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.
Thursday, March 14, 2013
Big Price Increases for February-Monthly Stats Update-February, 2013
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:
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
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