Solid November Sales for Hoboken and Downtown Jersey City-November, 2013 Real Estate Update

Pending sales for  Hoboken and downtown Jersey City dipped slightly this month mostly due to the seasonal slowdown that we always experience.

The inventory for sale at the moment sold quicker than last month as is evidenced by the decreased absorption rates for Hoboken and downtown Jersey City.

1 BR and 2 BR sales are the best indicators of pricing because that's where the majority of sales take place.  Pricing in Hoboken for these units has consistently been in the $550+/sq.ft. range.

Newport 1BR and 2BR units have consistently been in the $600+/sq.ft. range and Downtown units have been in the $450-$500/sq.ft. range for 1BR units and the $500-$550/sq.ft. range for 2BR units.


Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

October, 2013 Real Estate StatsUpdate-Prices Continue to Increase

I have finally been able to add 2009 figures to my monthly updates to give an even broader picture of how the market has improved over the last four years.

October saw continued strength in both the Hoboken and downtown Jersey City markets.

The downtown market contracted even further in October with an absorption rate of just 9.375 weeks.  Hoboken increased to 12.6 weeks, which is still abnormally low.

The Hoboken two bedroom market posted an impressive 4.26% increase this month.


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Real Estate Stats Update-September, 2013

Inventory has not improved at all for September.  If anything, it's worse than it was in August.

I'm not sure why people aren't selling.  Most buyers can get out form underneath there mortgages and I've seen many sellers make a tidy profit on the sale of their current condo or brownstone.

Check out the price changes are you look back over the past several years. It's amazing.

I just had listing that sold for about $150,000 more than a comparable unit sold for in the same building just two years ago.

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Monthly Stats Update-August, 2013

Where is all of the inventory?  There is just nothing for sale at the moment.

The absorption rate is at the lowest levels that I've ever seen.  Good properties that are priced well are moving quickly.

Three bedroom pricing has been very steady lately because there isn't any good 3 BR inventory out there. Families that need three bedrooms are willing to pay for them.

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Total Transactions Increase Monthly Stats Update-July, 2013

Total transactions increased sharply for Hoboken and downtown Jersey City this month even though inventory remains extremely tight in both areas.  Pricing remains more or less steady for all areas except for 3 BR sales in the Newport area.

This price spike is due to the lower price points of 45 River Drive South relative to the other new buildings in the Newport area.

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Monthly Stats Update-June, 2013

Sales held steady again for June with Hoboken prices rising across the board for 1, 2, and 3 bedroom condos.

1BR condos in the Newport area performed strongly this month, with only slight decreases for other Jersey City market segments.

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

The Market Continues to Strengthen-Hoboken/Downtown Jersey City May, 2013 Stats Update

These are the figures for May, 2013.  The June, 2013 figures will be released shortly.

Transactions and pending sales increased again for Hoboken and downtown Jersey City for May.  When compared to previous years, you can really see how the market has started to accelerate.

Overall prices held steady, with a slight dip in Hoboken studio sales.  This figure tends to be more volatile because there aren't many studio sales in Hoboken.

The downtown market continues its strength with 2 BR prices increasing 23.84%.


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Impressive Activity This Month-Monthly Stats Update-April, 2013

The Hoboken market seems to be exploding at the moment with total sales up 46.67% and pending sales up a whopping 21.52%.

Pricing softened a bit with the exception of 2 BR condos in Hoboken and 3 BR condos in the Newport area.

It starting to feel like the good old days...bidding wars and escalating prices.



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken Sales Increase...Again-Hoboken Sales Update-April, 2013

There were ninety-one sales this week.

Thirteen properties sold at asking price and twenty-one properties sold over asking price.

1 BR, 2 BR, and 3BR units all sold at or over $520/sq.ft.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC Information provided by:

Jersey City Posts Impressive Numbers-Jersey City Sales Update-April, 2013

There were 56 sales in downtown Jersey City this month.

Six properties sold at asking price and fourteen properties sold above asking price.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Big Increases in Pending Sales and Total Transactions-Monthly Stats Update-March, 2013

Pricing and activity strengthened again in March for downtown Jersey City and Hoboken.

The complete lack of inventory has just been driving prices crazy over the last few months.  Most popular properties are selling in days with multiple offers.

Please note how the absorption rate dropped 19.57% for Hoboken and 22% for downtown Jersey City, while at the same time transactions increased 68% for Hoboken and 71% for downtown Jersey City.

What this means is that there is a decrease in the supply of properties for sale while the demand has increased.  Result...prices are going up.

In some cases, pricing has already moved past peak pricing levels.

It's very simple, if you have a property listed for just a few days and you have multiple offers...you're property is priced too low.

If you're looking to sell right now, you can practically name your price.



