Looking to take the plunge and invest in the Hudson County real estate market? Whether you’re buying or selling, you’ll want to keep up with all the trends in this competitive area. Although it might seem difficult to find all the right numbers, we’re here to make things easier for you.
The Living on the Hudson Team is proud to give you monthly updates with all the stats you need to know to make the right real estate decisions. We’ve compiled everything straight from the MLS for your convenience, so you won’t have to waste any time sifting through data yourself.
Want to learn how condo sales changed during September? Here are all the details you should know.
Hoboken Real Estate Breakdown
September 2019 Sales Data
Average Price/Sq. Foot: $719
Total Closed Condo Sales: 54
Since September 2018, the median sales value decreased 2.9%, and the average price per sq. foot saw a 2.1% decrease.
Room for Negotiation: There is little room for negotiation when it comes to condominiums in the Hoboken area. In September, the average sales price to list price ratio was 97.9%, which is 1.3% lower than last year.
Downtown Jersey City Real Estate Breakdown
September 2019 Sales Data
Average Price/Sq. Foot: $747
Total Closed Condo Sales: 49
In the past year, we’ve seen the median sales value decrease by only 1.6%, while the average price per sq. foot saw a 4.5% decrease.
Room for Negotiation: Similarly, there is little room for negotiation in the Downtown Jersey City condominium real estate market. In September 2019, the average list price to sales price ratio was 98.2%, which is only .6% lower than last year.
Invest in Hudson County Real Estate
Although we’re experiencing a bit of a decrease in the market, September marks the beginning of a slower season for real estate. This is an expected shift, and numbers largely remained the same compared to last year. However, if you’re thinking about buying or selling your Hudson County condo, you shouldn’t hesitate for much longer. The Hudson County market is still extremely competitive, even during the off-season, and inventory is moving quite rapidly. Mortgage rates are still lower than ever before, which gives buyers more motivation to make a move, while low inventory gives sellers a competitive edge.
Even if you aren’t buying or selling soon, it’s crucial to stay on top of all the latest Hudson County real estate trends. Want a concise way to learn about the ever-changing stats? The Living on the Hudson Team is proud to give provide monthly reports, allowing you to track the market with ease. You can compare the numbers yourself or give us a call—we’re here to help you make the best choice for you and your family.
Your All-In-One Hudson County Real Estate Market Resource
Want to gain a competitive edge for taking the plunge into the hot Hudson County market? Let the Living on the Hudson Team be your guide. We have comprehensive market tools so you can find everything in one place. Be sure to explore our other blog posts, including our breakdowns of the top-selling condos in September.
Ready to finally find your dream condo? We have a specialized search tool that will help you find what you’re looking for—it’s the best way to search by features, neighborhoods, and more. Our buying resources also offer plenty of tips, especially if you’re a first-time Hudson buyer.
Ready to make a move? Trust the Living on the Hudson Team to exceed your expectations every time. Feel free to reach out in the comments or give us a call at 347-448-3766. We’re here for you whenever you decide to take your next steps.