Walter Burns
The condo real estate market in Hoboken and Jersey City performed well in January with 53 units under contract in Hoboken and 55 under contract in downtown Jersey City. Buyers continue to realize the advantages of record low interest rates.
| Description | Units Closed/Sold | Median Sales Price | Median List Price to Sales Ratio |
|---|---|---|---|
| Hoboken Condos | 40 | $565,000 | 98.7% |
| Downtown Jersey City | 37 | $455,000 | 97.8% |
How negociable are the condos for sale? Taking a look at the List Price to Sales Price Ratio above you will see that there isn’t much room for negotiating in this tight real estate market.
Now is a great time to search for your dream condo on the Hudson; my Hudson County condo buyer’s special e-Newsletter will help you avoid paying too much. If you’re thinking about selling your Hudson County condo, I’ll be happy to provide a free, no-obligation evaluation of your condo’s value.