Pending sales were down for Hoboken and downtown Jersey City, but this is more due to the fact that there isn't a lot of good inventory on the market right now.
2BR condos in Hoboken pushed over the $600/sq.ft. threshold for July as tight inventories have been squeezing prices upward over the last few months.
1BR condos in the downtown area hit $705.13/sq.ft. Some of this increase is due to some higher priced sales at Crystal Pointe and The A. This is still a very impressive number and testament to the strength of the market in the area.
Kevin Dowd
Broker Salesperson
Berkshire Hathaway HomeServices/Hudson River Properties
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/
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