Walter Burns
Real estate trends and sales data tend to fluctuate and change on a regular basis. If you’re thinking of getting involved in Hudson County real estate — whether you’re a buyer, seller, or investor — then knowing the latest market info is vital to your success.
The Hudson County area is highly sought-after, so the market is always buzzing, active, and prime for your buying, selling, and investing needs. Take a look below to find out how the market trends break down for the month of December.
Hoboken Real Estate Market Breakdown
December 2018 Condominium Sales Data
Average Sales Value: $740,000
Average Price/Sq. Foot: $737
Total Closed Condo Sales: 48
As a comparison, the average sales value increased nearly 2.07% over December 2017, and the average price per sq. foot saw a .09% increase from December 2017.
In December 2018, the total closed condo sales in Hoboken decreased by 23% from a year ago, in December 2017.
Room for negotiation: There is little room for negotiation in the Hoboken condominium real estate market. In December 2018, the average sales price to list price ratio was 98.8%.
Downtown Jersey City Real Estate Market Breakdown
December 2018 Condominium Sales Data
Average Sales Value: $730,000
Average Price/Sq. Foot: $772
Total Closed Condo Sales: 35
As a comparison, the average sales value decreased .069% since December 2017, and the average price per sq. foot saw a 1.08% decrease from a year ago.
In December 2018, the total closed condo sales in Downtown Jersey City decreased by 37.5% from a year ago, in December 2017.
Room for negotiation: Similarly, there is little room for negotiation in the Downtown Jersey City condominium real estate market. In December 2018, the average list price to sales price ratio was 98.3%.
Stay Up-to-Date on Hudson County Real Estate
Are you a buyer looking for your dream home? An investor looking to make a big profit? Or a seller trying to get the top price for you home? Whatever your real estate goal is in Hudson County, knowing the ins and outs of the local trends makes a major difference in your success.
Details like the average sales value and how much room there is for negotiation can put you a step ahead of other buyers and sellers — which is vital in an active market like Hudson County. In addition to checking out these statistics, we also recommend browsing the Living on the Hudson Sales Report for more Hudson County real estate information.
Enjoy exclusive access to all things Hudson County real estate when you subscribe to both of these reports.When you have this crucial data on your side, you’ll be prepared to take advantage of all that the Hudson County market has to offer.
Ready to Get Started?
Waterfront homes with expansive views of the city, stunning architectural estates, chic single-bedroom lofts — all of these options and more await you in Hudson County. Don’t miss out on your chance to experience all of the rewards that this exciting market brings!
Looking for local experts to help you sell your Hudson County home? Let my team help you list it on the market. By using resources like our comparative market analysis and neighborhood sold reports, we’ll accurately and competitively price your home to sell.
If you still have questions, don’t worry — call your local experts at Living on the Hudson. We’re ready to answer any and every questions you may have throughout your real estate journey.