Friday, June 3, 2011

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

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