Hoboken/Downtown Jersey City Pending Sales Update-June 24, 2011

Pending Sales for Hoboken June 24, 2011:

177 dabos vs. 182 last week (2.7% decrease)


Pending Sales for Downtown Jersey City June 24, 2011:

163 dabos vs. 161 last week (1.24% increase)

Information provided by:

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

Email: info@hobokenjerseycity.com
Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Absorption Rate Update-June 24, 2011

The see saw ride continues on downtown Jersey City this week with the absroption rate dropping by 30.8% this week. Buyers are picking all of the great deals!

Hoboken was essentially flat this week and still doing well.

Hoboken Absorption Rate Update May June 24, 2011:

22.85 weeks vs. 22.79 weeks last week (.0027% increase)


Downtown Jersey City Absorption Rate Update June 24, 2011:

39.98 weeks vs. 57.71 weeks last week (30.8% decrease)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Great Sales Week in Downtown Jersey City!-Downtown Jersey City Sales Update-June 24, 2011

There were a total of 11 sales this week in downtown Jersey City.

There was a 1BR in the Newport area at 389 Washington (The A) that sold for a healthy $522/sq.ft.

1BR sales in the downtown area also did very well this week with an average sales price of $423/sq.ft.

There were two 2BR sales in the Newport area at The Shore this week. Both sales averaged $491/sq.ft. which is great.

Great job this week in downtown Jersey City.

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



Information Provided By:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Hoboken Sales Update-June 24, 2011

There were a total of 20 sales this week in Hoboken.

On the 1 BR front there was a great fixer-upper on 4th and Madison that sold for $276/sq.ft. This was a great deal for someone that's very handy.

There was also a short sale at 308 Monroe that closed for $359/sq.ft.

On the higher side, there was a very cute unit at 909 Garden that sold for $523/sq.ft.

On the 2BR front, there was a very nice 2BR/1BA that sold at 620 Jefferson for $276/sq.ft. This was a great unit-renovated, nice open layout and I'm surprised it went for so low.

On the 3BR front, there was a sale at 1107 Willow that sold for a lower than expected $370/sq.ft. This was a new renovated and I had thought that it was going sell a little higher. The location is a bit off the beaten path, which I'm sure didn't help things.


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
Email: info@hobokenjerseycity.com

Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Pending Sales Increase in Downtown Jersey City/Hoboken Drops This Week-Hoboken/Downtown Jersey City Pending Sales Update-June 17, 2011

Hoboken dropped again this week by 3.7% to 182 dabos. Still fairly strong, but not as good as it was a few weeks ago.

Downtown Jersey City increased again in pending sales this week by 5.9% to 161 dabos. It seems that buyers snapped up some of the great deals over there this week.

Pending Sales for Hoboken June 10, 2011:

182 dabos vs. 189 last week (3.7% decrease)


Pending Sales for Downtown Jersey City June 10, 2011:

161 dabos vs. 152 last week (5.9% increase)

Information provided by:

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

Email: info@hobokenjerseycity.com
Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Hoboken/Downtown Jersey City Absorption Rate Update-June 17, 2011

There was a big increase in the absorption rate for downtown Jersey City this week. The fact that there were only 3 sales this week didn't help things!

Hoboken Absorption Rate Update May June 17, 2011:

22.79 weeks vs. 21.67 weeks last week (5.17% decrease)


Downtown Jersey City Absorption Rate Update June 17, 2011:

57.71 weeks vs. 44.75 weeks last week (28.96% increase)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

REVISED-Decent Sales Week in Downtown Jersey City-Downtown Jersey City Sales Update----June 17, 2011

We had a decent light week in downtown Jersey City this week with 10 sales.

There was a 1BR at 45 River Drive South that sold for $406/sq.ft., but this older building always sells for less than the newer surrounding buildings.

On the 2BR front, there was a sale at 264 9th Street for $382/sq.ft. and a sale at 149 Essex for $400/sq.ft.


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



Information Provided By:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Hoboken Sales Update-June 17, 2011

There were a total of 20 sales this week in Hoboken.

1BR sales dipped to $469/sq.ft. this week and were brought down by a $318/sq.ft. sale at 1212 Washington. The buyer already has the property back on the market for $453/sq.ft. ($299,000).

2BR sales also dipped this week to $429/sq.ft. on several sales in the sub-$400/sq.ft. range.

There weren't any 3BR sales this week.

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
Email: info@hobokenjerseycity.com

Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Downtown Jersey City Sales Update-June 11, 2011

We had 7 total sales in downtown Jersey City this week.

700 Grove continues its downward trend with a low sale of $329/sq.ft. I can't say that I'm surprised as it's near nothing and many of the units have poor views and/or views of train tracks.

