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
Downtown Beats Newport Area in 1BR Sales This Week-Downtown Jersey City Sales Update-July 8, 2011
There were a total of 9 sales this week in downtown Jersey City. Not as good as last week, but there are some highlights.
I accidentally included at sale at Hamilton Square (25 McWilliams) last week as a Newport property. This made downtown beat the Newport area by an even larger margin!
For the first time in a long time, 1BR sales in downtown beat 1BR sales in Newport. Downtown averaged $475/sq.ft. while Newport only averaged $388/sq.ft. Newport was brought down because of a sale at 45 River Drive South. Although still a nice complex, it doesn't sell as high as some of the newer buildings in the area.
On the two bedroom front, there was an OK sale at 700 Grove for $413/sq.ft. and a very good sale at 217 Newark for $490/sq.ft.
Please click on the link below if you can't view the chart:
Information Provided By:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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