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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