Demand is High and Supply is Low for 3-Bedroom Hoboken Condos

It used to be that young couples would live in Hoboken until they had children—then they’d move to the ‘burbs. But that trend has been reversing lately, as Hoboken, with its beautiful parks, locally owned shops and restaurants, and cultural attractions is now a viable alternative to living in Manhattan. As more couples decide to stay and raise their children in Hoboken, the number of 3-bedroom condos for sale has decreased and the demand to purchase them has significantly increased.

There are far more one- and two-bedroom condos in Hoboken than three-bedroom units. During the building boom of the 15 years, most developers concentrated on smaller units instead of the larger 3 bedroom layouts.

However, if you are thinking of relocating to Hoboken and are interested in a three-bedroom condo, don’t give up. You can be the first to learn about new listings and price reductions of three-bedroom condos in Hoboken as soon as they come on the market with my free, easy-to-use, search tool.

 

Median Sales Values 3-Bedroom

 

About Walter Burns

Walter Burns is a licensed New Jersey Realtor since 2002 and he specializes in luxury living in the hottest New York Metro area communities including the prestigious New Jersey Hudson River waterfront areas of Hoboken, Jersey City, Bayonne, Union City, Weehawken, West New York, Guttenberg, North Bergen, Cliffside Park, Edgewater, and Fort Lee. Walter's mission, desire, and goal is to assist all parties in accomplishing their real estate goals, as well as to empower his clients through exceptional service, creating extraordinary results. Having been mentored by several of the top 100 Realtors and Developers in the United States and Canada, he graduated from Rowan University and currently resides in Hoboken. Walter is part of Weichert Realtors, the largest privately owned real estate firm in the world. NJAR Circle of Excellence Sales Award, 2009, 2010, 2011. Google

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