Friday, April 19, 2013

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

Thursday, April 18, 2013

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