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HOBOKEN-Market strength continued in September with the average days on the market hitting an all-time low at 15 days, down 42.31% from last month.
Pending sales increased 2.15% to 95 units.
Pricing remained strong again this month with 4BR units leading the way at a robust $981.74/sq.ft.
All new construction properties being built in town are all ultra-luxury and that is the driving force for pricing of 3BR and 4BR units.
DOWNTOWN JERSEY CITY-The market in downtown Jersey City is still more neutral with the current inventory (absorption rate) at 20.07 weeks.
Pending sales were down 11.35% to 125 units.
Studio pricing came in at a strong $1016.56/sq.ft due to some high priced sales at some of the newer luxury buildings.
Kevin G. Dowd
Broker of Record
5 Marine View Plaza
Suite 310
Hoboken, New Jersey 07030
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.
