second quarter 2019 market report i hoboken/downtown...
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Second Quarter 2019 Market Report I Hoboken/Downtown Jersey City
HobokenALL APARTMENTS
The average sale price of Hoboken apartments reached $870,000, an increase of 3% over prior year. However, the median sale price decreased ending at $732,000 or 5% lower than prior year.
There was a gain of 3% on the number of closed sales with 246 closings versus 239 during the same period last year. Apartments spent an average of 36 days on market with sellers gaining an average of 98% of asking prices.
98.0%
2Q19
105%
100%
95%
90%
98.0%
3Q18
300
250
200
150
100
0
50
246
2Q19
250
3Q18
40 Days
30 Days
10 Days
0 Days
29
3Q18
36
2Q19
$800,000
$700,000
$650,000
$600,000
$850,000
$900,000
$750,000
AVERAGE AND MEDIAN SALES PRICE NUMBER OF SALES
TIME ON THE MARKET ASKING VS. SELLING PRICE
Average Sales Price Median Sales Price
2Q19
$870,000$732,000
3Q18
$833,000 $703,000
20 Days
Halstead 2
2Q18
$848,000 $770,000 239
2Q18
32
2Q18
100.0%
2Q18
4Q18
$918,400 $725,000
1Q19
$859,150 $749,000 183
4Q18
139
1Q19
98.0%
4Q18
98.0%
1Q19
37
4Q18
43
1Q19
HobokenTOWNHOUSES (1–4 UNITS)
The average sale price of Hoboken townhouses was $1,938,000, an increase of 6% over the same period the prior year. The median sale price displayed a considerable increase of 17%, reaching $1,900,000 as compared to just $1,630,000 prior year.
There were just 15 closed sales this term. Dwellings spent an average of 34 days on the market and sellers received approximately 97% of asking price, same as prior year period.
105%
100%
95%
90%
97.0%
2Q19
96.0%
3Q18
30
20
15
10
0
5
15
2Q19
18
3Q18
60 Days
50 Days
30 Days
20 Days
$1,800,000
$1,600,000
$1,400,000
$2,000,000
$2,200,000
AVERAGE AND MEDIAN SALES PRICE NUMBER OF SALES
TIME ON THE MARKET ASKING VS. SELLING PRICE
Average Sales Price Median Sales Price
$1,754,000 $1,763,000
3Q18
$1,938,000$1,900,000
2Q19
40 Days
25
34
2Q19
45
3Q18
Halstead 3
$1,835,000 $1,630,000
2Q18
18
2Q18
44
2Q18
97.0%
2Q18
$2,205,500 $2,020,000
1Q19
$1,754,800 $1,675,000
4Q18
17
4Q18
8
1Q19
97.5%
4Q18
104.0%
1Q19
42
4Q18
50
1Q19
$807,000 $753,000
3Q18
Downtown Jersey CityALL APARTMENTS
The average sale price of apartments in Downtown Jersey City showed a moderate 4% increase ending at $760,000. The median price also increased modestly, rising 2% to $690,000. The number of closed sales decreased 4% to 137 closed transactions comparing with the 143 closed sales from the same time last year. Sellers received 98% of their asking price with an average of 50 days on market.
98.0%
2Q19
100%
95%
90%
85%
99.0%
2Q18
98.0%
3Q18
180
160
140
120
100
40
80
137
2Q19
146
3Q18
40
3Q18
50
2Q19
$800,000
$700,000
$650,000
$600,000
$550,000
$850,000
$750,000
AVERAGE AND MEDIAN SALES PRICE NUMBER OF SALES
TIME ON THE MARKET ASKING VS. SELLING PRICE
Average Sales Price Median Sales Price
$760,000$690,000
2Q19
Halstead 4
$734,000 $677,000
2Q18
143
2Q18
34
2Q18
$785,900 $725,000
4Q18
$774,400 $687,500
1Q19
133
4Q18
114
1Q19
98.0%
4Q18
98.0%
1Q19
49
4Q18
49
1Q19
50 Days
30 Days
20 Days
10 Days
40 Days
Downtown Jersey CityTOWNHOUSES (1–4 UNITS)
The average sale price of Downtown Jersey City townhouses decreased 29% ending at $1,132,000. This was due to far fewer sales over $1.5mil as compared with prior year. The median sale price had similar performance and decreased 26% ending at $1,075,000.
There were 21 closed sales this period compared to only 15 transactions during same period last year. Properties had an average of 51 days on market with sellers receiving 97% of their asking price.
