Walter Burns
Planning on buying or selling a condo in Hudson County? Staying on top of recent market trends is crucial to a successful transaction. In order to aid you in your market research, we created a report with access to the latest statistics and sales data for condos in the area.
Knowing what the numbers and local economy look like plays a key role in your decision to buy or sell property. In an effort to make your real estate journey as successful as possible, we’ve gathered the data and broken down the results for the month of September below.
Hoboken Real Estate Market Breakdown
September 2018 Condominium Sales Data
Average Sales Value: $849,309
Average Price/Sq. Foot: $740
Total Closed Condo Sales: 69
As a comparison, the average sales value increased 6.43% over September 2017, and the average price per sq. foot saw a 1.43% increase from September 2017.
In September 2018, the total closed condo sales in Hoboken decreased by 8% from a year ago, in September 2017.
Room for negotiation: There is a little more room for negotiation in the Hoboken condominium real estate market. In September 2018, the average sales price to list price ratio was 97.96%, around 1.42% lower than a year ago in September 2017.
Downtown Jersey City Real Estate Market Breakdown
September 2018 Condominium Sales Data
Average Sales Value: $781,208
Average Price/Sq. Foot: $777
Total Closed Condo Sales: 49
As a comparison, the average sales value decreased 2.67% since September 2017, and the average price per sq. foot was about the same from a year ago.
In September 2018, the total closed condo sales in Downtown Jersey City decreased by 24.62% from a year ago, in September 2017.
Room for negotiation: Similarly, there is a little more room for negotiation in the Downtown Jersey City condominium real estate market than in September 2017. In September 2018, the average list price to sales price ratio was 98.52%.
Stay in the Know
Whether you’re an investor, casual seller, or serious buyer, if you’re involved in the Hudson County real estate market, staying up to date with the latest trends is the key to success. Local sales and prices can change greatly from month-to-month. Keeping up with the data is crucial to being involved in the market.
Hudson County is a highly-sought after market. Staying in the know with the numbers can put you a step ahead of competitors. For those of you looking to immerse yourself in the Hudson County real estate market, we highly recommend subscribing to the monthly Living on the Hudson Sales Report.
By subscribing to the report, you’ll have exclusive access to the data and statistics that my team and I calculate every month. With this information, you’ll be ready to face the market head-on.
Your Ideal Time
If you’ve been considering getting involved with the Hudson County real estate market, there’s never a better time than the present. Whether you’re looking for your next home or for your next investment opportunity, find everything you need within the active market in Hoboken and Jersey City.
Are you looking to sell your Hoboken Condo? Let my team help you list it on the market. In order to maximize the return on your investment, make sure you request a comparative market analysis for your condo.
Don’t forget to contact us with any questions during your journey into the world of real estate.