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Keller Williams City Life Realty

Living On The Hudson Market Newsletter – January 2014

77 Hudson Condominiums Jersey City NJ

Hoboken Real Estate Market Breakdown

  • How is the Hoboken real estate market?

Over the past year the median sales value for sold Hoboken condominiums was $538,000. That’s a 13.26% increase from January 2013. There were 49 closed condo sales in Hoboken in January, an increase of 6.8% over January 2013.

  • How much negotiating room is there?

Over the past year median list price to sales price ratio was 99%. One year ago the list price to sales price ratio was 97.6%. Properties are selling very close to their asking price. I am seeing some properties sell over asking price in a multiple bid situation.

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

The average price/sq.ft for a sold condo in Hoboken was $545. That is a 10.3% increase from one year ago.

Thinking of 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

  • How is the Downtown Jersey City real estate market?

Over the past year the median sales value for sold condos in Downtown Jersey City was $497,000. That’s a 13.7% increase from January 2013. There were 38 closed sales in January, a 5% decrease over January 2013.

  • How much negotiating room is there?

The median listing price to sales price ratio was 96.9% over the past year. One 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 over the past year was $527. That is a 16.6% increase over January 2013.

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