2016
HOBOKEN & DOWNTOWN JERSEY CITY
MARKET REPORT APRIL
H O B O K E N
AVERAGE and MEDIAN SALES PRICE HOBOKEN $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $-
AVERAGE
MEDIAN
STUDIO
AVERAGE
MEDIAN
1 BEDROOM
AVERAGE
MEDIAN
2 BEDROOM
AVERAGE
MEDIAN
3 BEDROOM
APR15
$404,950
$403,000
$473,990
$445,000
$708,501
$630,000
$1,881,333
$1,065,000
MAR16
$526,749
$567,500
$589,805
$538,000
$697,621
$700,000
$875,750
$729,000
APR16
$440,000
$440,000
$526,143
$480,000
$796,261
$750,000
$1,329,722
$960,000
APR15
MAR16
APR16
The average price for an apartment in Hoboken reached $787,878 a 13.04% increase from April 2015. The median price rose to $680,000, 14.71% higher than a year ago.However, there were 71 closings in April, a decrease of 28% from last year. The average price for an apartment in April was 10.59% higher than the last month. There were 71 closings in April compared to 64 closings last month. The average price per sqft reached $728, a 5% increase from last year.
ASKING Vs SELLING PRICE HOBOKEN
PRICE PER SQ.FT HOBOKEN
102.00%
1200 1000 800 600 400 200 0
101.00% 100.00% 99.00% 98.00% 97.00% 96.00%
STUDIO
1BEDROOM
2BEDROOM
3BEDROOM
APR15
1102
683
617
690
725
725
615
545
707
692
817
STUDIO
1BEDROOM
2BEDROOM
3BEDROOM
99.52%
100.60%
101.23%
99.82%
MAR16
MAR16
98.25%
100.12%
100.36%
98.45%
APR16
100.00%
100.47%
99.60%
101.52%
APR16
APR15
APR15
MAR16
APR15
APR16
NUMBER OF SALES HOBOKEN 40 30 20 10 STUDIO
1BEDROOM
2BEDROOM
3BEDROOM
APR15
24
31
45
11
MAR16
4
21
33
APR16
1
21
34
APR15
MAR16
APR16
AVERAGE TIME ON THE MARKET (days) HOBOKEN
50
0
MAR16
APR16
70 60 50 40 30 20 10 0
STUDIO
1BEDROOM
2BEDROOM
3BEDROOM
APR15
10
31
23
34
4
MAR16
41
28
27
65
9
APR16
5
23
29
35
APR15
MAR16
APR16
J E R S E Y
AVERAGE and MEDIAN SALE PRICE JC- DOWNTOWN $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000
C I T Y
$200,000 $-
STUDIO
1 BEDROOM
APR15
2 BEDROOM
3 BEDROOM
$488,850
$493,450
$786,898
$750,000
MAR16
$420,000
$420,000
$575,781
$562,500
$775,504
$709,000
APR16
$320,000
$276,000
$607,256
$592,000
$833,921
$875,000
MAR16
APR16
APR15
$982,400
$950,000
$1,236,3
$999,000
The average price for an apartment in Jersey City reached $734,210 a 6.41% increase from April 2015. The median price rose to $719,210 which is 11% higher than a year ago.However, there were 42 closings in April, a decrease of 28% from last year. The average price for an apartment in April was 5.72% higher than the last month. There were 42 closings in April compared to 46 closings last month. The average price per sqft reached $791, a 13.5% increase from last year.
ASKING Vs SELLING PRICE JC - DOWNTOWN 120.00% 100.00% 80.00% 60.00% 40.00% 20.00% 0.00%
AVERAGE PRICE PER SQ.FT JC - DOWNTOWN 1000 800 600 400 200
STUDIO
APR15
0
1BEDROOM
2BEDROOM
3BEDROOM
99.13%
99.25%
98.26%
APR15
STUDIO
1BEDROOM
2BEDROOM
3BEDROOM
674
655
724
MAR16
97.67%
99.94%
99.11%
0.00%
MAR16
807
731
731
APR16
97.18%
98.90%
99.08%
99.62%
APR16
811
775
708
APR15
MAR16
APR16
APR15
APR16
AVERAGE TIME ON THE MARKET JC - DOWNTOWN
NUMBER OF SALES JC - DOWNTOWN 30 25 20 15 10 5 0
MAR16
869
50 40 30 20 10 STUDIO
0
1BEDROOM
2BEDROOM
3BEDROOM
24
27
7
APR15
APR15
STUDIO
1BEDROOM
2BEDROOM
3BEDROOM
47
16
31
MAR16
1
21
23
0
MAR16
19
31
36
0
APR16
3
17
19
3
APR16
16
32
29
10
APR15
MAR16
APR16
APR15
MAR16
APR16
CHRISTOPHER OZAR Sales Associate O: 201.222.8068 C: 732.720.4676 chris@ozargroup.com 1 Marine View Plaza Hoboken, NJ 07030 OZARGROUP.COM LibertyRealty.com
Prepared by Haarika K, Vice President Creative Horizons LLC Data is sourced from the Hudson County MLS. Š2016 by Ozar Group at Liberty Realty LLC. All Rights Reserved. This information may not be copied, commercially used or distributed without Ozar Group or Creative Horizons prior consent. While information is believed true, no guaranty is made of accuracy.