Located right behind 700 Grove is 689 Marin Blvd. I was surprised that there was a sale there there at $434/sq.ft. Prices there have plummeted, especially units that had their windows blocked by the construction of 700 Grove.


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



Information Provided By:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Hoboken Sales Strong Again This Week-Hoboken Sales Update-June 10, 2011

There were a total of 13 sales this week in Hoboken.

1BR sales stay strong again this week at $494/sq.ft.

2BR sales also stay strong, led by sales of $829/sq.ft. at Maxwell Place and $916/sq.ft. at The W.

On the low side was a sale at 635 6th Street at $335/sq.ft. Just goes to show how location can affect prices.

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
Email: info@hobokenjerseycity.com

Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Pending Sales UP! Hoboken/Downtown Jersey City Pending Sales Update-June 10, 2011

Downtown Jersey City has increased again this week by 7.8% to 151 DABOs. The pace is really starting to pick up here are buyers continue to jump back into the market.

I thought Hoboken was going to drop again this week, but they actually increased by 2.7%. Still off of the 200+ DABO range we had a few weeks ago, but very strong nonetheless.


Pending Sales for Hoboken June 10, 2011:

189 dabos vs. 184 last week (2.7% increase)


Pending Sales for Downtown Jersey City June 10, 2011:

152 dabos vs. 141 last week (7.8% increase)

Information provided by:

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

Email: info@hobokenjerseycity.com
Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Absorption Rate Dips for Hoboken and Downtown Jersey City-June 10, 2011

We had a nice drop in absorption rates for Hoboken and downtown Jersey which is a direct result of the increased sales activity over the last few weeks. Super low inventories right now...and not a lot of great properties out there.

Most sellers are waiting for prices to start to rise.


Hoboken Absorption Rate Update May June 10, 2011:

21.67 weeks vs. 23.34 weeks last week (7.2% decrease)


Downtown Jersey City Absorption Rate Update June 10, 2011:

44.75 weeks vs. 49.56 weeks last week (9.7% decrease)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Have We Reached The Bottom?

I just found this excerpt from a recent Wall Street Journal article:

Here is a glimmer of what the future may hold: While overall home prices fell by 7.5% in April over the same period a year earlier, according to CoreLogic, a Santa Ana, Calif., provider of real-estate data and analytics, if you exclude distressed sales, prices were off just 0.5%. So if you are in a market that isn't battered by foreclosures [like Hoboken and downtown Jersey City], you may be close to a bottom already.

...don't just take it from your local realtors....even the Wall Street Journal is reporting that we may have already reached our bottom.

Information provided by:

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

Email: info@hobokenjerseycity.com
Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Hoboken/Downtown Jersey City Pending Sales Update-June 3, 2011

Pending Sales for Hoboken June 3, 2011:

184 dabos vs. 193 last week (4.7% decrease)


Pending Sales for Downtown Jersey City June 3, 2011:

141 dabos vs. 137 last week (2.9% increase)

Information provided by:

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

Email: info@hobokenjerseycity.com
Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Low Inventory, Low Absorption Rates-Hoboken/Downtown Jersey City Absorption Rate Update-June 3, 2011

Slight increases on the absorption rates for Hoboken and dowtown Jersey City this week. Nothing to worry about.

Inventories are off about 25% from this time last year which is helping to keep the abosrption rates low.

Hoboken Absorption Rate Update May June 3, 2011:

23.34 weeks vs. 22.3 weeks last week (4.6% increase)


Downtown Jersey City Absorption Rate Update June 3, 2011:

49.56 weeks vs. 46.96 weeks last week (5.5% increase)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

A Few High...A Few Low Sales in Downtown Jersey City-Downtown Jersey Sales Update-June 3, 2011

We had six total sales in downtown Jersey City this week.

Leading the pack this week was a 3BR/2.5 condo at The Portofino (65 2nd Street) at $577/sq.ft. These are the largest units in the building and offer great views of New York City.

I was surprised to see a 3BR at 149 Essex sell for a low $381/sq.ft. This building in the Paulus Hook section, which is a great part of Jersey City.

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



Information Provided By:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Hoboken 1BR and 2BR sales over $500/sq.ft.-Hoboken Sales Update-------June 3, 2011

There were a total of 19 sales this week in Hoboken.

1BR sales are up again this week at $530/sq.ft. I counted 1500 Washington as a 1BR because this unit has a full wall dividing the bedroom from the living area.

There were a total of 13 2BR sales this week with an average sale price of $494/sq.ft. Sales were lead by a 1588 sq. ft. East facing 2BR at Maxwell Place that sold for $829/sq.ft. The unit had been on the market for 402 days.

Just two 3BR sales this week for an average price of $422/sq.ft.

This is the first time 1BR and 2BR sales have topped $500/sq. ft. at the same time in over 18 months!

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
Email: info@hobokenjerseycity.com

Search Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com