Location Location Location
We’ve had quite a bit of discussion on this board about location. As I mentioned in a comment, I thought it would be interesting to see what has sold this year, and where it those condo units are located in Hoboken.
So here you go – Part 1 of the analysis. The map will show 1 br condos that sold for up to $345,000 (red dots) and 2 brs that sold for up to $499,000 (green dots) that have closed since January 1 this year. I chose those price cut-offs as I believe they represent the lower priced 1 brs and 2 or more brs.
In a few days, I’ll add the more expensive units (1 brs over $345,000 and 2brs over $499,000). For now, it is interesting to see where they cluster.
To me, it looks like the 1 brs are located in the southwest section of town and along Washington and upper Park and 14th Street. My explanation for this would be that either that is the less desirable part of town or that is where the older, less expensive housing stock is located. Perhaps it is a combination of both. The larger units tend to be scattered with the exception of the “9th Street corridor“. Again, the reason for the lack of sales in the 9th St. corridor is that this is where the more expensive, newer units with parking and elevators tend to be located. Draw your own conclusions.
To see the map, please complete the little form below. Thanks.