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HUDSON REALTY GROUP’S
MONTHLY REAL ESTATE UPDATE
MAY EDITION
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YOUR SOURCE FOR HOBOKEN AND JERSEY CITY REAL ESTATE
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HALSTEAD PROPERTY PORTFOLIO
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REAL ESTATE AND COMMUNITY NEWS
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 HOBOKENNJ.COM: HOBOKEN MEMORIAL DAY PARADE
“Hoboken’s 117th Annual Memorial Day Parade will take place on Wednesday, May 20th, 2015. The parade will assemble at 6:00pm and step off at 6:30pm from City Hall (1st Street and Washington Street) and proceed north on Washington Street to the reviewing stand on 10th Street & Washington St…”
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 HUDSONREPORTERHOBOKEN: HERE COMES THE BOOM
“364 high-end residential units are set to open this year, with 376 more units slated to follow in 2016. The new towers are capitalizing on enhanced options for fine dining and shopping in the neighborhood, as well as the ease of access to Manhattan provided by the Fourteenth Street ferry terminal and regular NJ Transit buses…”
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 NJ.COM: DEVELOPER JARED KUSHNER “VERY BULLISH” ON JERSEY CITY REAL ESTATE
“Right now we’re very focused on One Journal because that really will change the entire area of Journal Square, hopefully,” he told the Times. Kushner is also behind a luxury high-rise going up on Bay Street Downtown. His cousin, Jonathan Kushner, is building the three-tower project slated for the eastern end of the PATH transportation hub.”…
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 HUDSONREPORTERHOBOKEN: HAVE YOU SEEN THIS SLIDE?
“Ultimately, though, if you want to find the longest slide in Hoboken, you have to know to look for it in advance, which is unlikely unless you live in Hoboken’s extreme north end or play sports on the turf field of 1600 Park.”…
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“Get Your Game On: Support Education in Our Community“
Swing Fore The Schools Golf Outing – 2015 
The 2015 Swing Fore the Schools Golf Outing is celebrating their 5th year!
Held at the incomparable Crystal Springs Resort, Thursday June 4th at 11am.
Come out and show your support for 6 local schools in your community: Elysian Charter School, Hoboken Charter School, Hoboken Dual Language Charter School (HOLA), All Saints Episcopal Day School, Mustard Seed School & Stevens Cooperative School.
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2015 SPRING TREE PLANTING JERSEY CITY WIDE APPLICATION
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 JERSEY CITY DEPARTMENT OF PUBLIC WORKS PROUDLY ANNOUNCES 2015 SPRING TREE PLANTING
The Department of Public Works proudly announces the 2015 Spring Tree Planting. In an effort to make Jersey City a Cleaner & Greener place, we are offering 3 ” to 4 ½ ” caliber trees for $200.00 dollars. If you have any questions please call the Division of Parks Maintenance at 201-547- 4449.
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 BANKRATE.COM: MORTGAGE RATES RISE ON GLOBAL BOND SELL-OFF
Rates: 4.01(30-yr fixed) 3.22%(15-yr fixed)
“What’s affecting interest rates more than anything is what’s been happening overseas, especially in Europe,” says Brian Rehling, chief fixed income strategist with Wells Fargo Advisors. “Bond rates there continue to back up, driving our rates higher.”…
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HOBOKEN AND JERSEY CITY REAL ESTATE MARKET REPORT
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MARKET RECAP
Hoboken and Jersey City’s residential real estate market continued to move at a brisk pace over the 2nd half of 2014 with widespread multiple offers that tested buyers and thrilled sellers. Properties went into contract in an average of just over 30 days at a discount of less than 1% below the asking price. The market sustained it’s upward trend for pricing and volume for both condominiums and townhomes, setting all-time records in many categories. The overall dollar volume of residential property sales in Hoboken reached $704M, 28% above the previous record of $551M set in 2007. Jersey City also set a record high at $427M, 58% more than 2007 levels but only 2% above 2013’s record of $417M. 2014 was the first year the average condo prices and price per square foot in Downtown Jersey City exceeded that of Hoboken with averages of $608k vs $603k and $602/SF vs $589/SF. <continiued in report>
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Thanks for reading our newsletter!
Please don’t hesitate to contact us if you have any questions, comments or concerns.
Peter Cossio Clare Cossio Lindsey Brown Matt Brown
Hudson Realty Group at Halstead Property
hudsonrealtygroup@halstead.com
201.478.6709
   
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DISCLAIMER: ©2015 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved. This mail is for the named addressees only. If you are not the intended recipient, please delete it from your files. All information is from sources deemed reliable but is subject to errors, omissions, change of price, prior sale or withdrawal without notice. No representation is made as to accuracy of any description. All measurements and square footage are approximate and all information should be confirmed by customer. Halstead Property and Hudson Realty Group do not represent the sale of the new construction developments highlighted in this newsletter. All rights to content, photographs and graphics reserved to Broker. This information may not be copied, commercially used or distributed without Halstead Property’s prior consent.
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HUFFINGTONPOST.COM: LIMITING RETAIL CHAINS WHILE SUPPORTING SMALL BUSINESS IS KEY TO URBAN VIBRANCY AND EMPLOYMENT GAINS
JERSEYCITYFYI: JUST IN: FISHER DEVELOPMENT ASSOCIATES BREAKS GROUND ON FIRST OF TWO HIGH-RISE BUILDINGS IN JERSEY CITY’S LIBERTY HARBOR NORTH
