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.
Monday, June 11, 2012
Hoboken 1, 2 & 3 BR Condos ALL Average OVER $500/sq. ft.-Hoboken Sales Update-Jun 8, 2012
There were 25 sales in Hoboken this week.
1 BR sales averaged a strong $507/sq.ft this week with three sales topping $500/sq.ft. and one sale topping $600/sq.ft.
The 2 BR market did just as well averaging a very strong $534/sq.ft. this week. A unit at Maxwell Place sold for a strong $634/sq.ft.
3BR condos sold equally as well this week with an average sales price of $511/sq.ft. A unit at 603-607 Monroe sold for $25,000 over asking price. Impressive.
This is the first time that 1, 2, and BR condos have all averaged over $500/sq.ft. since I started tracking data in October, 2009.
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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