Friday, November 11, 2011

7 Total Sales in Hoboken-One Great Sale-Hoboken Sales Update-November 11, 2011

I would first like to take a moment to thank everyone who has defended our country.
You are not forgotten.

We had a total of seven sales this week in Hoboken.

On the one bedroom front, there was a sale of $391/sq.ft. at 707 Monroe which didn't help things. Average sales price for the week was $418/sq.ft.

Two bedroom condos also sold poorly this week with an average sales price of $387/sq.ft. There were two sales at 2 Constitution that sold in the $425/$435 sq. ft. range this week. There were units in this building that were selling for $700+/sq.ft. foot around 6 years ago. Ouch!

The deal of the week has to be 163 Newark Street. This unit sold in $2009 for $391/sq.ft. ($587,000) and just closed for $513/sq.ft. There were some structural issues with the building that scared away buyers back in 2009 which is why it was sold so cheaply.

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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