Categories: Hoboken Condos
Here are the August numbers:
For 5 months in a row, on average, Hoboken condos have sold for more than the list price. Sales prices are up almost 20% over last year. That is not a typo – 20%. The average 2 Bedroom Hoboken condo goes for almost $800,000. Days on market is a paltry 24 days. There is a message here – if you want to buy property in Hoboken be prepared to pay these prices. Otherwise, you are just practicing at real estate, not participating.