Buyer to buyer, YES, I think so. I have been looking for MONTHS now and I finally found what I am looking for. There has been a couple of properties that I thought were good but overpriced, but they dropped in the past couple of weeks (one of them listed in Adam's Square was originally 410K, now down to 380K after three 10K price cuts, the last two of which were last week). For me it was too late, but I think finally the sellers got it.
I have to admit there is a LOT of overpriced condos in Hoboken, so my only advice as a fellow buyer to you is to keep looking, eventually you will find a condo that you like and that is at your pricepoint. and don't think you don't have options, you have plenty of them, even in a mile square town. Once you find 'IT', then make a good offer. Good luck :-)!