Hoboken Real Estate Report – May 2011
Hoboken real estate had a killer month in May. Coincidentally, we followed the same trajectory as this time a year ago when the First Time Homebuyer Tax Credit was in its final month. There are no government incentives these days and the comparable trajectory to last year shows that the market can improve without these [...]
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 [...]
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 [...]
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 [...]
Downtown Jersey City March – Q1 Condo Report
Downtown Jersey City is 0ut-performing many urban markets in Hudson County. Luxury condos are selling quickly which is the affect of higher employment and convenience into the city. Additionally, the downtown region offers anything you could want within walking distance. Leading the way in condo sales was Crystal Point. Crystal Point, the upscale waterfront resort-style [...]
Hoboken March Report | Q1 Condo Data
Spring real estate season is in full effect. March sales were the highest so far this year in volume, but was more intriguing was the number of pending sales in March. Condos that went beyond attorney review doubled in March since January and increased 32% from just a month ago. There are currently 19 listings [...]
Hoboken Condo Report – February 2011
February was a bit slow with closed sales in Hoboken real estate. Typically this is the slow time of year as the closed sales are reflective of homes put under contract during the Thanksgiving and Christmas season, historically lower DABO months. However as Spring approaches, we are seeing a significant increase in web traffic, office [...]
Hoboken Condo Report – January 2011
2011 started a little slow for Hoboken condo sales volume. That was no surprise to anyone as January is typically the slowest month of the year. However if we look at January sales, it is likely October / November condos placed under contract. So seems like the last quarter of the year was a little [...]
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