Friday, October 29, 2010

Hoboken Sales Update-October 29, 2010

We had just 2 one bedroom sales this week. A 705 Sq. Ft. 1BR/1BA at The Upper Grand sold for $566 sq. ft. which is high for a bedroom. The market always responds favorably to units in this complex-nice layouts with high ceilings definitely help.

There were 9 two bedroom sales this week with an average sale price of $431/sq.ft. which is good. There was a unit at 551 Observer that sold for $344/sq.ft. Prices have tumbled in this building due to the extremely high maintenance fees.

There were 2 three bedroom sales this week. The listing at 502 Observer Hwy sold for $241/sq.ft., but the unit was 3625 sq. ft.

Please click on the link below if you can't see the chart:

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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