Hoboken & Jersey City Condo Market Experiencing Low Inventory

If you have been searching for a Hoboken condo for sale, it’s apparent the Hudson River NJ condo inventory is incredibly low. How can we tell? Look at the YTD real estate sales numbers for some of the top performing condo buildings in Hoboken, and Jersey City:

Current Sales Data for the Crystal Point Condominiums For the period 01/01/2014 to 05/15/2014

  • Number of units sold: 1
  • Average sales price: $1,665,000
  • Average sales price per square foot: $1,212
  • Lowest price sale: $1,665,000 (Crystal Point 2 2nd St Unit 3803 Sold on 2/18/2014 )
  • Highest price sale: $1,665,000 (Crystal Point 2 2nd St Unit 3803 Sold on 2/18/2014  )

Current Sales Data for 77 Hudson Condominiums For the period 01/01/2014 to 05/15/2014

  • Number of units sold: 14
  • Average sales price: $1,048,921
  • Average sales price per square foot: $950
  • Lowest price sale: $440,000 (77 Hudson st Unit 2601 sold 3/17/2014)
  • Highest price sale: $2,690,000 (77 Hudson st Unit 4404 sold 1/16/2014)

Current Sales Data for Maxwell Place Condominiums For the period 01/01/2014 to 05/15/2014

  • Number of units sold: 14
  • Average sales price: $931,535
  • Average sales price per square foot: $753
  • Lowest price sale: $545,000 (1025 Maxwell Unit 1115 Sold on 3/4/2014)
  • Highest price sale: $1,550,000 (1125 Maxwell Unit 1111 Sold on 5/12/2014)

Current Sales Data for 2 Constitution Court Condominiums For the period 01/01/2014 to 05/15/2014

  • Number of units sold: 2
  • Average sales price: $808,904
  • Average sales price per square foot: $678
  • Lowest price sale:$787,809 (2 Constitution Ct Unit 809 Sold on 3/31/2014)
  • Highest price sale:$830,000 (2 Constitution Ct Unit 1006 Sold on 3/31/2014)

Test The Market For Buyer Interest First!exclusive-sale-with-living-on-the-hudson

With our LOTH Exclusive Private Sale, it allows you to test the market without feeling the pressure of keeping your Hoboken or Jersey City condo ready to show at a moment’s notice. PLUS – LOTH condo buyers are vetted so a match is more likely to occur.

Now You Can Explore The Opportunity To Command A Higher Price

Many of our high-profile clients prefer to buy in the private market situation. In return for this exclusive sale access before the rest of the buying public, higher prices often occur.

Marketing Your Hudson River Condo for Top Dollar

As this data reflects, condo units in the lower price points do have stronger sales numbers. But because all price points are in short supply, units are selling quickly. As the LOTH website attracts thousands of  condo buyers each month, we offer a new exclusive marketing tool to offer your condo via “private exclusive sale”. To review how to leverage this new seller tool and get top dollar for your condo, view this new exclusive marketing tool here.

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

2 Constitution Court, 77 Hudson, Condo Selling, Crystal Point, Hoboken Condos, Hoboken Condos Market Update, Maxwell Place

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