Stay Informed on the Hudson County Condo Market

With spring comes the approach of another season: home buying season. Typically, homebuyers are highly motivated to find their dream home during the warmer months. This makes it an excellent time to try and sell your home, especially if you live in a market as highly sought-after as Hudson County.

If you’re interested in selling your Hudson County condo, you’ve come to the right place. The first step to selling your home is researching the market, so take a minute to see exactly how the Hudson County real estate market is doing.

Hoboken Real Estate Market Breakdown 

February 2018 Condominium Sales Data

Average Sales Value: $808,248
Average Price/Sq. Foot: $730.56
Total Closed Condo Sales: 46

As a comparison, the average sales value increased nearly 6.47% over February 2017, and the average price per sq. foot saw a 5.11% increase from February 2017.

In February 2018, the total closed condo sales in Hoboken increased by 17.95% from a year ago in February, 2017.

Room for negotiation: There is little room for negotiation in the Hoboken condominium real estate market. In February 2018, the average sales price to list price ratio was 100.21%, around 0.57% higher than a year ago in February 2017.

Downtown Jersey City Real Estate Market Breakdown

February 2018 Condominium Sales Data

Average Sales Value: $796.479
Average Price/Sq. Foot: $779.59
Total Closed Condo Sales: 23

As a comparison, the average sales value increased 8.78% since February 2017, and the average price per sq. foot saw a 4.73% increase from a year ago.

In February 2018, the total closed condo sales in Downtown Jersey City decreased by 46.5% from a year ago, in February 2017.

Room for negotiation: Similarly, there is little room for negotiation in the Downtown Jersey City condominium real estate market. InFebruary 2018, the average list price to sales price ratio was 99.7%, only .05% higher than last year.

Spring Fever Has Come to Hudson County

Luxury interior of a condo with small fireplace.

Now is a great time to list your Hudson County condo. Whether you live in Downtown Jersey City or Hoboken, condo values are continuing to increase. This means you could make a solid return on your investment if you list your condo today!

It isn’t hard to see why Hudson County is so popular with home buyers. This is a phenomenal place to call home.

Get a Jump Start on Your Market Research

To receive monthly updates on the state of the Hudson County real estate market, consider requesting our Living on the Hudson Sales Report. Every month, we’ll send you a market report with key information about the current state of both Hoboken and Downtown Jersey City real estate.

This includes recent sales, days on the market, and price per square feet information.

Selling Your Hudson County Condo?

Request a comparative market analysis to find the best price for your Hudson County condo! With just a little bit of information, we’ll provide you with a detailed home evaluation and the best price to list your home at in today’s market.

Whether you’re buying or selling a condo in Hudson County, my team and I have the resources and expertise to assist. We’ll do everything we can to maximize the return on your investment.