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 [...]
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 [...]
Hoboken December Condo | End of Year Report
Happy New Year! It’s time to look at the year in review on Hoboken real estate, specifically the condo market. We’ve been saying since Q1 2010 that the overall Hoboken condo market will come down about 1% per month until the end of the winter of 2011. So far we are pretty much on track, [...]
Jersey City Condo Report | November 2010
As we wind down toward the end of the year we are getting a more clear picture of the Jersey City condo market. As usual, we break our report down into 2 sections. We isolate Downtown in its own sub-market, then we take the rest of Jersey City condos into a separate category. This is [...]
Hoboken Real Estate Report | November 2010
So the recent Case-Shiller report just came out yesterday and we reported that the report indicated that condos in the NYC Metro areas gained 2% month over month. The NY Metro area is the only major metro area in the country to show gains Month over Month and Year over Year. If you would like [...]
NJ Multi-Family Bargain of the week| Income Property
November 2, 2010 by admin
Filed under Hudson, Income Property, NJ Suburbs
November 4, 2010 Multi-Family Income Investment Opportunity of the Week: Our deal of the week lands in Morristown, NJ. This is a 5-Family home with a walking distance location to “The Green” and the downtown sector. The rent roll is solid and income is very good for investor oriented buyers. Here are some numbers on the building. [...]
Hoboken October 2010 Condo Report
The month of October followed the same trend that we expected for Hoboken real estate. Since the First Time Homebuyer Tax Credit expired in June, sales volume, average sale prices, and pendings have slid. Sales volume is starting to find its median as July – October averaged in the mid to upper 40′s each month. [...]
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