NJ: Condo Market Starting to Thaw?

Gay New Jersey Real EstateLAST month a few strong blips indicated a quickening pulse on the New Jersey condominium market. Or maybe just a pulse.

There were 15 sales in four weeks at one building in Jersey City, 6 at another, 5 at a Hoboken building where sales had been lagging — even a premarketing sale at a town house development in Livingston. Portents of a spring revival? Or a mere minitrend that will melt with the last of the snow?

“Ha! That’s the $64 million question, now isn’t it?” said Dean Geibel, the chief executive of Metro Homes, who described February as the best month in two years for his two buildings — Gulls Cove in Jersey City and Metro Stop in Hoboken.

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Full Story from the NY Times

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