Friday, August 26, 2011

Prices are Increasing-Hoboken/Downtown Jersey City Pending Sales Update-August 26, 2011

Additional news reports that the economy may be stalled again has put more people back on the fence when it comes to submitting offers on properties.

I do strongly feel that Hoboken has reached the bottom and prices have crept up slightly over the first half of this year. Prices have been trending upward over the last three months.

Downtown Jersey City has also seen upward movement as prices have also increased over the last three months.

Pending Sales for Hoboken August 26, 2011:

150 dabos vs. 152 last week (1.3% decrease)

Pending Sales for Downtown Jersey City August 26, 2011:

126 dabos vs. 127 last week (.08% decrease)

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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