Tuesday, November 21, 2017

Downtown JC and Newport 2BR Reach an All-Time High-October 2017 Real Estate Update

The market continued its strength into October with Hoboken pending and total sales showing increases over September numbers.

However, the big story this month is the 2BR downtown Jersey City and Newport market, both of which reached all-time highs last month.  Downtown Jersey City 2BR averaged $818.47 last month and Newport 2BR averaged a whopping $1056.80. Amazing.

I keep getting asked by clients and readers if I think the sales market is starting to soften. 

With numbers like these, it doesn't seem likely right now.

Happy Thanksgiving!

Kevin G. Dowd
The Turoff Team

Keller Williams City Life Realty
100 Washington Street
Hoboken, New Jersey 07030
Mobile 201-606-5957 | Office 201-659-8600 x 408

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