Low Inventories Putting Downward Pressure on Pending Sales-Pending Sales Update-December 23, 2011

Pending sales would significantly higher if there was more inventory on the market.  There is nothing for sale in Hoboken or downtown Jersey City.

Pending Sales for Hoboken December 23, 2011:
127 dabos vs. 134 last week (5.2% decrease)


Pending Sales for Downtown Jersey City December 23, 2011:
102 dabos vs. 103 last week (1% 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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: http://www.twitter.com/KevinDowdHBJC

Hoboken Properties Selling Faster Than Ever! Hoboken/Downtown Jersey City Absorption Rate Update-December 23, 2011

Inventories for Hoboken dropped to 227 units (condos, single and multi-family homes up to 4 units) this week.  This week is now the lowest inventory I've ever seen....and yes, I keep repeating myself!
Downtown Jersey City dropped to 293 units again this week (condos, single and multi-family homes up to 4 units) which also among the lowest inventory rates I've ever seen.

Hoboken Absorption Rate Update December 23, 2011:

17.88 weeks vs. 22.80 weeks last week (21.6% decrease)


Downtown Jersey City Absorption Rate Update December 23, 2011

57.68 weeks vs. 50.18 weeks last week (14.9% 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 listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Downtown Jersey City Sales Update-December 23, 2011

There were just three sales in the downtown area this week.

Two bedrooms in the downtown area averaged a strong $446/sq.ft. while a 3 bedroom short sale at 65 2nd Street averaged just $436/sq.ft.

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


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

Search Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Flurrry of Sales for The End of 2011-Hoboken Sales Update-December 23, 2011

Happy Holidays to all of my readers!

I hope that you have a happy and joyous holiday season!

We had a total of 19 sales in Hoboken this week as buyers rush to close for the 2011 tax year.

On the 1 bedroom front, there were a total of five sales with a strong sale at 1100 Adams at $521/sq.ft.
Average sales price was $481/sq.ft. for all 1 bedrooms this week.

There were nine sales in the 2 bedroom market this week with two very strong sales at $836 and $1116/sq.ft. at Maxwell Place.  I spoke with one of the sales agents there and he said that sales are up strongly over the last few months.  Overall, average sales price for 2 bedroom units this week was a strong $570/sq.ft.

There was a beautiful 3BR unit that sold at 56 Jefferson for $514/sq.ft.  This unit, although sold at a strong price, is much less than the $649/sq.ft. that the seller paid in 2005.  Very nice unit.
Please click on the link below if you can't see the spreadsheet:


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

Search Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Pending Sales Update-December 16, 2011

Pending Sales for Hoboken December 16, 2011:
134 dabos vs. 135 last week (.7% decrease)


Pending Sales for Downtown Jersey City December 16, 2011:
103 dabos vs. 112 last week (8.1% 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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: http://www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Absorption Rate Update-December 16, 2011

Inventories for Hoboken dropped to 242 units (condos, single and multi-family homes up to 4 units) this week.  This week is now the lowest inventory I've ever seen....I hope I don't keep repeating myself!

Downtown Jersey City dropped to 301 units again this week (condos, single and multi-family homes up to 4 units) which also among the lowest I've ever seen.

Hoboken Absorption Rate Update December 16, 2011:

22.80 weeks vs. 26.72 weeks last week (14.7% decrease)


Downtown Jersey City Absorption Rate Update December 16, 2011

50.18 weeks vs. 66.59 weeks last week (14.6% 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 listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Downtown Jersey City Sales Update December 16, 2011

There were eleven sales in downtown Jersey City this week.

There was a nice sale at The Shore for $542/sq.ft.

Two bedrooms in the downtown area averaged a healthy $403/sq.ft.


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

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

Search Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken Sales Update-December 16, 2011

We had a total of 13 sales in Hoboken this week.

