Hoboken’s Neighbor Has Had a Jump in Sales

According to a recent Bloomberg report, The second quarter of this year showsManhattan apartment sales with an 80 percent increase in sales when compared to last year’s figures. This is the highest sales have been since 2008.

Currently, the average price per square foot has held steady at $1,051 but the median apartment price jumped up 7.6 percent to $899,000.

Experts feel the increase is due to better unemployment rates in New York, particularly in the finance industry, which added 6,800 jobs from the end of February through May. Low mortgage interest rates and relatively low Manhattan real estate prices have also been a factor in the increase in sales.

For more great reasons to buy a Hoboken home in 2010, please click on The Best Time to Buy a Home is Now!

If you have been patiently waiting to buy a Hoboken home, now is the time to do it. All of the key factors are in place to ensure that your home purchase will be a major, positive life changing event. With low mortgage rates now available,  this is the opportunity you have been waiting for. Make 2010 the year you purchase your dream home. For more information contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, Jersey City, Weehawken and Union City.  Eddie can also be reached by phone at 201-344-2886.

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