Friday, November 19, 2010

Hoboken Sales Update-November 19, 2010

We just had one 1BR condo sale this week for $463/sq.ft. at 1015 Grand. Looks like it's a nice unit. I like the buildings over on 10th and Grand because there isn't a lot of traffic on the street and it's one of the few streets that still has the original cobblestones.

We had seven 2BR condo sales this week for an average of $473/sq.ft. which is a solid average this week. There was a unit at 700 1st that sold for a very low $375/sq.ft. Prices seems to have been dropped at 700 1st over the last year. The units are a bit commoditized and there's always several units on the market.

There were three 3BR condo sales this week with 712 Grand selling for a very low $365/sq.ft. There are a lack of great 3BR condos on the market right now.

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

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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