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Keller Williams City Life Realty

Living On The Hudson Market Newsletter – November 2013

Hoboken Real Estate Market Breakdown

  • How is the market in Hoboken? One World Trade Center
The median sales value for Hoboken condominiums sold in 2013 is $545,000. That’s a 17.20% increase from October 2012. Year to date there have been 861 condo sales in Hoboken. That is a 33% increase over last year.
  • How much negotiating room is there?
The median list price to sales price ratio was 99.27%. The majority of Hoboken condo sellers are receiving offers very close to their asking price and in some cases over their asking price.
  • What is the average price per square foot of a condo in Hoboken?
The average price/sq.ft in Hoboken is currently $541. That is a 11.31% increase over October 2012.Track the market is various Hoboken condo buildings. Sign up for the Hoboken Condo Report.

Downtown Jersey City Real Estate Market Breakdown

  • How is the market in Downtown Jersey City?

The median sales value for Downtown Jersey City condominiums sold in 2013 is $490,000. That’s a16.66% increase from October 2012. Year to date there have been 570 condo sales in Downtown Jersey City. That is a 54.4% increase over last year.

  • How much negotiating room is there?

The median last listing price to sales price ratio was 98.1%. Condos in Downtown Jersey City are still selling pretty close to the asking price.

  • What is the average price per square foot of a condo in Downtown Jersey City?

The average price/sq.ft. in Downtown Jersey City is currently $508. That is a 13.97% increase over October 2012.

Track the market in various Downtown Jersey City condo buildings. Sign up for the Jersey City Condo Market Report.

Additional Hudson Gold Coast Communities

  • How is the market in other Hudson River waterfront cities like Weehawken, West New York, North Bergen, Guttenberg, & Edgewater?

The amount of sales in those areas is significantly less than in Hoboken & Downtown Jersey City. The data pool is too small to provide accurate information. If you have specific questions about the market in your neighborhood, please contact me and I will be happy to assist you further.

Data Source: Hudson County Multiple Listing Service

Selling My Hudson County Condo

If you’re planning to sell your Hudson County home soon, you’re on the right track. Researching the real estate market is always a good start. Find out how much your Hudson County condo is worth. Contact Walter today. Call 347-448-3766.