Friday, September 9, 2011

Hoboken Sales Update-September 9, 2011

We had a total of 12 sales this week in Hoboken. Still a little slow from the August vacation season.

1BR condos averaged $478/sq.ft. again this week with two sales averaging over $500/sq.ft.

2BR condos averaged $441 sq.ft. this week with two sales back on Monroe selling for less than $400/sq.ft. Some of the buildings back there are struggling to sell. Buyers are moving towards more desirable areas of town because prices are so low.

There was one 3BR sale at 211 Madison for $416/sq.ft and even a 4BR sale at 506 Observer for $391/sq.ft. Lots of space in this unit, but it's on several floors.

There were three single family sales this week, two of which sold in less than 2 weeks. Interesting

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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