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken Sales Update-March, 2013

There were sixty-two sales this week.

Twelve properties sold at asking price and thirteen properties sold over asking price.

1 BR, 2 BR, and 3BR units all sold over $500/sq.ft.

1BR units sold at $582/sq.ft.  Amazing.

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



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC Information provided by:

Jersey City Sales Update-March, 2013

There were 62 sale in downtown Jersey City this month

Five properties sold at asking price and fourteen properties sold above asking price.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Big Price Increases for February-Monthly Stats Update-February, 2013

The absorption rate remains low again this month, although we've increased from our all-time lows from last month.

Pending sales have seen big increases in February and this trend is continuing for March.  Total sales for February is still low, but this is mostly due to the lack of inventory.

Pricing still continues to grow this month with 1 BR and 2 BR sales in Hoboken well over $500/sq.ft.  Even the 3 BR market, which has been more active than usual, is pushing the $500/sq.ft. barrier.

The downtown Jersey market also continues to gain strength as well, with 1 and 2 BR downtown condos continuing to sell very well.  The Newport also performed well with 1, 2 and 3 BR condos all selling over $600/sq.ft.

The march upwards continues...


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Pending Sales Increase for Hoboken and Downtown Jersey City-Hoboken/Downtown Jersey City Pending Sales Update-March 8, 2013

Pending Sales for Hoboken-March 8, 2013:

200 dabos vs. 196 last week (2.04% increase)


This is the sixth consecutive week of increases for Hoboken.

Pending Sales for Downtown Jersey City-March 8, 2013:

176 dabos vs. 174 last week (1.15% increase)

This is the fourth consecutive week of increases for downtown Jersey City.

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Absorption Rate Update-March 8, 2013

Inventories in Hoboken increased 17 to 183 units.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City decreased 3 units to 131 this week. This number also includes condos/coops and 1 to 4 family properties.  The drop from last week seems strange, but I can't figure out what happened.

4-16 weeks of inventory = Seller’s market

20-24 weeks of inventory = Neutral market

24 or more weeks of inventory = Buyer’s market

Hoboken Absorption Rate Update-March 8, 2013
21.45 weeks vs. 14.68 weeks last week (46.12% increase)

Downtown Jersey City Absorption Rate Update-March 8, 2013
16.71 weeks vs. 12.90 weeks last week (29.53% increase)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings: http://www.viewhobokenhomes.com/
Search downtown Jersey City listings: http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

1BR Downtown Condos Average $588/Sq.Ft.-Jersey City Sales Update-March 8, 2013

There were 10 sales in the downtown Jersey City area this week.

One property sold at asking price and four properties sold above asking price.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

1BR & 2BR Average Over $500/sq.ft...AGAIN-Hoboken Sales Update-March 8, 2013

There were 14 sales this week.

One property sold at asking price and two sold at asking price.

Another week of over $500/sq.ft. pricing for 1BR and 2BR condos.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Fifth Straight Week of Increases for Hoboken-Hoboken/Downtown Jersey City Pending Sales Update-March 1, 2013

Pending Sales for Hoboken-March 1, 2013:

196 dabos vs. 188 last week (4.26% increase)


This is the fifth consecutive week of increases for Hoboken.

Pending Sales for Downtown Jersey City-March 1, 2013:

174 dabos vs. 178 last week (2.2% decrease)

This is the third consecutive week of increases for downtown Jersey City.

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Absorption Rate Update-March 1, 2013

Inventories in Hoboken decreased 1 to 166 units.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City increased 2 units to 134 this week. This number also includes condos/coops and 1 to 4 family properties.  The drop from last week seems strange, but I can't figure out what happened.

4-16 weeks of inventory = Seller’s market

20-24 weeks of inventory = Neutral market

24 or more weeks of inventory = Buyer’s market

Hoboken Absorption Rate Update-March 1, 2013
14.68 weeks vs. 16.73 weeks last week (12.4% decrease)

Downtown Jersey City Absorption Rate Update-March 1, 2013
12.90 weeks vs. 16.27 weeks last week (20.7% decrease)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings: http://www.viewhobokenhomes.com/
Search downtown Jersey City listings: http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Downtown 2BR Average $533/SQ.FT.-Downtown Jersey City Sales Update-March 1, 2013

There were 8 sales in the downtown Jersey City area this week.

Five properties sold above asking price.

I see a new trend developing with properties selling above asking price in a short period of time.  It might be time to start raising sale prices.  A property just shouldn't sell in 7 days after receiving multiple bids.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

$548/SQ.FT.Highest Average Sales Price Since October, 2009-Hoboken Sales Update-March 1, 2013

There were 15 sales this week.

Six properties sold above asking price and two sold at asking price.

