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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
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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>
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REAL ESTATE AND COMMUNITY NEWS
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 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.
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 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.
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 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.”
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 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.”…
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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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HOBOKEN: CHRISTIE ADMIN. MOVES FORWARD WITH $230 MILLION PROJECT TO PROTECT HOBOKEN & PARTS OF WEEHAWKEN & JERSEY CITY FROM STORM SURGE
NEWYORKYIMBY: 13-STORY, 240-UNIT MIXED-USE BUILDING TOPS OUT AT 3 JOURNAL SQUARE PLAZA, JERSEY CITY
