Monday, September 23, 2013

Price Per Square Foot by Bedroom from Q1 2006 to Q3 2013

This is the chart that everyone likes.  It shows the price per square foot by neighborhood for Hoboken overall. Click on the graph for a larger view.

Notice how prices for 1, 2 and 3 bedroom condos are all going up since Q1 2012.  Trend is same for 1, 2 and 3 bedroom properties with small increase or decrease in prices during the period. The great thing about this graph is it puts the weekly and monthly observations into a broader perspective.  The trend is clear that prices are going up.  Trend line for studios and 4 bedroom fluctuates greatly due to low overall units in this category. 

Will the trend continue??