Thursday, November 19, 2009

Hoboken Price Changes, 2009 vs. 2008

A lot of my readers have been asking how much real estate prices have changed in Hoboken over the past year. I've compiled a chart of a few of the larger buildings in Hoboken to give you an idea of how things have changed over the last 12 months.

Please click on the link below if you can't read this chart.

Overall, 12.06% isn't bad at all. There are a lot of other areas in the country that are down double, even triple where we are. The 19.9% decline at Maxwell Place isn't surprising because I thought they were a little overpriced when they first came on the market. The price drop of 6.6% for 1300 Grand also isn't surprising due to the high desirability of The Upper Grand Complex. The combination of the 9 ft ceilings, cement construction and nice finishes make these a good buy.

Information compiled by:

Kevin Dowd
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ
Cell: 201-606-5957
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