Tuesday, January 20, 2015

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

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