This is the Hudson County MLS (Hudson County Multiple Listing Service) list of Hoboken apartments sold in May including both condominiums and coops however it does not cover Hoboken apartments sold by owner or those sold by developers and not reported to MLS. WOW, May was truly a blockbuster month for Hoboken. There were 78 Hoboken apartment sold in May the strongest month in quite a few years not only that but price performance was also spectacular. And apartments sold at or above the offer price least you think that they were all priced significantly below the average per square foot price for a month note that all of those 10 four of them were sold above the average price per square foot for the month. This mean what? Well I’m not sure, I’m not sure if this means that there is a bottom place or maybe prices are reflecting the public’s hope for near future however I’m sure that I rather have this than the opposite. By that I mean weak activity and everything in sight selling lower than the offer price. Here is another tidbit of data that should give us a minimum of direction, the average this count the offer price for the month was just 2.7%! That just about half the discount of what we’ve seen in quite some time and maybe even a couple years or so.
The highest price of all the Hoboken apartments sold in May was at 609 Observer Hwy. the Vesta lofts unit 504. I’ve shown this unit a couple times and it really is what they Hoboken Penthouse should be. It is a spectacular 2300 ft.² duplex with the kind of quality construction and not easily found in new buildings. It has a terrace of the living room, lots of windows lots of sunlight, as you you would expect from a south facing apartment and a parking spot. The penthouse offers three bedrooms and three baths and wide open floor plan on the living room floor as well as one parking spot. It so that $880,000 just $19,900 below its offer price which would make it about 2.2% discount to the offer price, and about 14.7% lower than the average price per square foot for the month of May.
Second place for the month belongs to another duplex this one in 815 Washington and invest how familiar it should that is the Josephine and is the row-house that anchors the northernmost end of the most often for graphs row-houses in Hoboken. I like it so much it actually graces that theme my YouTube channel. the entire building has undergone the full renovation in this apartment is a three-bedroom three baths duplex and it’s actually designated as unit one. The selling price of $825,000 is about $74,000 lower than the asking price, in 8.2% discount , and in is .05% higher than the average price per square foot for Hoboken apartments sold in May.
The second highest price per square foot pay for an apartment in Hoboken in May belongs to a 705 ft.² apartment at 1200 Grand St. Selling price for a unit was $398,000 a tiny 1.7% discount to its $405,000 asking price which broadly unit two 564 1/2 dollars a square foot. At that price the home sold it just over 24% above the average price per square foot for the month. Finally the highest price paid per square foot for an apartment in Hoboken during May is for a fully renovated with stainless steel appliances and granite counter-top gleaming hardwood floors and cherry cabinets studio majoring in at 345 ft.² This home sold Fort $220,000 in $19,000 discount to its offer price bringing it to just under $638 a square foot and a 40% premium to the average price per square foot. To receive details for any of the properties listed or any other property in Jersey’s Gold Coast and else like you are it iswhere in the Garden State please fill out the form at the bottom of this page.
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Note, All data is derived from sources believed to be reliable but there is no guarantee as to accuracy. All numbers and measurements are approximate.
Average price for Hoboken apartments sold in May $491K
Average discount to offer price for Hoboken apartments sold in May 2.7%
Average price per Square foot for Hoboken apartments sold in May $454.5
Average Days on market for Hoboken apartments sold in May 78
Hoboken Apartments sold in May
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