Montclair Real Estate Report – May 2011
The NY Metro Suburb of Montclair had a great sales month in May for Single Family Homes, however inventory remains slightly high. What stuck out to me most this year, however is the trend of sales from 2009 (shown in line graph below). Beginning in the Spring season, which is typically March, sales begin to [...]
Apartment Complex Investors – Multi Family Residential
May 9, 2011 by admin
Filed under Blog, Condo Buildings, Income Property
As the Northern New Jersey housing market works into its final stages of finding the bottom in many sub-markets, more and more demand for rental units continue to heat up. Challenging home financing requirements, foreclosed / short sale homeowners who are pretty much forced to rent, and preference of lowering personal living expenses are just [...]
Ridgewood April 2011 Housing Market Update
While Ridgewood NJ real estate was enjoying the bragging rights to high demand and low inventory as nearly every other submarket struggled with high inventory levels, the pattern has shifted a bit. While inventory levels are falling in many areas, Ridgewood is experiencing a growing amount of new listings, however the monthly sales pace is [...]
Downtown Jersey City Condo Report – April 2011
Year to date, the biggest news in Downtown Jersey City is the fact that Crystal Point has sold more than 30 units during the first quarter of 2011. Averaging 10 sales per month in a building like this suggests realistic pricing and favorable operating expenses along with its superior location. More than 80% of the [...]
Hoboken Condo Report – April 2011
The Hoboken real estate market is continuing to outperform other urban markets. The improving job market combined with low prices and interest rates are fueling the drive. A clear indication that the market is doing well is the rate of absorption. The rate of absorption is the amount of time in months it would take [...]
Hoboken Condo Sales Price / SF Report
In addition to the monthly and quarterly sales reports on the Hoboken condo market, I am always curious to know what the sales price per square foot is in any given real estate market. This, in my opinion gives a better indication on what your money buys and how much the market has gained or [...]
JP Morgan Chase earnings soar – Mortgage Losses High
JP Morgan Chase, the second largest bank in the world as far as assets, earned $5.6 billion during Q1 2011 which boosted shares up to $1.28, exceeding 28 analysts expectations of $1.15. These earnings are up 67% from the $3.3 billion earned during this period a year ago. Earnings are up 15% since Q4 2010. [...]
Jersey City’s Montgomery Gardens to be revitalized
Great news for Beacon owners! Jersey City was one of the 17 communities selected from 119 applying nationwide for federal real estate aide. Under President Obama’s “Choice Neighborhoods” Initiative” which encourages public and private institutions to work together to further development- including market-rate and “work force” housing, retail and commercial space, and schools – in [...]
NJ Real Estate Investment Club – COMING SOON
After many requests, we are going to launch a cutting edge Real Estate Investment Club and hold monthly gatherings. The name of the investment club will not be determined for a few days, but all members of the public are welcome. The first 20 members will be admitted FREE for the first year. We are [...]
Montclair NJ Real Estate Report | March 2011
April 11, 2011 by admin
Filed under Essex, NJ Suburbs
A very slow month in sales volume for Montclair. March sales are likely indicative of the December / January weather that kept many potential buyers indoors. Record cold and tons of snow dampened the housing market. So there is no way to sugarcoat it, Montclair simply had a terrible month in March! Spring buying season [...]
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