Tuesday, August 31, 2010

Interesting Changes.........August 2010 Stats Update



We had a very interesting month of changes in the August 2010 Stats Update. The absorption rate, the rate at which properties sell, increased for both Hoboken and downtown Jersey City, with Hoboken posting a staggering 50.6% increase. While inventories increased, per square foot prices posted solid gains in almost every segment for both Hoboken and downtown Jersey City.

Normal theory would dictate that if properties are lingering on the market longer that prices should go down, but that doesn't seem to be the case.

Pending sales decreased slightly for Hoboken and downtown Jersey City when compared with July, but are way off from the May 2010 high which was fueled by the $8000 tax credit.

I still say that it's a great time to buy right now...mortgage rates are low and inventories are plentiful.

Please click on the link below if you can't see the chart:



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

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www.hobokenpropertyvalue.com
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Ho-Hum Week for Downtown Jersey City Sales-Downtown Jersey City Sales Update-August, 27, 2010



Kind of ho-hum this week for downtown Jersey City sales.

There was a great short sale at Claremont Cove, 1 Greene Street, 1488 sq. ft. 2BR/2BA sold for an incredible $302/sq. ft., but taxes are over $11,000/yr. and the maintenance fee is over $1000/month...OUCH! Property sold as a short sale for $450,000...sellers paid %$590,000...double OUCH!

Please click on the link below if you can't see the chart:



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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www.hudsoncountyhomesnow.com

Another Solid Week for 1BR Sales-Hoboken Sales Update-August 27, 2010




One bedroom condo this week edged above the $500/sq.ft. mark this week. This is a number that we haven't seen in quite a while. First time home buyers are taking advantage of the incredibly low mortgage rates and the great deals on Hoboken condos.

210 2nd Street sold for $538/sq.ft. and 224 Madison solid for a very strong $498/sq.ft

I have to say, there weren't any real bargains in the 1BR market this week!

Good job!

Two bedroom condos dipped a little this week to $437/sq.ft. with units at 700 1st and 109 Harrison selling for below $390/sq.ft.

There were two 3 bedroom condo sales again this week, with below average per. sq. ft. prices.

There was one single family home sales this week on 8th and Hudson. Asking price was $2,225,000 and it sold for $1,980,000. The sellers paid $2,130,000 in October, 2007. Ouch!

Please click on the link below if you can't see the chart:



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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www.hudsoncountypropertiesnow.com

Friday, August 27, 2010

Pending Sales Steady for This Week-Pending Sales Update-August 27, 2010



Still relatively stable this week for pending sales for Hoboken and downtown Jersey City. This is an encouraging sign that activity has remained consistent over the last few weeks.


Pending Sales for Hoboken August 27, 2010:

157 dabos vs. 159 last week (1.3% decrease)


Pending Sales for downtown Jersey City August 27, 2010:

101 dabos vs. 100 last week (.01% increase)



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

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www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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Hoboken Down...Downtown Jersey City Up-Absorption Rate Update-August 27, 2010




The absorption rate for Hoboken decreased by an impressive 12% this week, while the absorption rate for downtown Jersey City increased by a worrysome 12%.

Are buyers turning to buying for desirable locations like Hoboken while giving certain areas of downtown Jersey City a second thought?

Hoboken Absorption Rate Update 8/27/2010:

38.49 weeks vs. 43.09 weeks last week (12% decrease)


Downtown Jersey City Absorption Rate Update 8/27/2010:

56.43 weeks vs. 50.05 weeks last week (12% increase)


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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Friday, August 20, 2010

No Real Standouts This Week-Downtown Jersey City Sales Update-August 20, 2010



As Toll Brothers finishes out selling 700 Grove, they are really giving some great deals. There are two 1310 1BR + Den condos that sold for under $400/sq.ft. There was a time not too long ago where these units were selling in the $450+/sq.ft. range

1BR & 2BR Downtown condos continue to sell in the $400/sq.ft. range.


Please click on the link below if you can't see the chart:



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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www.hudsoncountyhomesnow.com

Strong 1BR Sales This Week-Hoboken Sales Udpate-August 20, 2010





One bedroom condos averaged an impressive $492/sq.ft. average with 117 Clinton selling for $561/sq.ft.

Two bedroom condos also did well this week with a $461/sq.ft. average. 1015 Grand and 253 12th both sold at a very competitive $385/sq.ft. and $386/sq.ft., respectively.

There were two 3 bedroom condo sales this week with 823 Hudson selling at a strong $560/sq.ft.

