Categories: Hoboken Condos
Condo sales prices are on the upswing again in Hoboken. In a nutshell, if you want a 1 Bedroom, expect to pay about $500,000. A nice 2 Bedroom will run you about $800,000 and a 3 Bedroom fetches about $1,400,000. Of course, there are exceptions but you will be making a sacrifice on either location or condition. The three big factors of any purchase are price, location and condition. Price goes up with better locations and conditions. As you probably are aware, there is quite a range when it comes to condition of Hoboken properties. Location also matters as most local amenities (shops, cafes, restaurants) are located on the East side of town along Washington Street as is the PATH and Ferry. You will pay a premium to be in a better neighborhood in Hoboken and, believe me, not all Hoboken neighborhoods are created equally!
Here are the April numbers.
This chart sums up the trend pretty clearly: