I hope everyone had a wonderful holiday season!
The Hoboken and downtown Jersey City markets ended 2023 on a strong note!
Hoboken
The big news for December is that 2BR condos hit an all-time high of $924.77/sq.ft.
The continued lack of inventory coupled with strong demand and lower interest rates is fueling the market.
Downtown Jersey City
The big news for December is that 1BR and 2BR units hit all-time highs. 1BR units reached $888.74/sq.ft. while 2BR units reached $959.30/sq.ft.
There is speculation that pricing will remain strong in 2024 now that mortgage rates are dropping and more buyers are re-entering the market.
Kevin G. Dowd
Broker of Record
5 Marine View Plaza
Suite 310
Hoboken, New Jersey 07030
Mobile: 201.606.5957 | Office: 201.659.8600
Mobile: 201.606.5957 | Office: 201.659.8600
Your Hudson County, New Jersey Referral Partner
Associate Broker
400 Garden City Plaza, Suite 438
Garden City, New York 11530
Mobile: 201.606.5957 | Office: 516.873.7100
Your Long Island, New York Referral Partner
Each office is independently owned and operated.
2 comments:
Wow, the condo market is booming in December! Any tips on navigating this hot market? Also, curious if anyone has insights on a reliable and affordable buy mba dissertation writing service?
This real estate update showcases the resilience of the Hoboken-Jersey City market, hitting all-time highs in December. Despite broader economic shifts, demand remains robust, signaling continued strength in the local housing sector. It's a testament to the area's appeal and enduring investment potential. Exciting times are ahead for buyers and sellers alike in this dynamic market.
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