1-family, 2-family, 3-family, 4-family, condos & coops under contract

February 2007 - 98

January 2007 - 64

December 2006 - 24

November 2006 - 7

 

The Real Estate market in Hoboken is heating up.  We are averaging 2-3 qualified buyer leads through Empire alone.  On the whole, properties are staying on the market for much shorter periods, and yes - they're back - bidding wars.  We're seeing properties intentionally underpriced to promote competitive bidding.  Also, there seem to be more buyers in the $1mm+ category.  Could this mean that NYC sellers are losing some of their $1500+ per square foot buyers to the little square mile across the river?  Let's see if the stats measure up to my observations in the next blog....till then.