The average 2 BR sales price is about the highest I've seen it since I started tracking local data in October, 2009.  Amazing.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Pending Sales Up AGAIN-Hoboken/Downtown Jersey City Pending Sales Update-February 22, 2013

Pending Sales for Hoboken-February 22, 2013:

188 dabos vs. 174 last week (8.06% increase)


This is the fourth consecutive week of increases for Hoboken.

Pending Sales for Downtown Jersey City-February 22, 2013:

178 dabos vs. 163 last week (9.2% increase)

This is the third consecutive week of increases for downtown Jersey City.

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Absorption Rate Update-February 22, 2013

Inventories in Hoboken increased 3 to 167 units.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City increased 5 units to 132 this week. This number also includes condos/coops and 1 to 4 family properties.  The drop from last week seems strange, but I can't figure out what happened.

4-16 weeks of inventory = Seller’s market

20-24 weeks of inventory = Neutral market

24 or more weeks of inventory = Buyer’s market

Hoboken Absorption Rate Update-February 22, 2013
16.73 weeks vs. 17.65 weeks last week (5.2% decrease)

Downtown Jersey City Absorption Rate Update-February 22, 2013
16.27 weeks vs. 16.82 weeks last week (3.3% decrease)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings: http://www.viewhobokenhomes.com/
Search downtown Jersey City listings: http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

1BR AVERAGE $466/SQ.FT.-Downtown Jersey City Sales Update-February 22, 2013

There were 10 sales in the downtown Jersey City area this week.

One property sold at asking price.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

1BR AVERAGE $595/SQ.FT.--2BR AVERAGE $544/SQ.FT.-Hoboken Sales Update-February 22, 2013

There were 9 sales this week.

Five properties sold above asking price and one sold at asking price. Take a look at how far above asking price buyers have to go these days.

If a properties have multiple bids over asking price after being on the market for a few days...it may be priced too low.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Pending Sales Increase-Hoboken/Downtown Jersey City Pending Sales Update-February 15, 2013

Pending Sales for Hoboken-February 15, 2013:

174 dabos vs. 152 last week (14.47% increase)

Pending Sales for Downtown Jersey City-February 15, 2013:

163 dabos vs. 158 last week (3.16% increase)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Big Increases This Week-Hoboken/Downtown Jersey City Absorption Rate Update-February 15, 2013

Inventories in Hoboken increased 3 to 167 units.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City increased 5 units to 132 this week. This number also includes condos/coops and 1 to 4 family properties.  The drop from last week seems strange, but I can't figure out what happened.

4-16 weeks of inventory = Seller’s market

20-24 weeks of inventory = Neutral market

24 or more weeks of inventory = Buyer’s market

Hoboken Absorption Rate Update-February 15, 2013
17.65 weeks vs. 14.22 weeks last week (24.12% increase)

Downtown Jersey City Absorption Rate Update-February 15, 2013
16.82 weeks vs. 12.80 weeks last week (31.4% increase)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings: http://www.viewhobokenhomes.com/
Search downtown Jersey City listings: http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Downtown Jersey City Sales Update-February 15, 2013

There were 4 sales in the downtown Jersey City area this week.

Both Hoboken and downtown Jersey City were light this week on sales.

One property sold at asking price.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

6 Sales This Week-Hoboken Sales Update-February 8, 2013

There were 6 sales this week.  Kind of a light week.

Two properties sold at asking price.

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


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Monthly Stats Update-January, 2013

The absorption rate remains low for Hoboken and downtown Jersey City again this week.  I don't see this changing much until inventory starts to increase.

It's interesting to see how low the absorption rate is when compared to previous years.

There was a strong increase in sq. ft. pricing for Newport 1 BR and 2 BR condos this month.  Activity has been limited in this area as pricing is still below original purchase prices for many owners.


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Pending Sales Update-February 8, 2013

Pending Sales for Hoboken-February 8, 2013:

152 dabos vs. 149 last week (2.01% increase)

Pending Sales for Downtown Jersey City-February 8, 2013:

158 dabos vs. 147 last week (7.48% increase)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Absorption Rate Update-February 8, 2013

Inventories in Hoboken increased 14 to 164 units.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City increased 9 units to 127 this week. This number also includes condos/coops and 1 to 4 family properties.  The drop from last week seems strange, but I can't figure out what happened.

The only reason absorption rates increased was because there were so few sales this week due to the storm.