1 bedroom units averaged $455/sq.ft. with a great deal at 224 Monroe for $405/sq.ft. with parking.  These are great units with nice tall ceilings.  I love the layout of this unit.

There was also a sale at 1100 Adams at $436/sq.ft. for a great 958 sq. ft. 1BR...also love these layouts.

Two bedrooms sank a little this week to $388/sq.ft.and was dragged down by a $341/sq.ft. sale at 551 Observer Highway

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


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

Search Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

No Inventory-Hoboken/Downtown Jersey City Pending Sales Update-December 9, 2011

Slight dips in pending sales this week, partly due to the incredibly low inventories!

Pending Sales for Hoboken December 9, 2011:
135 dabos vs. 142 last week (4% decrease)


Pending Sales for Downtown Jersey City December 9, 2011:
112 dabos vs. 114 last week (1.8% 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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: http://www.twitter.com/KevinDowdHBJC

Inventories for Hoboken dropped to 259 units (condos, single and multi-family homes up to 4 units) this week.  This week is now the lowest inventory I've ever seen.

Downtown Jersey City had 307 units again this week (condos, single and multi-family homes up to 4 units) which also among the lowest I've ever seen.

Hoboken Absorption Rate Update December 9, 2011:

26.72 weeks vs. 36.92 weeks last week (27.6% decrease)


Downtown Jersey City Absorption Rate Update December 9, 2011

66.59 weeks vs. 78.31 weeks last week (15% 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 listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Downtown Jersey City Sales Update-December 9, 2011

There were ten sales in downtown Jersey City this week.

There was a low sale of $381/sq.ft. at 159 2nd Street this week.  I would think these would sell a little higher.

On the two bedroom side, there was a $476/sq.ft. sale that sold at 140 Bay Street.  That's a great per sq. ft. price for a 1700 sq. ft. unit.

There was also a strong sale of $460/sq. ft. at 154 Steuben.  It was under contract in 4 days.  I knew this was going to go fast when I went to the first open house and there were 4 buyers waiting to get into the property.

Please click on the link below if you can't view 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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken Sales Update-December 9, 2011

There were a total of 15 sales this week in Hoboken.

One bedroom sales surged to $551/sq.ft. led by a strong $818/sq.ft. sale at Maxwell Place.

Two bedroom condos showed a slight uptick for $456/sq.ft. this week, led by a $627/sq.ft. sale at Maxwell Place.

Just one three bedroom sale at 507 Madison for a low $400/sq.ft.


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

>
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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken Pending Sales Finally Decrease This Week-Hoboken/Downtown Jersey City Pending Sales Update-December 2, 2011

The streak has ended for Hoboken and pending sales dipped by 1.4% this week.
As I mentioned last week, inventories are low and taking a little longer to sell right now, but they are selling.

Pending Sales for Hoboken December 2, 2011:
142 dabos vs. 144 last week (1.4% decrease)


Pending Sales for Downtown Jersey City December 2, 2011:
114 dabos vs. 114 last week (no change)

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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: http://www.twitter.com/KevinDowdHBJC

Things are Still Selling in Hoboken This Week-Downtown Jersey City-Not So Much-Absorption Rate Update-December 2, 2011

Inventories for Hoboken dropped to 264 units (condos, single and multi-family homes up to 4 units) this week.  This is the lowest inventory I've ever seen.

Downtown Jersey City had 307 units (condos, single and multi-family homes up to 4 units) which also among the lowest I've ever seen.

Hoboken Absorption Rate Update December 2, 2011:

36.92 weeks vs. 37.07 weeks last week (.04% decrease)


Downtown Jersey City Absorption Rate Update December 2, 2011

78.31 weeks vs. 51.67 weeks last week (51.6% 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 listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

4 Sales at 77 Hudson This Week-Downtown Jersey City Sales Update-December 2, 2011

There were seven sales in downtown Jersey City this week.

There were three 1BR sales at 77 Hudson this week for a very strong $651/sq.ft. It's a great building, but the prices seem a little high for this market.

