Friday, March 21, 2014

Price Increases Across the Board for Hoboken and Newport-February 2014 Stats Report

The strength of the Hoboken and downtown Jersey City markets continues this month with bidding wars becoming commonplace these days.

Hoboken and the Newport area had across the board increases.  I'm curious to see if 1 bedroom of 2 bedroom condos in Hoboken will be the first to cross the $600/sq.ft. barrier.

There was a strong increase in pending sales for both Hoboken and downtown Jersey City areas this month which means that the activity and pricing that we're seeing is now the norm.

Many buildings have been selling above their peak pricing.

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957

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