Friday, August 20, 2010

Hoboken Flat....Downtown Jersey City is Down-Pending Sales Update-August 20, 2010

There was no change in pending sales for Hoboken this week. Downtown Jersey City is down by 3.8% We're quite a bit off our highs right now. Was the peak the result of the tax incentive or have buyer's perspectives changed on the current market conditions?

Pending Sales for Hoboken August 20, 2010:

159 dabos vs. 159 last week (no change)

Pending Sales for downtown Jersey City August 20, 2010:

100 dabos vs. 104 last week (3.8% decrease)

Information provided by:

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

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