Thursday, October 16, 2014

Pricing Reaches New Levels-Hoboken/Downtown Jersey City Monthly Stats Update-September 2014

Hoboken pricing for 1-3 BR condos have all averaged over $600/sq.ft.  This is the first time since I started tracking data in October, 2009 that I've seen this.

Downtown Jersey City have also reached new levels with Newport 1 BR condos reaching an average price of $784.65/sq.ft. and 2 BR condos reaching $676.67/sq.ft.

Inventories lingered a bit longer than last month, which would normally effect pricing, but the exact opposite seems to have occurred.

Kevin Dowd
Broker Salesperson
Berkshire Hathaway HomeServices/Hudson River Properties
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957

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