Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and downtown Jersey City
My name is Kevin Dowd and welcome to my real estate blog. This blog is meant to educate local buyers and sellers in Hoboken, downtown Jersey City and the surrounding areas by providing up-to-date real estate sales statistics. Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.
Friday, March 12, 2010
Hoboken/Downtown Jersey City Pending Sales Update - March 12, 2010
This week both Hoboken and downtown Jersey City experienced 8.8% increases in pending sales (sales under contract). This is a great indicator that the market is continuing to gain steam.
I was actually involved in a bidding war last week on a property in Hoboken and that hasn't happened in awhile. My buyers went $20,000 OVER asking and they LOST.
Pending Sales for Hoboken March 12, 2010:
173 dabos vs. 159 last week (8.8% increase)
Pending Sales for downtown Jersey City March 12, 2010:
99 dabos vs. 91 last week (8.8% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Search MLS listings for free at: www.hobokenjerseycity.com
Has the market stabilized?
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