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Keller Williams City Life Realty

Living On The Hudson Market Newsletter – February 2014

1450 Washington St. Hoboken Roof Terrace

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 $540,000. That’s a 8% increase from February 2013. There were 51 closed condo sales in Hoboken in February, an increase of 35% over February 2013.

  • How much negotiating room is there?

Over the past year median list price to sales price ratio was 99.2%. One year ago the list price to sales price ratio was 98.4%. Properties are selling very close to their asking price. I am seeing many properties sell over asking price when there are multiple offers.

  • 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 $549. That is a 5.1% 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 Skyline

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 $498,000. That’s a 12.4% increase from February 2013. There were 41 closed sales in February, a 36.6% increase over February 2013.

  • How much negotiating room is there?

The median listing price to sales price ratio was 97% over the past year. This is the same from 1 year ago.

  • 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 $531. That is a 16.5% increase over February 2013.

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