We had a total of 11 sales this week in Hoboken that was limited to 1 bedroom and 2 bedroom units.
There was a extremely low 1 bedroom short sale at 228 Bloomfield for $304/sq.ft. This unit sold way below market and should have sold for around $450-$475/sq.ft. depending on the condition.
As proof that good units are moving quickly you have to look no farther than 70 Adams. The Oz is a great downtown building a 1300 sq. ft. unit sold for $507/sq.ft. in 14 days for ASKING PRICE.
There is such a lack of good downtown 2 bedroom condos that people swarmed this unit.
It's also important to note that 2 bedroom sales averaged $506/sq.ft. this week.
Please click on the link below if you can't see the spreadsheet:
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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