96.0%
3Q18
100%
95%
90%
85%
97.0%
2Q19
30
20
15
10
0
5
21
2Q19
23
3Q18
60 Days
50 Days
30 Days
20 Days
$1,500,000
$1,400,000
$1,300,000
$1,200,000
$1,000,000
$1,100,000
$1,600,000
AVERAGE AND MEDIAN SALES PRICE NUMBER OF SALES
TIME ON THE MARKET ASKING VS. SELLING PRICE
Average Sales Price Median Sales Price
$1,132,000 $1,075,000
2Q19
$1,439,000 $1,402,000
3Q18
40 Days
25
Halstead 5
$1,589,000 $1,450,000
2Q18
15
2Q18
98.0%
2Q18
$1,265,000 $1,298,000
4Q18
$1,461,000 $1,380,500
1Q19
23
4Q18
16
1Q19
97.0%
4Q18
94.0%
1Q19
33
3Q18
51
2Q19
38
2Q18
40
4Q18
41
1Q19
Halstead New Jersey, LLC.
Data is sourced from
Liberty/Hudson County MLS.
©2019 by Halstead New Jersey, LLC. All Rights Reserved. This information may
not be copied, commercially used or distributed without Halstead New Jersey’s
prior consent. While information is believed true, no guaranty is made
of accuracy.
Cover Property Web# 19637270
Visit halstead.com for access to all of our reports, listings, neighborhood information and more.
OFFICES
MANHATTANPARK AVENUE499 Park AvenueNew York, NY 10022212.734.0010
EAST SIDE770 Lexington AvenueNew York, NY 10065212.317.7800
WEST SIDE408 Columbus AvenueNew York, NY 10024212.769.3000
VILLAGE831 BroadwayNew York, NY 10003212.381.6500
SOHO451 West BroadwayNew York, NY 10012212.381.4200
HARLEM2169 Frederick Douglass BoulevardNew York, NY 10026212.381.2570
WASHINGTON HEIGHTS819 West 187th StreetNew York, NY 10033212.381.2452
BRONXRIVERDALE JOHNSON3531 Johnson AvenueRiverdale, NY 10463718.878.1700
BROOKLYNBROOKLYN HEIGHTS122 Montague StreetBrooklyn, NY 11201718.613.2000
PARK SLOPE160 7th AvenueBrooklyn, NY 11215718.878.1960
COBBLE HILL162 Court StreetBrooklyn, NY 11201718.613.2020
BEDFORD STUYVESANT1191 Bedford AvenueBrooklyn, NY 11216N/A
SOUTH SLOPE1214 8th AvenueBrooklyn, NY 11215718.878.1888
FORT GREENE725 Fulton StreetBrooklyn, NY 1127718.613.2800
BAY RIDGE8324 4th AvenueBrooklyn, NY 11209718.878.1880
QUEENSLONG ISLAND CITY47-12 Vernon BoulevardQueens, NY 1110718.878.1800
FOREST HILLS108-23 Ascan AvenueForest Hills, NY 11375718-520-0303
HUDSON VALLEYHUDSON526 Warren StreetHudson, NY 12534518.828.0181
CONNECTICUTDARIEN671 Boston Post RoadDarien, CT 06820203.655.1418
NEW CANAAN - ELM STREET183 Elm StreetNew Canaan, CT 06840203.966.7800
NEW CANAAN - SOUTH AVENUE6 South AvenueNew Canaan, CT 06840203,966.7772
ROWAYTON140 Rowayton AvenueRowayton, CT 06853203.655.1418
GREENWICH125 Mason StreetGreenwich, CT 06830203.869.8100
STAMFORD1099 High Ridge RoadStamford, CT 06905203.329.8801
WESTPORT379 Post Road EastWestport, CT 06880203.221.0666
WILTON21 River RoadWilton, CT 06897203.762.8118
NEW JERSEYHOBOKEN200 Washington StreetHoboken, NJ 07030201.478.6700
MONTCLAIR635 Valley Road, Montclair, NJ 07030973.744.6033
HAMPTONSEAST HAMPTON2 Newtown LaneEast Hampton, NY 11937 631.324.6100
SOUTHAMPTON31 Main StreetSouthampton, NY 11968631.283.2883
CORPORATECOMMERCIAL SALES770 Lexington AvenueNew York, NY 10065212.381.3208
DEVELOPMENT MARKETING445 Park AvenueNew York, NY 10022212.521.5703
GLOBAL SERVICES770 Lexington AvenueNew York, NY 10065212. 381.6521
MANAGEMENT COMPANY770 Lexington Avenue, 7th floorNew York, NY, 10065212.508.7272
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