Friday, July 9, 2010

Moderate Losses for Pending Sales This Week-July 9, 2010

Pending sales for both Hoboken and Downtown Jersey City experienced moderate decreases this week as the effects of the tax credit have dissipated. Overall, I think that the markets are fairly healthy around here.

I have a few buyers still deciding whether or not now is the right time to buy. Personally, I don't think that prices overall will continue to decline. There may be a few buildings here and there that will drop in price. Overall, the market is doing well around here.

Pending Sales for Hoboken July 9, 2010
164 dabos vs. 167 last week (1.8% decrease)

Pending Sales for downtown Jersey City July 9, 2010:

112 dabos vs. 114 last week (1.8% decrease)

Information provided by:

Kevin Dowd
Broker Associate
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957

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