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Hudson County NJ Real Estate Year in Review 2013

Hoboken Real Estate Market Breakdown

Hoboken Brownstones Hoboken NJ

  • How was the Hoboken real estate market in 2013?

The median sales value for Hoboken condominiums sold in 2013 was $540,000. That’s a 14.89% increase from 2012. There were 1,019 condo sales in Hoboken in 2013, an increase of 35.86% over 2012.

  • How much negotiating room was there?

In 2013 the median list price to sales price ratio was 99.1%. 1 year ago the list price to sales price ratio was 97.6%. Properties are selling closer to their asking price.

  • What is the average price per square foot of a condo in Hoboken?

The average price/sq.ft for a Hoboken condo in 2013 was $544. That is a 11% increase over 2012.

Selling Your 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.

Downtown Jersey City Real Estate Market Breakdown

Downtown Jersey City Condos

  • How was the Downtown Jersey City real estate market in 2013?

The median sales value for Downtown Jersey City condominiums sold in 2013 is $492,000. That’s a 9.55% increase from 2012. In 2013 there were 687 condo sales in Downtown Jersey City. That is a 47% increase over 2012.

  • How much negotiating room was there?

The median last listing price to sales price ratio was 96.8%. 1 year ago the list price to sales price ratio was 97.1%.

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

The average price/sq.ft. in Downtown Jersey City for 2013 was $528. That is a 14.49% increase over 2012.

Additional Hudson Gold Coast Communities

  • How was the market in other Hudson River waterfront cities like Weehawken, West New York, North Bergen, Guttenberg, & Edgewater in 2013?

Due to great variations in values in these communities it is difficult to ascertain an accurate % increase or decrease in these areas. If you have questions about your specific property, it is best to contact me directly and I can provide up to date sales information for your immediate neighborhood or condo complex.

Weehawken: 60 condo sales. Medium sales price: $581,500.

Union City: 72 condo sales. Medium sales price: $246,500.

West New York: 113 condo sales. Medium sales price: $445,000.

North Bergen: 107 condo sales. Medium sales price: $222,500.

Guttenberg: 66 condo sales. Medium sales price: $223,250.

Edgewater: 187 condos sales. Medium sales price: $463,000.

****Data Source: Hudson County Multiple Listing Service.

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