There were several strong one family sales this week, with the best deal being 1217 Park at $750,000.


Please click on the link below if you can't see the chart:



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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www.hudsoncountypropertiesnow.com

Hoboken Flat....Downtown Jersey City is Down-Pending Sales Update-August 20, 2010




There was no change in pending sales for Hoboken this week. Downtown Jersey City is down by 3.8% We're quite a bit off our highs right now. Was the peak the result of the tax incentive or have buyer's perspectives changed on the current market conditions?

Pending Sales for Hoboken August 20, 2010:

159 dabos vs. 159 last week (no change)


Pending Sales for downtown Jersey City August 20, 2010:

100 dabos vs. 104 last week (3.8% decrease)



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

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www.hobokenpropertyvalue.com
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www.hudsoncountyhomesnow.com

Decreases for Hoboken and Downtown Jersey City This Week-Absorption Rate Update-August 20, 2010





The back and forth in the absorption rates for Hoboken and downtown Jersey City continues as the markets struggle to find their equilibrium this week.


Hoboken Absorption Rate Update 8/20/2010:

43.09 weeks vs. 46.26 weeks last week (6.9% decrease)


Downtown Jersey City Absorption Rate Update 8/20/2010:

50.05 weeks vs. 54.6 weeks last week (8.3% decrease)


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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www.hudsoncountyhomesnow.com

Friday, August 13, 2010

Solid Week for Downtown Jersey City-Jersey City Sales Update-August 13, 2010



There were two strong 1BR new construction sales at 201 Marin Blvd (Gull's Cove) at$500/sq.ft. and 253 Washington Street (Washington Pointe) at $476/sq.ft.

2BR condos sold well this week with units at 61 Grand (Grand View) selling at $477/sq.ft. and 126 Dudley (Liberty View) selling at $477/sq.ft.

Please click on the link below if you can't see the chart:



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

Sign up for FREE listing updates:
www.hudsoncountyhomesnow.com

One 1 BR Sells, But Lots of 2BR Condos Sell This Week-August 13, 2010



There was only one 1BR sale this week at 163 14th Street, which sold at $477/sq.ft. which is about where similar units have been selling.

The real news this week is in the 2BR market. There were 2 sales in the $525+/sq.ft. range this week. 600 Hudson actually sold at $561/sq.ft. which is well above average for that type of unit. Average price per square foot is $461/sq.ft. which is above the recent averages.

There was a great deal on a vacant 4 family at 3rd and Park for $1,050,000. It's rare that you find larger vacant multi-families for sale in HOboken.

The super large 3 family on 1st between Jackson and Monroe finally sold for $1,600,000. It had been and the market forever and prices over $2,250,000. The place is enormous and I thought it was a great buy at $1,800,000.


Please click on the link below if you can't see the chart:


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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www.hudsoncountypropertiesnow.com

Pending Sales Stabilize for Hoboken and Downtown Jersey City-August 13, 2010




Following the results of this week's absorption rate updates, pending sales stabilized this week with Hoboken posting a 1.9% increase and downtown Jersey City posting a modest .9% decrease.

Pending Sales for Hoboken August 13, 2010:

157 dabos vs. 154 last week (1.9% increase)


Pending Sales for downtown Jersey City August 13, 2010:

103 dabos vs. 104 last week (.9% decrease)



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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www.hudsoncountyhomesnow.com

Absorption Rate Update-Hoboken Stable This Week, Downtown Jersey City Down-August 13, 2010




The absorption rate for Hoboken was basically flat at a .005% increase this week. We're still above our highs for Hoboken, but we're stable for now.

Jersey City fared better this week with a 9.3% decrease.

Decreasing inventories for both aress, which is not abnormal for this time of the year, are helping keep the absorption rates in check.


Hoboken Absorption Rate Update 8/13/2010:

46.51 weeks vs. 46.26 weeks last week (.005% increase)


Downtown Jersey City Absorption Rate Update 8/13/2010:

49.56 weeks vs. 54.6 weeks last week (9.3% decrease)


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

Sign up for FREE listing updates:
www.hudsoncountyhomesnow.com

Thursday, August 12, 2010

Jersey City Farmer's Market-Summer Fresh Vegetables!-August 12, 2010



There is nothing better than farm fresh vegetables. It's good for you and it's good for the environment by reducing your carbon footprint! There's nothing better than summer fresh corn with dinner!

Summer is here and the Annual Jersey Fresh Farmers Markets are in full swing all over Jersey City. Jersey Fresh is an advertising and promotional program developed by the New Jersey Department of Agriculture in 1983 to publicize the wide variety of fruits and vegetables which are grown here in the Garden State, providing delicious nutritional fresh fruits and vegetables at reasonable prices.


Jersey City now has seven of Hudson County’s Jersey Fresh Farmers Markets. Consumers can find a wide variety of goods, including fresh organic and conventional fruits and vegetables, baked goods, seafood, fresh mozzarella, pickles, and flowers. While vendors and goods vary seasonally from market to market, all Jersey Fresh Community Markets include some vendors who accept Women, Infants, Children (WIC) and Senior Farmers Market Nutrition Program (FMNP) vouchers.

Kicking off the onslaught of fresh fruits and vegetables here in the Gold Coast is the Grove Path Plaza Farmers Market, held from 4 p.m. to 8 p.m., Mondays and Thursdays, and will run until December 23rd.

The Hamilton Park Farmers Market will take up residence in the newly refurbished park from 4:00 p.m. to 8:00 p.m. on Wednesdays throughout the summer and into the fall.

New this year are the indoor Newport Centre Mall Farmers Market, located betweeen Macy's and Kohl's on Tuesdays, noon to 7:00 p.m., and the Webb Park Farmers Market which will run from 9:00 a.m. to 2:00 p.m. every Saturday until October 30th, 2010.

The Van Vorst Farmers Market runs from 8 a.m. to 2 p.m. on Saturdays until November.

The Journal Square Farmers Market, at the Journal Square PATH Station, is held on Wednesdays and Fridays from 10 a.m. to 7:30 p.m. until Thanksgiving.

The Harvest Square Farmers Market, on Bramhall and Grand Street, is held Tuesdays, 3 p.m. to 6 p.m., till October 26th, 2010. Shop till you drop!

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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www.hudsoncountypropertiesnow.com

Former Hoboken Mayer Peter Cammarano Sentenced to 24 Months-August 12, 2010

Former Hoboken Mayor Peter Cammarano was sentenced this morning to 24 months in prison, Jersey Journal staffer Michaelangelo Conte reports from the federal courthouse in Newark.

Cammarano pleaded guilty in April to taking $25,000 from federal informant Solomon Dwek.

Did he really thing that no one would find out? A few days before he was arrested he made a big speech about how corruption wouldn't be tolerated after another city official was busted.

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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Dawn Zimmer-Mayor of Hoboken-Celebrates One Year in Office-August 12, 2010




I've been wondering, "What has Dawn Zimmer been doing to make things better in Hoboken?" As it turns out, quite a lot. Now all she has to do is start lowering taxes and we'll all be in great shape. Take a minute to read below, it's very interesting.

One year ago this week, on July 31, 2009, Dawn Zimmer became Acting Mayor of Hoboken. Due to the events leading up to that day, many residents had lost faith in their government. The City was under state fiscal supervision managed by a Fiscal Monitor and had suffered a backbreaking property tax increase the year before.

“Through the hard work of our City employees, led by our directors, the City Council, and concerned residents who have offered their time and talent to improving our community, Hoboken has come a long way in just one year,” said Mayor Dawn Zimmer. “I’m proud to represent such a resilient community that is so focused on positive change.”

Mayor Zimmer made it a priority to restore integrity and fiscal discipline to government while enhancing quality of life for residents. Despite only being free from oversight of the state fiscal monitor for less than three months, Hoboken has already made significant progress under Mayor Zimmer’s leadership.

“In just one year, we’ve made incredible progress for Hoboken on so many fronts,” added Mayor Zimmer. “We’ve established a strong foundation for continued progress, and I’m looking forward to working with the City Council and the community to make our City even greater.”

Below are highlights of the Zimmer Administration’s accomplishments over the past year.

Restoring Integrity, Accountability, and Competence to Government

1. Conducted an open interview process, solicited resumes, and hired the most qualified professionals to serve as department directors.
2. Appointed a highly qualified Business Administrator with extensive experience, including a 25 year public safety record.
3. Conducted an open and honest budget process with public workshops that included presentations by every director, as well as the Fire and Police Chiefs.
4. Successfully argued for Hoboken to be released from state fiscal monitor oversight.
5. Conducted internal audits to end the illegal use of parking transponders and City Hall perimeter parking permits.
6. Returned Zoning Board appointment power back to the City Council.
7. Reestablished City Council advice and consent for Rent Control Board appointments.
8. Implemented free text message and email updates for residents available through Nixle.com.
9. Council meetings are now broadcast on Verizon FiOS in addition to Cablevision and online.
10. Held numerous public meetings to solicit community input for projects including the 14th Street Viaduct, Transportation & Parking, Newark Street safety improvements, playground at the Boys and Girls Club, and Church Square Park. Planned future meetings to discuss Observer Highway safety improvements, a Pedestrian and Bike Master Plan, redevelopment in the Western Edge and Southwest Hoboken, and the design of parks at 1600 Park and Hoboken Cove, among others.
11. Replacing single space meters with multi-space meters that will dramatically improve the auditing and accountability of cash/quarters payments.
12. Invited by the Rutgers Institute for Ethical Leadership to participate on a panel on ways to end unethical practices in the public sector.

Restoring Fiscal Responsibility

1. Immediately upon taking office, cut Mayor, Council, and Director’s salaries by 10 percent.
2. Ended longevity pay for Directors so salary increases are based only on merit.
3. Passed a budget free of one shot revenues and gimmicks which reflects the true cost of government and paid off many of our legacy costs due to past mistakes.
4. Entered into a shared services agreement with Weehawken for storing public works vehicles.
5. Reduced overtime costs by closing the mechanic garage earlier on weekends.
6. Saving more than $150,000 annually by replacing light fixtures throughout City facilities with energy efficient lighting as a result of energy audit and grant.
7. Joined Governor Christie’s call for a cap on property taxes and local government “toolkit” needed to control costs.
8. Conducted due diligence and paid off $4.2 million in legacy costs for an unapproved early retirement plan implemented by a prior Administration.
9. Secured option for funding the Observer Highway municipal garage site through low-interest HCIA bonds, potentially saving taxpayers thousands of dollars.
10. Made progress towards privatizing Hoboken University Medical Center and removing taxpayers from the $52 million bond guarantee.
11. Worked with Hudson County and Jersey City officials to secure a $350,000 study to improve traffic flow and address transportation concerns in Southwest Hoboken.
12. Collaborated with local community organizations to secure funding for a $100,000+ pedestrian and bicycle master plan study.
13. Created several new revenue streams through the Parking Utility including Corner Cars and new “monthly limited” and “vacation park” garage parking rates.
14. Saved $146,000 per year via scaled back salaries and benefits of municipal court appointments.
15. Secured $80,000 in additional grant funding for pedestrian improvements at Hudson Place.
16. Restarted the stalled process for remediation of 1600 Park and Hoboken Cove, saving more than $1.1 million in grant funds in the process. Public meetings will soon be held to create designs for the parks.
17. Restarted the stalled process for 9/11 Memorial, saving $97,000 in grant funds from being lost.
18. Reduced recreational operating expenses by 20% without eliminating any programs.
19. Expanded and enhanced recreational programs by utilizing $61,000 that would otherwise have been returned to OJJDP.
20. Secured $1,000 grant funding for recreational equipment.
21. Moving forward with tax maps needed to conduct revaluation.
22. Hired an experienced consulting company to move forward with an analysis of the Fire Department.
23. Immediately implemented 1.5 percent healthcare contribution for all employees after legislation was passed by the State, saving the City more than $500,000 per year.
24. Enforced prorated vacation policy and State law 2-year limitation of vacation days carry over, potentially saving taxpayers significant costs over the long term.
25. Replaced a number of Parking Utility vehicles with eco-friendly electric vehicles costing half as much and 10 times less expensive to maintain.
26. Switched to a paperless purchase order system for better accountability and efficiency.
27. Collaborated with a Stevens Institute spin-off technology company to develop low-cost, high-tech transportation solutions including GPS shuttle tracking.
28. Collaborated with Rutgers University to conduct a pedestrian safety study at no cost to the City.
29. Brought in college interns to help with automated garage to keep operational costs low and provide students with unique exposure to advanced technology.
30. Transitioning budget from fiscal year to a calendar year.