4-16 weeks of inventory = Seller’s market

20-24 weeks of inventory = Neutral market

24 or more weeks of inventory = Buyer’s market

Hoboken Absorption Rate Update-February 8, 2013
14.22 weeks vs. 15.38 weeks last week (7.5% decrease)

Downtown Jersey City Absorption Rate Update-February 8, 2013
12.80 weeks vs. 12.80 weeks last week (no change)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings: http://www.viewhobokenhomes.com/
Search downtown Jersey City listings: http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Downtown Jersey City Sales Update-February 8, 2013

There were 6 sales in the downtown Jersey City area this week.

One property sold over asking price.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken Sales Update-February 8, 2013

There were 14 sales this week.

Three properties sold at asking price.

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


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Pending Sales Increase in Hoboken This Week-Hoboken/Downtown Jersey City Pending Sales Update-February 1, 2013

Pending Sales for Hoboken-February 1, 2013:

149 dabos vs. 141 last week (5.67% increase)

Pending Sales for Downtown Jersey City-February 1, 2013:

147 dabos vs. 147 last week (no change)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Absorption Rate Update-February 1, 2013

Inventories in Hoboken increased 10 to 149 units.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City increased 5 units to 118 this week. This number also includes condos/coops and 1 to 4 family properties.  The drop from last week seems strange, but I can't figure out what happened.

The only reason absorption rates increased was because there were so few sales this week due to the storm.

4-16 weeks of inventory = Seller’s market

20-24 weeks of inventory = Neutral market

24 or more weeks of inventory = Buyer’s market

Hoboken Absorption Rate Update-February 1, 2013
15.38 weeks vs. 12.54 weeks last week (22.41% increase)

Downtown Jersey City Absorption Rate Update-February 1, 2013
11.62 weeks vs. 11.66 weeks last week (.003% decrease)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings: http://www.viewhobokenhomes.com/
Search downtown Jersey City listings: http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Downtown Jersey City Sales Update-February 1, 2013

There were 11 sales in the downtown Jersey City area this week.

One property sold at asking price and one sold over asking price.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Four Properties Sold Over Asking Price-Hoboken Sales Update-February 1, 2013

There were 13 sales again this week.

Four properties sold at asking price and four properties sold over asking price.

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


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Pending Sales Increase for Hoboken and Downtown Jersey City-Pending Sales Update-January 25, 2013

Pending Sales for Hoboken-January 25, 2013:

141 dabos vs. 134 last week (5.2% decrease)

Pending Sales for Downtown Jersey City-January 25, 2013:

147 dabos vs. 144 last week (2.1% decrease)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Inventory Still Extremely Low-Hoboken Downtown Jersey City Absorption Rate Update-January 25, 2013

Inventories in Hoboken increased 4 to 139 units.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City increased 2 units to 113 this week. This number also includes condos/coops and 1 to 4 family properties.  The drop from last week seems strange, but I can't figure out what happened.

The only reason absorption rates increased was because there were so few sales this week due to the storm.

4-16 weeks of inventory = Seller’s market

20-24 weeks of inventory = Neutral market

24 or more weeks of inventory = Buyer’s market

Hoboken Absorption Rate Update-January 25, 2013
12.54 weeks vs. 11.04 weeks last week (13.59% increase)

Downtown Jersey City Absorption Rate Update-January 25, 2013
11.66 weeks vs. 11.19 weeks last week (4.2% increase)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings: http://www.viewhobokenhomes.com/
Search downtown Jersey City listings: http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Downtown Jersey City Real Estate Update-January 25, 2013

There were 15 sales in the downtown Jersey City area this week.

One property sold at asking price and one sold over asking price.

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

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Sales Dip This Week-Hoboken Sales Update-January 25, 2013

There were 13 sales this week.

Two properties sold at asking price and one property sold over asking price.

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


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Pending Sales Update-January 18, 2013

Pending Sales for Hoboken-January 18, 2013:

134 dabos vs. 136 last week (1.5% decrease)

Pending Sales for Downtown Jersey City-January 18, 2013:

144 dabos vs. 145 last week (.7% decrease)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings:
http://www.viewhobokenhomes.com/
Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/
Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Pending Sales Update-January 18, 2013

Inventories in Hoboken increased 4 to 135 units.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City decreased 3 units to 111 this week. This number also includes condos/coops and 1 to 4 family properties.  The drop from last week seems strange, but I can't figure out what happened.

The only reason absorption rates increased was because there were so few sales this week due to the storm.

4-16 weeks of inventory = Seller’s market

20-24 weeks of inventory = Neutral market

24 or more weeks of inventory = Buyer’s market

Hoboken Absorption Rate Update-January 18, 2013
11.04 weeks vs. 9.62 weeks last week (14.76% increase)

Downtown Jersey City Absorption Rate Update-January 18, 2013
11.19 weeks vs. 12.67 weeks last week (11.7% decrease)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search Hoboken listings: http://www.viewhobokenhomes.com/
Search downtown Jersey City listings: http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC