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Friday, November 06, 2009

Prices Rising in Hoboken

Prices have stabilized in the last few months in Hoboken, NJ. We have seen an uptick in prices for the month of October. Mostly the homes consist of renovated condos or need to be renovated multi families especially in the uptown section from garden to clinton.

The value to risk ratio is in investors and first time home buyers favor. Supply and demand hasn't changed here and the land isn't growing, we are still one square mile. The point being if there is a time to buy its now, appreciation rates might start within one year from now. No one has a crystal ball, but we do have eyes and can see a trend coming.

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