Friday, September 14, 2012

House Cleaning This Week with 1 BR and 2 BR Prices Dropping-September 14, 2012

There 25 sales again this week in Hoboken.

A lot of the lower-priced inventory sold this week which brought down the average sales price for 1 BR and 2BR condos this week.

A short sale at 413 1st Street for $311 really brought down 1 BR sales.  Thankfully, we don't have many short sales in Hoboken!

2 BR sales did OK this week at $468/sq.ft. but were brought down by lower price sales at 117 and 119 Madison which are higher floor walkups.

People are turning to these types of properties because there isn't much inventory out there at the moment.

Please click on the link below if you can't see the chart:

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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