Thanks to high demand and low inventory, the market for Hudson County condominiums is hot! If you haven’t had a chance to read our May 2017 real estate market report, here’s a recap: The average sales value is $780,387 for Hoboken condos and $808,481 for Downtown Jersey City condos, with little room for negotiation in both markets. In addition, condominiums are selling over asking price; the average sales price to list price ratio is 100.41% for Hoboken condos and 100.25% for Downtown Jersey City condos.
Luxury condominiums, too, are selling for top dollar in Hudson County. Let’s take a look at which properties recently sold for the most money in the following areas.
Top Condo Sales for May 2017
Hoboken: 110 Park Ave. Unit 1; sold over ask for $2,610,000 on 5/9/17. ($815/sq. ft.)
3,201 sq. ft., 3 Bedroom, 2.5 Bath Brownstone duplex with a 644 sq. ft. private garden, keyed elevator, and parking
Downtown Jersey City: 299 Pavonia Ave., Unit 1-10, Wells Fargo Lofts; sold over ask for $1,585,000 on 5/31/17. ($529/sq. ft.)
3,000 sq. ft., 2 Bedroom, 1.5 Baths, loft styled home in historic Wells Fargo Building with a 37 ft. long entrance gallery and parking
Weehawken: 250 Henley Place, Unit 404, Henley on Hudson; sold for $1,143,000 on 5/26/17. ($747/sq. ft.)
1,529 sq. ft., 3 bedroom, 3 bath penthouse located in a private community along NJ’s Gold Coast, overlooking NYC with a gourmet kitchen, riverview terrace, and 2 car garage parking
Union City: 801 Palisade Ave., Unit 304; sold for $550,000 on 5/25/17. ($475/sq. ft.)
1,157 sq. ft., 2 bedroom, 2 bath Condo with fully appointed kitchen with with quartz counters and SS appliances, imported tile and marble baths with frameless shower enclosures, and 1 car parking space
West New York: 456 Buffalo Ct., Jacob’s Ferry; sold for $1,068,000 on 5/20/17. ($464/sq. ft.)
2,300 sq. ft., 3 bedroom, 3.5 bath duplex; custom kitchen with viking appliances, granite countertops, and island which opens to large family room with Bose surround system, stone fireplace, moulding with LED lighting and a wet bar; 2 car parking with tiled floor garage
North Bergen: 7400 River Rd., Views at Hudson Pointe; sold for $680,000 on 5/10/17. ($449/sq. ft.)
3 bedrooms, 2 baths, 1,513 sq.ft. condo with direct East views of the Hudson River & NYC skyline has deeded parking for 1 plus an additional “floating” space
Guttenberg: 109 Abbie Ct., Unit 109, Bull’s Ferry; sold for $659,000 on 5/24/17. ($394/sq. ft.)
1,764 sq. ft., 2 bedroom, 2.5 bath townhouse with single car garage in a community with two pools with jacuzzis, tot lot, scenic waterfront promenade, and shuttle to ferry
Bayonne: 4 Boatworks Dr., Unit 4, The Boatworks; sold for $370,000 on 5/2/17. ($193/sq. ft.)
1,925 sq. ft., 2 bedroom, 2.5 bath triplex with community pool and marina. Close to Light Rail with access to PATH train to NYC; buses to Exchange Place, Journal Square, and Port Authority
Secaucus: 369 Sandcastle Key, Harmon Cove; sold for $450,000 on 5/15/17. ($252/sq. ft.)
1,780 sq. ft., 3 bedroom, 2.5 bath Townhouse with open floor plan, wood-burning fireplace, and large deck; community features a pool, tennis courts, marina, cafe, club house, and NYC transportation on site
Edgewater: 1230 River Road A; sold for $1,699,000 on 5/15/17. ($354/sq. ft.)
4,800 sq. ft., 4 bedroom, 4.5 bath new construction townhouse with open concept floorplan, Profession grade appliances in the open concept kitchen, floor to ceiling marble master bath, and a top floor media room with wet bar leading to a roof deck overlooking the Hudson river and NYC
Data Source: Hudson County Multiple Listing Service.
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