On the 2BR front, there was a $453/sq.ft sale at 65 2nd Street (The Portofino).

There were two single family sales right on Jersey Avenue that were in contract in an average time of 57 days. Sale prices were strong, but still lower that what you'd pay in Hoboken.

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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Sale Price Dip This Week in Hoboken-Hoboken Sales Update-December 2, 2011

There were a total of 11 sales this week in Hoboken.

There were only two 2BR sales this week for an average sale price of just $373/sq.ft

Two bedroom condos also sold lower than usual at $447/sq.ft.  There were a couple of good deals that were snatched up this week like 620 Jefferson that sold for a lowish $413/sq. ft.

On the three bedroom front prices fared a little better with an average sales price of $473/sq.ft.  That was bolstered by a $607/sq.ft. sale at Maxwell Place.


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



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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

November, 2011 Stats Update

The problem we're having this month is that inventories have reduced so dramatically that decent properties that are priced well are being snapped up in aggressive bidding wars.  I've been involved in three bidding wars on properties in the last 3 weeks.


In all three situations bidding was aggressive, but never pushed over the asking price, because buyers know in the back of their minds that we're still in a buyer's market. 


I'm curious to see what happens when bids start to go over asking price. 


Many owners have decided to either rent out their properties for a year or three to see if home values increase or not.  


Absorption Rate
The absorption rates for Hoboken and downtown Jersey City both increased over October numbers, but are still down when compared to November, 2010.  


Again, the data shows that properties are staying on the market for less time in both Hoboken and downtown Jersey City as compared to last year.


A light at the end of the tunnel, perhaps?


Pending Sales
Pending sales for Hoboken were up 13% compared to last month and up 3.86% compared to last year. In downtown Jersey City, pending sales were flat as compared to last month, but have increased 6.53% versus the same time last year.


Another sign that things might be starting to improve?


Transactions
Transactions are down 27.5% for Hoboken and 9.1% for downtown Jersey City because there's no good inventory out there.


I have three buyers that cannot find a property to buy.


Price Per Square Foot-Hoboken
The price per square foot for 1 bedroom condos in Hoboken decreased by 6.9% to $461.92/sq.ft. and is also down 6.4% when compared to November, 2010.


2 bedroom prices increased by just .57% to $461.97/sq.ft. and increased 5.65% from November, 2010.


3 bedroom prices increased 14.25% to $479/sq.ft. and are up 19.5% when compared to November, 2010.  There is a lack of affordable 3 bedroom condos in Hoboken.


Price Per Square Foot-Newport
1 bedroom prices in the Newport area increased by 18.61% this month to $529/sq.ft. but are up 14.44% compared to the same period last year.


2 bedroom prices decreased 10.4% to $397/sq.ft. but actually increased 1.6% over the same period last year.


Newport prices have dropped quite a bit from their highs and as a result people are holding onto their properties or are renting them out waiting for prices to rebound.


Price Per Square Foot-Downtown
1 bedroom prices increased 7.7% to $402.75/sq.ft. but are down 3.3% compared to the same period last year.


2 bedroom prices increased by just .01% to $439.90/sq.ft. but are up by 18.57% over last year.


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 Hoboken listings:
www.viewhobokenhomes.com


Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com


Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Pending Sales Increase for Hoboken and Downtown Jersey City-Pending Sales Update-November 25, 2011

The number of properties under contract increased again this week for both Hoboken and downtown Jersey City this week.

This is the fifth consecutive increase in pending sales for Hoboken and the third consecutive increase for downtown Jersey City.

Inventories are low and taking a little longer to sell right now, but they are selling.

Pending Sales for Hoboken November 25, 2011:


144 dabos vs. 137 last week (5.1% increase)


Pending Sales for Downtown Jersey City November 25, 2011:


114 dabos vs. 113 last week (.89% 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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: http://www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Absorption Rate Update-November 25, 2011

Hoboken Absorption Rate Update November 25, 2011:

37.07 weeks vs. 43.50 weeks last week (14.8% decrease)


Downtown Jersey City Absorption Rate Update November 25, 2011

51.67 weeks vs. 58.49 weeks last week (11.7% 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 listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

4 Sales This Week in Downtown Jersey City-Downtown Jersey City Sales Update-November 25, 2011

There were just four sales in downtown Jersey City this week.

There was a low sale at $397/sq.ft. at 311 Washington Street (Washington Commons). It's a nice building...not sure why it sold so low.


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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Two Bedroom Sales at $529/sq.ft., One Bedroom Sales at $457/sq.ft.-Hoboken Sales Update-November 25, 2011

There were a total of 8 sales this week in Hoboken.

There were four 1 bedroom condos that sold this week for an average sales price of $457/sq.ft.  There were two sales in the mid-$300/sq.ft. range which dragged down the weekly average.

Two bedroom condos averaged $529/sq.ft. and were bolstered by a $631/sq.ft. sale at Maxwell Plae (1125 Maxwell Lane).

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



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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Increases for Hoboken and Downtown Jersey City-Pending Sales Update- November 18, 2011

The number of properties under contract increased again this week for both Hoboken and downtown Jersey City this week.

This is the fourth consecutive increase in pending sales for Hoboken and the second consecutive increase for downtown Jersey City.

Inventories are low and taking a little longer to sell right now, but they are selling.

Pending Sales for Hoboken November 18, 2011:


137 dabos vs. 130 last week (5.39% increase)


Pending Sales for Downtown Jersey City November 11, 2011:


113 dabos vs. 109 last week (3.7% 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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: http://www.twitter.com/KevinDowdHBJC

Properties Staying on the Market This Week-Absorption Rate Update-November 18, 2011

Hoboken Absorption Rate Update November 18, 2011:

43.50 weeks vs. 33.56 weeks last week (29.61% increase)


Downtown Jersey City Absorption Rate Update November 18, 2011

58.49 weeks vs. 51.20 weeks last week (14.23% 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 listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

2 Sale in Downtown Jersey City-Downtown Jersey City Sales Update-November 18, 2011

There were just two sales in downtown Jersey City this week.

There was a short sale at 88 Morgan that closed at a very low $400/sq.ft. The original owner of this property paid $686/sq.ft. We're going to see a lot more short sales at 88 Morgan over the next 24 months.

Taxes are over $9700/year and maintenance is $593/month and doesn't include parking. What many buyers don't realize is that taxes can't be appealed on building with a tax abatement and 88 Morgan has a tax abatement until 2028! OUCH!

A 3 family sold on 8th and Erie for $710,000. Priced well, but the rent roll is a little low at $2100/month, but if they can rent out the third apartment for a decent rent it should almost break even.

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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

2BR Townhouse at Maxwell Place sells for $651/sq.ft. ($2,090,045)-Hoboken Sales Update-November 18, 2011

There were a total of 11 sales this week in Hoboken.

There was a small, but renovated studio that sold for a strong $647/sq.ft., but smaller units typically sell for way above average. I had been told that the finances for this building were horrible, so I wonder how the buyer was able to get financing.

There was a great 1BR that sold at Hudson Tea for $506/sq.ft. These are great 1BR units with a TON of closet space. These are true 1BR units, not the 735 sq.ft. studios.

A two bedroom + 2 den townhouse sold at Maxwell for a strong $651/sq.ft.  These townhomes faces that city and are amazing on the inside.

Overall, it was a pretty good week for sales in Hoboken.

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



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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

No Good 1BR & 2BR Inventory in Downtown Hoboken-Great Time to Sell!-November 16, 2011

There are no good 1BR & 2BR condos on the market right now in Hoboken. If you live downtown and are considering selling, now might be a great time to list your property.

