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.
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:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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