🏙️ HOBOKEN DAILY MARKET UPDATE - July 5, 2025
Your daily pulse on Hoboken's real estate market
📊 TODAY'S MARKET ACTIVITY
Welcome to your daily Hoboken real estate market update. Today brings positive news with a successful closing in the one-bedroom condominium segment, demonstrating continued buyer activity across all price points in Hoboken's market.
🆕 NEW LISTINGS (ACTIVE)
Fresh inventory hitting the market
No new listings entered the active market today.
The continued lack of new inventory reinforces the tight supply conditions we've been tracking. This scarcity continues to support strong pricing and quick absorption rates across the market.
🤝 ACCEPTED OFFERS (ATTORNEY REVIEW IN PROGRESS)
Properties that went under contract today
No new accepted offers recorded today.
While contract activity was quiet today, this follows recent strong activity we've observed in the market, suggesting buyers may be evaluating current inventory before making moves.
📋 UNDER CONTRACT
Properties in the contract-to-closing pipeline
No new properties moved to under contract status today.
The current pipeline from previous days continues to progress toward closing, indicating healthy transaction flow in the coming weeks.
💰 CLOSED SALES
Completed transactions
One successful closing recorded today:
801 Willow Avenue, Unit 3F - $725,000
- 1 bedroom, 817 sq ft ($887.39/sq ft)
- 26 days on market - Solid absorption time for one-bedroom segment
- Original asking price: $750,000 (sold at 96.7% of ask)
- Contract date: May 19, 2025
- Closing date: July 1, 2025
- Monthly maintenance: $480
- Annual taxes: $6,019
This Willow Avenue sale demonstrates the continued strength in Hoboken's one-bedroom market, with the property achieving a near-asking price sale after reasonable market time.
📈 MARKET ANALYSIS
Price Per Square Foot Performance: $887.39
- One-bedroom segment showing strong pricing power
- Slight discount from asking ($25,000 reduction) reflects normal negotiation
Absorption Analysis:
- 26 days on market indicates healthy but measured buyer interest
- Near-asking price achievement (96.7%) shows strong seller position
Market Velocity: Today's closing represents the completion of a transaction that began in May, showing the typical 45-60 day contract-to-closing timeline remains consistent.
Value Proposition: At $887/sq ft with $480 monthly maintenance, this represents competitive pricing in Hoboken's one-bedroom segment.
🎯 KEY TAKEAWAYS
For Buyers:
- One-bedroom units under $750K continue to find strong buyer interest
- Reasonable negotiation room exists even in competitive segments
- Market timing remains favorable for properly priced properties
For Sellers:
- Realistic pricing crucial - this property achieved sale after modest reduction
- One-bedroom segment showing consistent demand
- 26-day absorption time represents healthy market pace
Market Outlook: Today's closing reinforces the stability of Hoboken's condominium market across price segments. The ability to achieve near-asking price sales with reasonable market time indicates balanced conditions between buyers and sellers.
📅 TOMORROW'S FOCUS
We'll be monitoring for new listing activity and any additional contract signings. The successful closing today sets a positive tone for continued market activity as we progress through the summer selling season.
This daily update is based on MLS data and market activity as of July 7, 2025. Market conditions and property status can change rapidly. For the most current information on specific properties or market conditions, please consult with a qualified real estate professional.
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