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)
Berkshire Hathaway HomeServices
Hudson River Properties
626 Washington Street
Hoboken, NJ 07030
Search Hoboken listings:
Search downtown Jersey City listings:
Follow me on Twitter: www.twitter.com/KevinDowdHBJC