Friday, July 1, 2011

22 Sales in Hoboken This Week-Hoboken Sales Update-July 1, 2011

There were a total of 22 sales this week in Hoboken.

Transaction prices were a little lower all across the board this week.

1BR sales only averaged $407/sq.ft. There was a very low sale at 800 Jackson(Metrostop) at $410/sq.ft. I just met someone today who purchased a similar unit with parking for about $537/sq.ft. OUCH!

There were a couple of very low sales on the 2BR front as well. 736 Garden sold for a very low $323/sq.ft, but it was a basement apartment.

610 Monroe sold for $310/sq.ft, but it's 6th and Monroe.

It's interesting to note that a 3BR at 9th and Jefferson sold for $40,000 over asking price. It might be a great time to list your 3BR condo if you're thinking of selling.

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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