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
Realtor
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search MLS listings for free at: www.hobokenjerseycity.com
Has the market stabilized?
Get up-to-the-minute market reports:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com
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