Tuesday, January 9, 2018

December 2017 Hoboken/Jersey City Real Estate Update-Hoboken Breaks 3BR Record....Again.

Happy New Year!

My year end report will be published shortly.

For now, here are the December 2017 stats.

Pending sales dipped significantly for downtown Jersey City and dropped slightly for Hoboken.  This is a big drop for downtown JC, but I'm not sure why. 

Total transactions remained relatively stable for both areas in December.

3BR sales in Hoboken surged to a record-setting price of $836.53/sq. ft. and beat the record of $831.09/sq. ft. set in November 2016. Wow.

3BR sales in Newport dropped 57.63% in December, but there are so few 3BR sales in that area that it doesn't make me that concerned.

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 x408

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