Hoboken Real Estate - As Of Wednesday, March 5th:
Studio & One Bedroom Condos:
Total Active: 137 Under Contract (Dabo'd): 58
Sold (Deals Closed) This Week: 5 Average Sold Price: $425,199
New Listings This Week: 19
Two Bedroom Condos:
Total Active: 210
READ THE REST AT: hobokenrealestatenews.com
The NY Daily News reported that that NY Yankee, Alex Rodriguez, has just closed on a $2 Million deal at the Hudson Tea building. According to earlier rumors, however, A-Rod supposedly was under contract for two penthouse units at 1025 Maxwell Lane. That is the completed building at Maxwell Place (another Toll Brothers luxury development). The top floor of Maxwell Place has extra high ceilings and his units, which were to be combined into one, face due east with a panoramic view of the Manhattan skyline.
Either the Daily News got it wrong or
READ THE REST HERE: hobokenrealestatenews.com
During the same period there were 473 sales of downtown JC condos. That's about 39.4 per month. At the end of last month there were 303 active properties. So there is about a 7.7 month supply of condo inventory in downtown JC. Again, that does not include any new construction. So it's 5.9 vs. 7.7. That, together with an understanding of where the most new construction is happening, may help you decide where to put your money if you're buying and what to expect if you are trying to sell your condo.
Read about the Hoboken and Jersey City markets at: hobokenrealestatenews.com
The Turoff Realty Team provides service beyond the ordinary. I'm a JD & MBA and Howard's a CPA w/ 25+ yrs Wall St. As Realtors, you can trust us to handle all your RE needs. hobokensbesthomes.com
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