Walter Burns
Whether you are buying a Hudson County condo or are considering selling your property, researching recent Hudson County condo sales is the best place to start. In Hoboken and Downtown Jersey City, sales values have increased over this time last year. What does this mean for your investment?
Let’s take a look at the most recent Hudson County real estate sales data.
Hoboken Real Estate Market Breakdown
September 2016 Condominium Sales Data
Average Sales Value: $729,081
Average Price/Sq. Foot: $680
Total Closed Condo Sales: 84
As a comparison over September 2015, there was a nearly 7.6% increase in the average sales value and a 4.5% increase in the average price per sq. foot for Hoboken condominiums in September 2016.
16 fewer Hoboken condos sold last month than in the previous year — there were 84 closed condo sales in September 2016 compared with 100 closed condo sales in September 2015.
Room for negotiation: There is little room for negotiation in the Hoboken condominium real estate market. In September 2016, the average sales price to list price ratio was 99.7%. In September 2015, the average sales price to list price ratio was 99.4%.
Want to access the most up-to-date Hudson County condo sales information, including recent sales, days on the market info, and price/sq.ft. data? Request the Living On The Hudson Condo Sales Report for your desired condominium buildings.
Downtown Jersey City Real Estate Market Breakdown
September 2016 Condominium Sales Data
Average Sales Value: $718,255
Average Price/Sq. Foot: $726
Total Closed Condo Sales: 55
As a comparison over September 2015, there was an 11.2% increase in the average sales value and a 13.6% increase in the average price per sq. foot for Downtown Jersey City condominiums in September 2016.
16 fewer Downtown Jersey City condos sold last month than in the previous year — there were 55 closed condo sales in September 2016 compared with 71 closed condo sales in September 2015.
Room for negotiation: Similarly, there is little room for negotiation in the Downtown Jersey City condominium real estate market. In September 2016, the average sales price to list price ratio was 99.7%, which is the same from a year ago.
Want to know how much your Hudson County condo is worth in today’s market? Request a Comparative Market Analysis today or sign up for a confidential phone review. If you are considering selling your condominium, contact me, Walter Burns, and my team and I will do everything we can to maximize your investment.
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