How is the Hudson County Condominium Real Estate Market?

Whether you are buying a Hudson County condo or are considering selling your property, researching recent Hudson County condo sales is the best place to start. In Hoboken and Downtown Jersey City, sales values have increased over this time last year. What does this mean for your investment?

Let’s take a look at the most recent Hudson County real estate sales data.

Hoboken Real Estate Market Breakdown

September 2016 Condominium Sales Data

Average Sales Value: $729,081
Average Price/Sq. Foot: $680
Total Closed Condo Sales: 84

Sept. 2016 sales data for Hoboken, NJ

As a comparison over September 2015, there was a nearly 7.6% increase in the average sales value and a 4.5% increase in the average price per sq. foot for Hoboken condominiums in September 2016.

16 fewer Hoboken condos sold last month than in the previous year — there were 84 closed condo sales in September 2016 compared with 100 closed condo sales in September 2015.

Room for negotiation: There is little room for negotiation in the Hoboken condominium real estate market. In September 2016, the average sales price to list price ratio was 99.7%. In September 2015, the average sales price to list price ratio was 99.4%.

Want to access the most up-to-date Hudson County condo sales information, including recent sales, days on the market info, and price/sq.ft. data? Request the Living On The Hudson Condo Sales Report for your desired condominium buildings.

Downtown Jersey City Real Estate Market Breakdown

September 2016 Condominium Sales Data

Average Sales Value: $718,255
Average Price/Sq. Foot: $726
Total Closed Condo Sales: 55

Downtown Jersey City sales, September 2016

As a comparison over September 2015, there was an 11.2% increase in the average sales value and a 13.6% increase in the average price per sq. foot for Downtown Jersey City condominiums in September 2016.

16 fewer Downtown Jersey City condos sold last month than in the previous year — there were 55 closed condo sales in September 2016 compared with 71 closed condo sales in September 2015.

Room for negotiation: Similarly, there is little room for negotiation in the Downtown Jersey City condominium real estate market. In September 2016, the average sales price to list price ratio was 99.7%, which is the same from a year ago.

Want to know how much your Hudson County condo is worth in today’s market? Request a Comparative Market Analysis today or sign up for a confidential phone review. If you are considering selling your condominium, contact meWalter Burns, and my team and I will do everything we can to maximize your investment.

Interested in a Hudson County Condo?

Be the first to hear about new condos on the market in the Hudson County area. Create your personal Property Organizer, browse the Luxury Condo Gallery, and save alerts for your favorite Hudson County condominium buildings.

Thinking About Moving to the Suburbs Instead?

My new website MovingToTheSuburbs.com focuses on the top suburban towns. My team can now assist you in Union, Essex, and Bergen County. Visit my new website to learn more about New Jersey suburban life and search for available homes.

Walter Burns' new website, Moving To The Suburbs

Leave a Reply

Your email address will not be published. Required fields are marked *