Hoboken Market Update

Hoboken Market Update

Hoboken Market Update

Now is a great time to get a terrific deal on an undervalued piece of Hoboken real estate. With home prices down, smart buyers can make a killing and watch their investment appreciate tremendously over the next few years. The median sales price in Hoboken fell nearly 25% this year to $437,500. That number is just about two-thirds of the average listing price of $623,000, which means sellers are going to have to come down on their prices if they want to unload their properties.

Home sales in Hoboken, however, went up more than 100% this year and average price per square foot also inched up 1.5%d. This is a good indication that the market is about to pick up, and now is the time to get in. You can snag a great property at a low price and then watch it rise in value and pad your bank account. Start shopping today!

If you’re interested in exploring properties in Hoboken or elsewhere in NJ, contact your local expert Patrick Southern at (201) 232-3381 to get started today!

Read current Hoboken NJ homes news or browse current properties on the market on our Hoboken property search.

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914 Garden St Hoboken, NJ

914 Garden St Hoboken, NJ

914 Garden St Hoboken, NJ

Here is an outstanding Hoboken home with all the luxury amenities you could want in an area that boasts suburban comfort and urban convenience. Come see for yourself this outstanding three bedroom duplex in a beautifully restored brownstone in the heart of Hoboken.

This 2,350 square foot Victorian property boasts incredible details throughout, including gorgeous plaster moldings, hardwood floors throughout, pocket doors, a unique oval domed formal dining room and magnificent eleven foot ceilings. There’s a large chef’s kitchen with stainless steel appliances and granite counters that overlook the hardwood deck out back, as well as the professionally landscaped yard. You’ve got great storage as well as a top notch laundry room. This Hoboken home is so close to shops, restaurants, parks and only minutes from New York City. Don’t wait any longer, this home is going to fly off the market!

If you’re interested in exploring properties in Hoboken or elsewhere in NJ, contact your local expert Patrick Southern at (201) 232-3381 to get started today!

Read current Hoboken homes for sale news or browse current properties on the market on our Hoboken NJ listings search.

914 GARDEN ST, Hoboken, NJ 07030 (MLS # 120004944)

(all data current as of 5/19/2012)
Price $1,100,000
Beds 3
Baths 3 full baths
Home size 2,300 sq ft
Lot Size n/a
Days on Market 25
Outstanding 3 Bd duplex in beautifully restored brownstone This 2,350 sq ft Victorian duplex boasts gorgeous detailed plaster moldings, hw floors throughout , pocket doors, unique oval domed formal dining room and magnificent 11' ceilings. Large chef's kitchen with ss appliances and granite counters that overlooks hardwood deck, fully landscaped yard. Great storage and washer/dyer room, central AC. Close proximity to shops, restaurants, parks and transportation. low maintenance.5 years FREE parking.

Property Type(s): Condominium

Last Updated 5/5/2012Tract n/a
Year Built n/aCommunity Hoboken
Garage Spaces n/aCounty Hudson
Total Parking n/a Walk Score ® 94

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by AMERICAN LIVING REAL ESTATE

(view all details for MLS #120004944)

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Hoboken Market Update

Hoboken Market Update

Hoboken Market Update

Hoboken is a terrific place for real estate, and the market’s in a good spot for buyers and sellers. Right now, buyers can get a good deal on an undervalued home, as median sales prices are down 25% at $438,500, about two-thirds of the average listing price. If you buy now, you can look forward to making a killing down the road when you’re ready to sell.

On the other hand, home sales shot up 81% this year, which means sellers are able to unload their properties and people are buying. So long as you’re pricing your home at fair market value, it will likely sell within a short time. And though prices are down now, the uptick in sales is a good indication that prices will be heading up soon. So if you’ve got time to hold out, you may want to do that and rake in a higher profit.

If you’re interested in exploring properties in Hoboken or elsewhere in NJ, contact your local expert Patrick Southern at (201) 232-3381 to get started today!

Read current Hoboken NJ homes news or browse current properties on the market on our Hoboken property search.

Continue Reading »