It’s encouraging to continue to see 10 percent increases in Hoboken condo prices over a year ago. On a per square foot basis, prices are creeping up into the 600’s and have exceeded that in the 3-bedroom category. Certainly no surprise there. Inventory remains extremely low, demand is still high for a live-able, lovable city like Hoboken. We are still competitively priced with Manhattan, which goes without saying, but also with Brooklyn and parts of Queens. What it comes down to is pretty simple. If you want to live in a place with a super easy commute to Manhattan, you are going to pay dearly for that convenience.
Here are the January numbers: