Walter Burns
The Hudson County condominium real estate market continues to be competitive. If you missed our latest market update for March 2017, here’s a quick recap: The average sales value for Hoboken condos is $759,560 (a 6.8% increase over March 2016) and the average sales value for Downtown Jersey City condos is $738,759 (a 6.3% increase over March 2016). There is little room for negotiation in today’s market, as the average sales price to list price ratio is 99.7% for Hoboken condos and 99.8% for Downtown Jersey City condos.
High demand and low supply for properties is leading to an increase in sales values in Hudson County. To see how the market impacts sales for more luxurious properties, let’s take a look at the most recent top-dollar sales in the area.
Top Condo Sales for March 2017
Hoboken: 126 Bloomfield St. Unit 2; sold for $2,375,000 on 3/31/17. ($880/sq. ft.)
5 bedrooms, 3 baths, 2,700 sq.ft. new construction upper duplex layout with private elevator & roof deck
Gulls Cove in Downtown Jersey City, NJ
Downtown Jersey City: 201 Marin Blvd. Unit PH8, Gulls Cove; sold for $2,080,000 on 3/17/17. ($990/sq. ft.)
3 bedrooms, 2 baths, 2,100 sq.ft. corner layout with 1,800 sq.ft. private roof deck & NYC views
Weehawken: 81-83 Highwood; sold for $750,000 on 3/15/17. ($416/sq. ft.)
3 bedrooms, 3.5 baths, 1,803 sq.ft. duplex layout with 2 car parking
Union City: 1620 Manhattan Ave. Unit C6; sold for $800,000 on 3/15/17. ($190/sq. ft.)
4 bedrooms, 2 baths, 4,224 sq.ft. loft layout with NYC views
West New York: 24 Avenue at Port Imperial Unit 438, Hudson Club; sold for $690,000 on 3/27/17. ($536/sq. ft.)
2 bedrooms + Loft, 2 baths, 1,287 sq.ft. duplex layout with partial NYC views & 1 car parking
Roc Harbour in North Bergen, NJ
North Bergen: 14A Riverview Circle, Roc Harbour; sold for $520,000 on 3/29/17. ($325/sq. ft.)
2 bedrooms, 2 baths, 1,600 sq.ft. layout with Hudson River & NYC views
Guttenberg: 58 Lydia Drive, Bulls Ferry; sold for $637,000 on 3/24/17. ($430/sq. ft.)
2 bedrooms, 2.5 baths, 1,482 sq.ft. duplex layout with Hudson River & NYC views
Bayonne: 30 Boatworks Drive; sold for $290,000 on 3/10/17. ($163/sq. ft.)
4 bedrooms, 2.5 baths, 1,775 sq.ft. town-house layout with 2 car parking
Secaucus: 90 Osprey Court; sold for $635,000 on 3/31/17. ($268/sq. ft.)
4 bedrooms, 3.5 baths, 2,369 sq.ft. layout with 3 car parking
Edgewater: 1220 River Road Unit B; sold for $1,550,000 on 3/3/17. ($624/sq. ft.)
4 bedrooms, 4 full baths, 2 half baths, 2,483 sq.ft. town-house layout with NYC views
Data Source: Hudson County Multiple Listing Service.
Eager to Earn Top Dollar for Your Own Condo?
Does your unit have many of the same features as these highest-selling condominiums? My team and I can help you sell your Hudson County condo quickly and for the most money possible. Find out the value of your property in today’s market, and list with us to get the results you’re looking for.
Easily Find Your Next Investment in Hudson County
If you’re considering purchasing a Hudson County condo, I have provided easy-to-use search options to help you find the best property. Easily search by price, number of bedrooms, or unique features such as pre-construction condominiums or a Manhattan view. In a matter of weeks, you can be enjoying the breathtaking skyline from the comfort of your new home. But act now — these properties are never available for long!
Contact me, Walter Burns, and let’s discuss your real estate goals.