Tuesday, June 16, 2015

May 2015 Hoboken/Downtown Jersey City Update-3BR in Hoboken Up 13.68%, Downtown Jersey City 2BR Up 7.80%

We've had a very robust month with all market segments averaging well over $600/sq. ft.

The standouts were the Hoboken 3BR market with an increase of 13.68% and downtown 2BR with an increase of 7.80%.  We're entering new pricing thresholds as pricing continues to strengthen.

Many properties are still selling with multiple offers above asking price, so I don't see a stabilization of pricing until inventories increase to catch up with demand.

Please click on the link below for full details:

May 2015 Real Estate Update

Thinking of buying of selling?

Please let me know how I can help.

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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