Friday, December 23, 2011

Flurrry of Sales for The End of 2011-Hoboken Sales Update-December 23, 2011

Happy Holidays to all of my readers!

I hope that you have a happy and joyous holiday season!

We had a total of 19 sales in Hoboken this week as buyers rush to close for the 2011 tax year.

On the 1 bedroom front, there were a total of five sales with a strong sale at 1100 Adams at $521/sq.ft.
Average sales price was $481/sq.ft. for all 1 bedrooms this week.

There were nine sales in the 2 bedroom market this week with two very strong sales at $836 and $1116/sq.ft. at Maxwell Place.  I spoke with one of the sales agents there and he said that sales are up strongly over the last few months.  Overall, average sales price for 2 bedroom units this week was a strong $570/sq.ft.

There was a beautiful 3BR unit that sold at 56 Jefferson for $514/sq.ft.  This unit, although sold at a strong price, is much less than the $649/sq.ft. that the seller paid in 2005.  Very nice unit.
Please click on the link below if you can't see the spreadsheet:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957

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