Properties moved at a very fast clip in June with the absorption rate dropping to 7.10 weeks for Hoboken and 9.14 weeks for downtown Jersey City. We haven't seen properties move this fast since December 2016.
Total transactions surged 45.95% for Hoboken and downtown Jersey City increased 6.67%.
Newport area 3BR condos reached a record-high average price of $913.58/sq. ft. as demand continues for families looking for stay in the area.
Click here for the June 2017 Stats UpdateThinking of buying or selling?
If you have a condo or brownstone and are curious about your home's value...call me TODAY for an over-the-phone market analysis!
Have a great day.
Kevin
Kevin Dowd
Broker Salesperson
Berkshire Hathaway HomeServices
Hudson River Properties
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: kdowd@hudsonriverproperties.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
