Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and downtown Jersey City
My name is Kevin Dowd and welcome to my real estate blog. This blog is meant to educate local buyers and sellers in Hoboken, downtown Jersey City and the surrounding areas by providing up-to-date real estate sales statistics. Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.
Friday, May 25, 2012
23 Sales in Hoboken-PRICES ARE UP!-Hoboken Sales Update-May 25, 2012
The surge of activity we've seen over the last few months is finally hitting us. We had a total of 23 sales this week in Hoboken.
One bedroom sales averaged a very strong $502/sq.ft. led by a $562/sq.ft. sale at 300 Newark Street.
Two bedroom sales averaged a very strong $499/sq.ft. with two properties at Maxwell Place averaged over $700/sq.ft. and a property at The Constitution selling for $550/sq.ft.
Although the sale at The Constitution was a cash deal, I can't believe that someone would buy this property without at least looking at recent building sales. This unit sold for about $100,000 more than other recent sales.
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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