Tuesday, August 19, 2014

July 2014 Stats Update-The Market Continues to Grow

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:

Search downtown Jersey City listings:

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

No comments: