Friday, February 10, 2012

2BR/2BA at 70 Adams Sells at Asking Price in 14 Days-Hoboken Sales Update-February 10, 2012

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:

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

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