Hudson Realty Group Update – August 2016 Edition | Hoboken and Jersey City Real Estate


HUDSON REALTY GROUP’S
 

MONTHLY REAL ESTATE UPDATE

      
AUGUST 2016 EDITION

          

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NEW – HOBOKEN AND JERSEY CITY REAL ESTATE MARKET REPORT

 

 

MARKET RECAP

Over the first half of 2016, the residential real estate market in Hoboken and Downtown Jersey City continued the up-ward trend in pricing experienced since 2012. Inventory remained near all-time low levels with only 1.5 to 2 months of supply. The volume of activity slowed slightly relative to the 1st half of last year down 7% in closed condos and 6% under contract as well as 22% less townhome closings (46 vs 59). The sharp declines in the stock market seen in January and February slowed high-end sales activity by giving buyers reason to pause but things got back to normal after the stock market recovered in March…<Continue in Report>

 

REAL ESTATE AND COMMUNITY NEWS

 

HOBOKEN HISTORICAL MUSEUM:

HOBOKEN HOUSE TOUR

October 30, 2016 • 10am-4pm

Ticket Location: Hoboken Historical Museum, 1301 Hudson St., OR Fire Department Museum, 213 Bloomfield St. The Annual Hoboken House Tour will feature up to 10 homes and condos graciously opened to visitors by Museum supporters to help raise funds.

 

 

WSJ: HOBOKEN, NJ IS A HAPPENING PLACE

“It always called me back,” said Ms. Miller, who now owns a two-bedroom condominium in uptown Hoboken. “The commute can’t be beat. It’s a cool town with lots to do. I’m from New Jersey—I never wanted to take the leap to Manhattan because I’m always visiting family.”…

 

JERSEYDIGS.COM: THESE 10 INTERACTIVE PHOTOS SHOW HOW MUCH JERSEY CITY HAS CHANGED IN 8 YEARS

“With unprecedented population growth, an influx of new shops and eateries, and endless construction, there’s no doubt Jersey City is changing quickly. Nowhere else is this transformation more visible than the ever-changing skyline. Using Google Street View, RentCafe, a rental search engine, put together interactive before and after photos showing what a difference….”

 

HUDSONREPORTER: CRAFT BEERS, KID’S BOOKS AND COOKIES

“From the signs and construction vehicles around town, many new offices and restaurants are gearing up to open in Hoboken in the second half of the year, including an eatery near the Viaduct serving 60 craft beers, a Greek bakery, a place that delivers fresh cookies, and new real estate offices.”…

 

NJ.COM: PLANS FOR 3 MAJOR NEW JOURNAL SQUARE TOWERS MOVE FORWARD

“Jared Kushner and KABR Group are proceeding with plans to build three residential towers on two lots near the Journal Square PATH hub, towers that will include a total of 2,466 luxury residential units, 103,784 square feet of retail space and 224,539 square feet of offices.”…

 

JERSEYDIGS.COM: TRADER JOE’S OFFICIALLY ANNOUNCES TIMELINE FOR HOBOKEN STORE

“The new store, located in Harlow Hoboken at the southwest corner of Willow Ave. and 14th St., plans to open in the first half of 2017. It will occupy an 11,700 square foot space in the new project.”…

 

JERSEYDIGS: BERGEN ARCHES PROPOSAL ENVISIONS A WORLD CLASS CULTURAL DESTINATION IN JERSEY CITY

“The plan itself “proposes site-specific landscape and architectural interventions to create a new public park and walkway, promote local artists and boost Jersey City’s overall cultural reputation.” The result is a public park where visitors can explore the cut via a series of paths and elevated walkways…”

 

 

 

               

 

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