Tuesday, January 3, 2012

Mad Dash to Close for 2011-Hoboken Sales Update-December 30, 2011

We finished the last week of the year with 17 sales.  A strong finish for the end of the year.

One bedroom condos averaged a decent $471/sq.ft. with a nice 1BR condo at 1100 Adams selling for a strong $521/sq.ft.  I really like the one bedroom layout at all of The Upper Grand buildings.

Two bedroom sales dipped to $427/sq.ft. and were pulled down by a low sale at 416 Monroe for $303/sq.ft. and a $373/sq.ft. sale at 81 Grand of $370/sq.ft.  The listing at 81 Grand was a fifth floor walkup which is why it sold so low.

There was a 3BR sale at 422 Madison that sold for a very low $300/sq.ft., but I haven't heard great things about the building.

There were 2 one family sales and 1 one family sale this week.  It's nice to see activity on the upper range of the market.

There was also a sale of an investment 3 family on 8th Street.  $760,000 was a great price for this property.

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
Email: info@hobokenjerseycity.com

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