Hudson County Condo Market Recap

2012 Brought Good News for Hudson County Condo Owners

Market Report

2012 Recap of Condo Stats for Hudson County NJ

 

As we swing into 2013, there’s reason to be optimistic about the state of the real estate market in Hoboken and Jersey City. Prices rose slightly for one, two and three bedroom condos, giving sellers  the opportunity to earn a profit on their investments yet still keeping things affordable for people looking to buy condos,flats or townhomes in Hudson County.   

Here’s a recap of the year’s sales statistics

Table

As you can see, the largest percentage leap in sales value was for 1-bedroom condos in Downtown Jersey City; however, even with the increase, the median sales price of those condos was a very affordable $370,000. The chart also shows that sellers received over 96% of their asking price—a remarkable trend that promises to continue into 2013.

If you are thinking of buying or selling a condo in Hudson County, New Jersey, you’ve chosen a good time to start the process. As your Hudson County real estate
expert,
 I
will be happy to chat with you about your buying or selling needs. Please do not hesitate to contact me via email or call me at 347-448-3766.

In the meantime, please take advantage of my complimentary condo buying and selling resources:  neighborhood condo guide, neighborhood sold data request or condo finder assistant.

Would you like to know what homes have sold for in your neighborhood? Sign up for your free report.

 

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