Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and downtown Jersey City
My name is Kevin Dowd and welcome to my real estate blog. This blog is meant to educate local buyers and sellers in Hoboken, downtown Jersey City and the surrounding areas by providing up-to-date real estate sales statistics. Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.
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:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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