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:

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