 $669,783
Hoboken $480,000 $564,379
Union City $250,000 $264,534
Jersey City $218,500 $343,499
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