Yearley, in a call with analysts, said a couple lunched while they mulled which of two units to buy at one of Toll's condo towers. The units were gone when the couple returned an hour later.
“People feel like now is the time to buy and they aren’t isolated to one building in Hoboken,” Yearley said.
That story runs counter to another from the New Jersey city on Bloomberg. Jon Corzine, the former chairman of MF Global Holdings, sold his 2,400-square-foot condo in Hoboken for $2.8 million, or 14% less than what he paid in 2008.