Improving Quality of Life

1. Successfully lobbied to have the most important Southwest wet weather pump station built first, and ground was broken on this pump which is expected to significantly alleviate Hoboken’s flooding problems.
2. Listened to community feedback at public meeting and coordinated with a highly respected Hoboken architect to redesign the fa├žade of the pump station.
3. Installing a state-of-the-art wireless censor system in our sewers to gather the data needed to fully tackle the flooding problem.
4. Helped reduce the number of cars impacted during flood events by providing free parking and conducting crisis communications to warn residents to move their cars.
5. Partnered with Connect by Hertz to launch Corner Cars, the country’s first city-wide car-sharing program to alleviate the parking problem by taking hundreds of cars off our streets. Residents who switch could save thousands per year.
6. Reintroduced the Crosstown Shuttle and expanded it into a mini-transit system renamed “The Hop,” with three routes, increased frequency, and with GPS and text messaging technology to track online or by phone.
7. Expanding parks and open space: Thanks to collaboration with the county and a public community process, the replacement of the 14th Street Viaduct will include a beautiful space beneath the structure with a dog run, playground, active recreation court, and multi-purpose space.
8. Took immediate emergency action to reinforce our previously neglected and crumbling waterfront piers. The pier reconstruction project is underway, and all avenues are being pursued to minimize the cost to taxpayers.
9. Joined City Council colleagues to oppose legislation in the New Jersey State Senate to permit New Jersey Transit to unilaterally change the character of our City by building 50 to 70 story towers over the rail yards without our consent.
10. Became the first city in Hudson County to develop and deploy a POD (Point of Distribution) site in the administration of H1N1 vaccines.
11. Worked with Hudson County to make pedestrian safety improvements to the 14th Street Viaduct replacement.
12. Strictly enforcing widespread taxi and limousine violations that had previously gone unenforced.
13. Brought back car-free Sinatra Drive Summer Sundays so residents have a safe space for recreation.
14. Implemented multi-space meters to increase available parking space.
15. Doubled the number of bike racks throughout Hoboken.
16. Secured funds from NJDOT to repave various streets throughout Hoboken.
17. Opened the municipal pool earlier and for longer than ever before.
18. Launched Hoboken’s first wrestling and girls basketball league.
19. Provided new activities for senior citizens including yoga classes, computer classes, and Wednesday night bingo.
20. Contracted with the Liberty Humane Society for a more humane solution to animal control.
21. Advocated for the Monroe Center for the Arts by making the City’s position clear and coordinating with the court appointed trustee.
22. Implemented recycling in City Hall, and through partnership with the Committee for a Green Hoboken, implemented recycling at City events.
23. Continue to implement inexpensive, but effective traffic calming measures including paint and bollards to make our streets safer.
24. Through funding acquired thanks to Mayor Zimmer, the North Jersey Transportation Planning Authority kicked off a Sub-regional Transportation Study in Southwest Hoboken to address traffic and congestion.
25. Secured an inter-local agreement with Secaucus so Hoboken residents can use the Secaucus municipal pool at reduced rates.
26. Initiated and gathered volunteers for the Community Emergency Response Team (CERT), an extensive training program. Graduates have volunteered for various community events.
27. Planted 75 trees throughout the City through grant funding.
28. Coordination with Police and enhanced communications efforts resulted in a better managed St. Patrick’s Day celebration.
29. Implemented an effective community service program prior to St. Patrick’s Day celebration.
30. Coordinated with Hudson County to provide a “water buffalo” truck with water for Housing Authority residents during a water outage. This policy is ongoing.
31. Installing a new HVAC system at the Multi-Service Center through grant funding.
32. Moving forward with plans to replace park equipment at the park adjacent to the Boys and Girls Club.
33. Clarified residential parking policies to end abuses and arbitrary policies.
34. Focused parking enforcement resources on previously neglected pedestrian safety concerns.

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

Sign up for FREE listing updates:
www.hudsoncountypropertiesnow.com

Carlo's Bakery Hoboken Update-How Long is The Line?-------------------------------------August 12, 2010-9:10 pm


Carlo's Bakery Hoboken

Current wait time: 9:09 p.m.- 30 minutes
45 people on line

The lines have been a little shorter over the last few days as families take their last vacations of the summer.




Information provided by:

Kevin Dowd
Broker/Associate
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

Sign up for FREE listing updates:
www.hudsoncountypropertiesnow.com

Tuesday, August 10, 2010

Carlo's Bakery Hoboken Update-How Long is The Line?-------------------------------------August 10, 2010-4:13 pm


Carlo's Bakery Hoboken

Current wait time: 4:13 p.m.- 1 hour 15 minutes
95 people on line

The lines have been a little shorter over the last few days as families take their last vacations of the summer.




Information provided by:

Kevin Dowd
Broker/Associate
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

Sign up for FREE listing updates:
www.hudsoncountypropertiesnow.com

Mortgage Rates at Lowest Level EVER!---August 10, 2010



Mortgage rates are the lowest rates...EVER!

30 year conventional loan are hovering about 4.00%-4.50%.

The rates are the lowest we've ever seen.

