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


HUDSON REALTY GROUP’S
 

MONTHLY REAL ESTATE UPDATE

      
SEPTEMBER 2016 EDITION

          

YOUR SOURCE FOR HOBOKEN AND JERSEY CITY REAL ESTATE     

 

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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

SUNDAY 10/30 FROM 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.

 

 

HOBOKEN TO HOST 23RD ANNUAL FALL ARTS & MUSIC FESTIVAL
SUNDAY 9/25 FROM 11AM-6PM
Washington Street between Observer Hwy & 7th St. 
Over 300 artists, crafters, photographers, food vendors, local business and more. Special kid’s section with rides, games, face painting, sand art, music entertainment & much more.

 

JERSEYCITYINDEPENDENT: TALES OF OUR CITIES 2016
SUNDAY 9/25 FROM 11AM-4PM
VAN VORST PARK  281 MONTGOMERY STREET, JERSEY CITY

“This event showcases locally and nationally acclaimed authors, many of whom will have physical books to sell and display. In addition there will be writers in attendance who will read from their works.”

 

HOBOKEN: CHRISTIE ADMIN. MOVES FORWARD WITH $230 MILLION PROJECT TO PROTECT HOBOKEN & PARTS OF WEEHAWKEN & JERSEY CITY FROM STORM SURGE

“The flood-resistance structure will provide flood protection for communities and for critical infrastructure, including the North Hudson Sewerage Authority. Alternative 3 will be designed to blend in seamlessly with the urban streetscape and enhance the…”

 

HOBOKEN: HOBOKEN PROPERTY OWNERS INVITED TO FLOOD PROTECTION & INSURANCE SAVINGS WORKSHOP

“The Hoboken Resilient Buildings workshop will provide information on how property owners can protect buildings from flood damage and lower their flood insurance rates. The workshop will feature an open house with vendors of resilient building…”

 

NJ.COM: WORK TO STARTON 58-UNIT BUILDING INJERSEY CITY ‘JEWEL’ MCGINLEY SQUARE

“The 58-unit apartment building, which will include ground-floor commercial space, will be located on a lot that was formerly a parking lot across the street from the Bergen Avenue Wonder Bagels. It is the first major residential construction project to begin in the neighborhood, which sits just south of Journal Square.”…

 

HUDSONREPORTER: HOBOKEN TO HOLD PUBLIC MEETING MONDAY ON POTENTIAL REPEAL OF ‘500 FOOT RULE’ FOR BARS
Monday, 9/26 at 7 p.m. in City Council Chambers at 94 Washington Street.
“Hoboken is a mile-square town with approximately 140 active liquor licenses, and it’s a popular place to eat and drink. Removing the rule would allow more leeway when new bars or restaurants decide where to open up.”…

 

NEWYORKYIMBY: 13-STORY, 240-UNIT MIXED-USE BUILDING TOPS OUT AT 3 JOURNAL SQUARE PLAZA, JERSEY CITY

“There will be retail space and residential amenities on the ground floor, followed by rental apartments above. Known amenities include a four-level underground parking garage, which the project was built atop, and a rooftop terrace.”…

 

 

 

               

 

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