HUDSON REALTY GROUP’S
 

MONTHLY REAL ESTATE UPDATE

      
MARCH 2016 EDITION

          

YOUR SOURCE FOR HOBOKEN AND JERSEY CITY REAL ESTATE     

 

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REAL ESTATE AND COMMUNITY NEWS

 


HALSTEADPROPERTY: HALSTEAD CEO DIANE RAMIREZ RECOGNIZED IN SWANEPOEL POWER 200

“Congratulation to our CEO Diane Ramirez who ranked in the Swanepoel Power 200 list as one of the most influential people in residential real estate this year! The Overall Power 200 list recognizes everyone from corporate executives to power brokers who lead the industry. Diane was selected based on her experience in growing Halstead Property to one of the three largest firms in New York with offices in the Hamptons, Hudson Valley, Connecticut and New Jersey. Plus, she…”

 


H
OBOKENNJ.ORG: HOBOKEN ROLLS OUT PAY-BY-PLATE PARKING METER SYSTEM FOR IMPROVED CONVENIENCE

“To purchase parking with the pay-by-plate system, customers will 1) Enter the vehicle license plate number and 2) Make payment via credit/debit card, smart card, coins, or bills (where available). There is…”

 


HUDSONREPORTER: HOBOKEN ZONING BOARD WILL VOTE ON STALLED 436- SPACE GARAGE ON STEVENS CAMPUS

“The garage, which will take two phases to complete, would offer the additional 296 spaces to students, staff, faculty, and campus visitors, thus alleviating spots taken up by those groups and by visitors in the surrounding area. “…

 


HUDSONREPORTER: NEW CONDOS AND PARKS IN A NEIGBORHOOD NEAR YOU

“Also under construction in Jersey City is the second of two Trump towers in the Power House Arts District. The 532-foot Trump Plaza Residences – among the tallest buildings in New Jersey — are located at 88 Morgan St. The 50-story Trump Bay Street nearby features 447 luxury apartments, 144 parking spaces and 11,000 square feet of retail.”…

 


JERSEYDIGS.COM: HOBOKEN’S INDUSTRIAL PAST GETS A NEW LEASE ON LIFE

“The renovation will preserve the building’s entire façade, chimneys, a smokestack and the factory’s water tower. The new sections of the structure will consist of composite metal panels with large glass windows. The project will be LEED Gold Certified and sport a historical plaque, in addition to including 119 parking spaces and 2,375-square feet of ground floor commercial space.”…

 


HOBOKENNJ.ORG: STREET TREE PLANTING PROGRAM

“Help the Shade Tree Commission reach our goal of 4,000 healthy street trees by 2020. If you are a Hoboken property owner, you can have a street tree planted by following these simple steps:

 – Print, sign & return this Consent Form         

 

 


JERSEYDIGS.COM: CEREMONY MARKS FIRST 80/20 AFFORDABLE HOUSING PROJECT IN 3 DECADES

“Vertical construction is now underway on one of two projects that will bring 165 affordable units to the new Hudson Exchange West development in downtown. Situated on the former Pep Boys site, the first 35 story tower will bring 336 market-rate units, 85 affordable units, 10,000 square feet of retail space, and a new public plaza.”…

 

HOBOKEN AND JERSEY CITY REAL ESTATE MARKET REPORT

 

   


   
M
ARKET RECAP


The residential real estate market in Hoboken and Downtown Jersey City closed out 2015 continuing the upward trend in sales activity and pricing we have seen over the last 4 years. Since 2011, condo prices have increased 38% (9.5% per year) in Hoboken and 49% Downtown Jersey City (12.4% per year). Over the 2nd half of 2015, inventory remained at all-time low levels with only 1 to 1.5 months of supply. Strong demand resulted in widespread competition for all property types and multiple bids were commonplace resulting a fast paced market with an average selling price very close to asking (46% of condos sold within 2 weeks on the market)….<continued in report>

 

MORTGAGE RATES

 


BANKRATE.COM: MORTGAGE RATES FALL BACK AND REMAIN IN REFI TERRITORY FOR MANY BORROWERS

“Mortgage rates fell this week after the Federal Reserve kept rates unchanged and the Brussels terror attacks disrupted international markets. Investors have been retreating to the safety of government bonds, which has pushed yields down. The 10-year Treasury yield fell from a high of 1.94% to an intraday low of 1.88%. Mortgage rates typically follow the direction of yields on long-term government bonds…”

 

 

 

               

 

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. 

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