Thursday, November 20, 2014

October 2014 Real Estate Stats Update-Momentum Continues-Pricing Strong

Hoboken 1 and 2 BR condos continue to hover around the $600/sq.ft. mark while 3 BR condos maintain their ground in the mid-$600/sq.ft. range.

Inventories are reaching lower levels as we approach the holiday season, but pending sales for both Hoboken and downtown Jersey City remain strong.

Newport 1 and 2 BR condos continue to push past $700/sq.ft. while downtown 1 and 2 BR condos hover in $560-$590/sq.ft. range.  Strangely, 3 BR condos in this area are trending lower than they are in Hoboken, despite very strong demand.

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

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