Saturday, July 9, 2011

1BR and 2BR prices increase this week-Hoboken Sales Update July 8, 2011

There were a total of 18 sales this week in Hoboken.

1BR sales only averaged $476/sq.ft. with 662 Park selling for a surprising $517/sq.ft. It was slightly smaller at 553 sq.ft. which contributed to the higher sales price.

2BR sales also impoved this week with an average transaction price of $454/sq.ft. A 2BR at Hudson Tea sold for a lowish $518/sq.ft. and a unit at 350 7th Street sold for a very low $447/sq.ft.

There were only 2 sales this week in the 3BR market. I was happy to see that 415 Madison sold for $481/sq.ft. It's hard to gauge 3BR sales because there aren't that many.

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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