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:

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