HUDSON REALTY GROUP’S
  
 MONTHLY REAL ESTATE UPDATE

      
DECEMBER 2016 EDITION

          

YOUR SOURCE FOR HOBOKEN AND JERSEY CITY REAL ESTATE
    

HAPPY HOLIDAYS FROM
HUDSON REALTY GROUP AT HALSTEAD PROPERTY

Warmest thoughts and best wishes for a wonderful holiday and happy new year!
      
Happy Holidays,

The Browns: Matt, Lindsey, Sydney and Parker

The Cossios: Peter, Clare, Sophie and Lily

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HALSTEAD’S NEW MUSE MAGAZINE

REAL ESTATE AND COMMUNITY NEWS

07030 MAGAZINE: HOW WE LIVE- FEATURING THE COSSIO FAMILY

“This 1870’s townhouse satisfied the Cossio’s love and respect for historic structures. Peter was enamored of the original moldings; damaged ones were restored during the renovation process.”…

HUDSONREPORTER: BUSINESSES COMING AND GOING
“Hoboken is a busy mile square with new businesses landing here every month. The latest crop includes two Korean restaurants, a clothing wholesaler, and a new fitness studio. Several popular businesses are also leaving the city or moving to a different part of town…”

JERSEYDIGS: JOURNAL SQUARE PREPARES FOR THE BOOM
“Journal Square’s big moment of truth is rapidly approaching and the neighborhood is preparing for the pending residential boom in several ways, which include some spruced-up streets, a transit hub renovation, and an emerging community organization.”…

CITY OF HOBOKEN: MAYOR ZIMMER ANNOUNCES HOBOKEN’S HARLOW ‘WINTER VILLAGE’ SKATING RINK
“The City of Hoboken will host an outdoor skating rink this winter, opening on December 22nd, 2016 and operating through February 28th, 2017. Residents are invited to join an opening celebration for the rink, known as the “Harlow Winter Village”, at 3:30pm on December 22nd.”…

JERSEYDIGS: AMERICAN DREAM GETS SLEEK GLASS FACADE IN NEWLY RELEASED REDNERINGS
“When completed, the complex will include a permanent Cirque du Soleil theater, serve as the future home of FAO Schwartz, sport a 55,000-square foot Toys ‘R Us, feature an 800-foot long indoor skiing hill, a 300-foot high Ferris Wheel, and 33,000 parking spaces with multiple valet locations.”…

CITY OF HOBOKEN: MAYOR ZIMMER SIGNS CONTRACT TO ACQUIRE BASF PROPERTY FOR HOBOKEN’S LARGEST PARK
“The property will be used to create what will become Hoboken’s largest park – a 5-acre “resiliency park” with a 1 million gallon underground stormwater detention system.”…

CITY OF HOBOKEN: CONSTRUCTION TO BEGIN ON WASHINGTON STREET REDESIGN
“The contract for construction of the $17 million Washington Street rehabilitation and redesign project has been awarded and construction is scheduled to begin in early January. In addition to milling, paving and striping Washington Street from Observer Highway to 15th Street, the project also includes…”

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>

Thanks for reading our newsletter!

Please don’t hesitate to contact us if you any questions, comments or concerns.

          Clare Cossio          Peter Cossio          Matt Brown          Lindsey Brown          Kim Sullivan-Beier

               

DISCLAIMER: ©2016 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. 

Hudson Realty Group at Halstead Property NJ LLC

200 Washington St Hoboken NJ  |  201.380.3871

Hudson Realty Group is a closely integrated team with exceptional knowledge of the Hoboken real estate and Jersey City real estate markets. Our expertise includes: condosbrownstoneslofts and new developments