Even if you already have a mortgage, you might want to look into refinancing.

If you've been on the fence about buying a home or condo it might be time to buy.

Lower interest rates give you more purchasing power because you're paying less for your money.



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

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www.hudsoncountypropertiesnow.com

Friday, August 6, 2010

Another Solid Week for Downtown Jersey City-August 6, 2010



Downtown Jersey City had another good weeks of sales with solid numbers for downtown 1 and 2BR sales and Newport 2BR sales.

There was a great sale at 20 Second Street (The Portofino) for $513/sq.ft. and a great deal at 20 Newport Parkway (The Shore) for $496/sq.ft.

Please click on the link below if you can't see the chart:



Information provided by:

Kevin Dowd
Broker/Associate
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

Sign up for FREE listing updates:
www.hudsoncountyhomesnow.com

Pretty Solid Sales Week For Hoboken-August 6, 2010



1 Bedroom condos remained steady this week at $511/sq.ft. There was a very strong sale at 1201 Adams Street at $571/sq.ft.

2 Bedrooms are looking good this week with a unit at The Upper Grand-1201 Adams Street selling for $502/sq.ft. That's very impressive considering all of the other 2BR condos in the area sold in the low $400/sq.ft. range.

3 Bedroom condos also sold well this week at $463/sq.ft. with a unit at Maxwell Place selling at a relatively modest $656/sq.ft.

Please click on the link below if you can't see the chart:



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

Sign up for FREE listing updates:
www.hudsoncountypropertiesnow.com

Slight Drop in Pending Sales This Week For Hoboken and Downtown and Jersey City - August 6, 2010



Pending sales had another drop this week. I have seen things slow a little over the past few weeks, but I think it's just a seasonal adjustment. I think that the super low mortgage rates are hoping to slightly bolster activity in the area.

Pending Sales for Hoboken August 6, 2010:

154 dabos vs. 159 last week (3.1% decrease)


Pending Sales for downtown Jersey City August 6, 2010:

104 dabos vs. 108 last week (3.7% decrease)



Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

Sign up for FREE listing updates:
www.hudsoncountyhomesnow.com

Absorption Rate Dips Again This Week for Hoboken and Downtown Jersey City-August 6, 2010





Another week of absorption rate increases for Hoboken and downtown Jersey City. The market does typically slow down during August as buyers go on vacation. I didn't think the slowdown would be as strong as it is, especially with mortgage rates being so incredibly low!

Hoboken Absorption Rate Update 8/6/2010:

46.26 weeks vs. 41.87 weeks last week (10.48% increase)


Downtown Jersey City Absorption Rate Update 8/6/2010:

54.6 weeks vs. 50.46 weeks last week (8.2% increase)


Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

Sign up for FREE listing updates:
www.hudsoncountyhomesnow.com

Tuesday, August 3, 2010

How Many Properties Would You Like to See When You Go Out With Your Realtor?

I had a conversation with a buyer I'm working with about how many properties I usually show when I'm taking a customer out. Typically, I show 5 to 6 properties when I take out a potential buyer. I find that when take a buyer out to see lots of properties at once that they can't focus on what they want in a property.

I'll take a buyer out as many times as it takes until they find a property they love.

What are you thoughts on this?

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

Sign up for FREE listing updates:
www.hudsoncountypropertiesnow.com

Cake Boss Hoboken is Coming to a City Near You!


Carlo's Bakery Hoboken

The Cake Boss is coming to a city near you!

America’s favorite baker is set to embark on the highly anticipated “Bakin with the Boss Tour” this Fall. In conjunction with the release of his new book “Cake Boss: The Stories and Recipes” on November 2nd, Buddy will hit both coasts and everywhere in between (well, almost)- This show is perfect for Cake Boss fans of all ages.

Go to www.buddyontour.com for complete ticket information.





Information provided by:

Kevin Dowd
Broker/Associate
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

Sign up for FREE listing updates:
www.hudsoncountypropertiesnow.com

Carlo's Bakery Hoboken Update-How Long is The Line?-------------------------------------August 3, 2010-12:18 pm


Carlo's Bakery Hoboken

Current wait time: 12:12 p.m.- 2 hours
159 people on line

It's best to get on line BEFORE 10 am. It's even better to get there when they open at 7:30.




Information provided by:

Kevin Dowd
Broker/Associate
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search up for FREE local school reports and more at: www.hobokenjerseycity.com

Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com

Sign up for FREE listing updates:
www.hudsoncountypropertiesnow.com