The August Sales Results
I’ve had quite a few people ask me if I’ve seen any affect of the recent turmoil in the financial markets on the Hoboken real estate market. In all honesty, I have not. There have not been any buyers trying to get out of deals or sellers drastically reducing their asking prices for fear that the market is crashing. Things have been pretty much the same as they have been all summer. Now that Labor Day is over, I expect activity to actually pick up a bit.
There have been a ridiculous number of multiple offers for available rental units. Just this Sunday, the New York Times actually wrote about how New Jersey rentals have been “flying off the shelves”. It will be interesting to see how this all plays out.