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Here are the numbers Hoboken: Q3 2007 vs. Q3 2008.

Number of condos sold down 16%

Days on Market up 29%

Average Sale Price up 2.6%

What does it all mean? Just what I’ve been saying. Price it right and they will come…. And pay more. Price it wrong and shrivel on the vine.

Hoboken Condos Q3 2007 vs 2008

Number Sold 256 vs 221
Median Days on Market 38 vs 49

Avg Sale Price $509k vs $522k

Information deemed reliable but not guaranteed

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