2014 Year End Summary-Big Prices Increase in EVERY Category-Hoboken/Downtown Jersey City

So, here's the moment that everyone's been waiting for....how did the local real estate market perform in 2014?

The answer is....very well.

Prices have increased in every sales category with 3 BR units showing the largest increases in Hoboken,  Newport and downtown Jersey City.  It seems these days that any decently priced 3 BR condo sells even faster than 1 BR and 2BR units.

What's more interesting is when you look back over the last 5 years and see how pricing has skyrocketed.  We're talking significant price increases.

The complete lack of inventory and increasing demand definitely keep pricing very strong.

Looking for an instant home valuation?

Instant Home Values: http://www.hobokenpropertyvalue.com/ 
(works on values for all New Jersey homes)

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/

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

December Real Estate Numbers-Hoboken/Downtown Jersey City-Monthly Stats Update

Numbers remained strong again for December in Hoboken and downtown Jersey City.

There was a slight dip in total transactions in Hoboken which I attribute more to lack of inventory than lack of demand.

It's interesting to see the dramatic increase in 3 BR pricing.  There is such a lack of 3 BR units right now that new listings are literally selling in a matter of days over asking price.  Amazing.]]

Pricing in the downtown and Newport areas should not be overlook.  They have increased dramatically and are experience the same area-wide lack of inventory problems.

End of year data to be posted shortly.



Looking for an instant home valuation?

Instant Home Values: http://www.hobokenpropertyvalue.com/ 
(works on values for all New Jersey homes)



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/

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