I have a buyer that lost TWO bidding wars on downtown Hoboken 2BR condos in the last two weeks.

Give me a call if you're even considering listing your property.

You might be surprised to find out what it's worth.


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 listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Pending Sales Are Up-But Where Is All The Inventory? Hoboken/Downtown Jersey City Pending Sales Update-November 11, 2011

Inventory is low for Hoboken (302 units-condo to 4 family) and for downtown Jersey City (319 units-condo to 4 family) but properties that are out there do sell in this market which is why pending sales have been trending up over the last few weeks.

The problem that I'm seeing is that many buyers aren't willing or able to sell their properties at a loss. Many of the condos that sold in 2006 to 2009 are worth less now.

Sellers incorrectly think that they can just short sale (sell for less than the mortgage value) their property if it's worth less than they paid for it. What they don't realize is that if they have good salaries and can easily cover their mortgage payments a bank won't approve their short sale.


Pending Sales for Hoboken November 11, 2011:

130 dabos vs. 128 last week (1.57% increase)


Pending Sales for Downtown Jersey City November 11, 2011:

109 dabos vs. 104 last week (4.8% 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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: http://www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Absorption Rate Update-November 11, 2011

Hoboken Absorption Rate Update November 11, 2011:

33.56 weeks vs. 32.30 weeks last week (3.9% increase)


Downtown Jersey City Absorption Rate Update November 11, 2011

51.20 weeks vs. 52.32 weeks last week (2.2% 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 listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

2 Bedroom Sales Heat Up This Week-Downtown Jersey City Sales Report-November 11, 2011

There were a total of 9 sales in downtown Jersey City this week.

The big news this week for downtown Jersey City was in the 2 bedroom/downtown market. There were a total of 5 sales with an average sales price of $439/sq.ft. which is excellent. Prices in the two bedroom downtown market have been heating up over the last several months.

Please click on the link below if you can't view 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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

7 Total Sales in Hoboken-One Great Sale-Hoboken Sales Update-November 11, 2011

I would first like to take a moment to thank everyone who has defended our country.
You are not forgotten.

We had a total of seven sales this week in Hoboken.

On the one bedroom front, there was a sale of $391/sq.ft. at 707 Monroe which didn't help things. Average sales price for the week was $418/sq.ft.

Two bedroom condos also sold poorly this week with an average sales price of $387/sq.ft. There were two sales at 2 Constitution that sold in the $425/$435 sq. ft. range this week. There were units in this building that were selling for $700+/sq.ft. foot around 6 years ago. Ouch!

The deal of the week has to be 163 Newark Street. This unit sold in $2009 for $391/sq.ft. ($587,000) and just closed for $513/sq.ft. There were some structural issues with the building that scared away buyers back in 2009 which is why it was sold so cheaply.


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



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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Pending Sales Update-November 4, 2011

Pending Sales for Hoboken November 4, 2011:

128 dabos vs. 126 last week (1.6% increase)


Pending Sales for Downtown Jersey City November 4, 2011:

104 dabos vs. 110 last week (5.5% 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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: http://www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Absorption Rate Update-November 4, 2011

Hoboken Absorption Rate Update November 4, 2011:

32.30 weeks vs. 32.87 weeks last week (1.7% decrease)


Downtown Jersey City Absorption Rate Update November 4, 2011
52.32 weeks vs. 57.01 weeks last week (8.2% 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 listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

13 Sales This Week in Downtown Jersey City-Downtown Jersey City Sales Report-November 4, 2011

We had a good sales week in downtown Jersey City this week with a total of 13 sales.

1 bedroom sales in the Newport are averaged a strong $529/sq.ft. this week led by a $537/sq.ft. sale at 20 2nd Street (The Mandalay).

1 bedroom sales in the downtown area averaged a strong $412/sq.ft. led by a $451/sq.ft. sale at 100 Tidewater Street (Liberty Harbor). Expect good things from the Liberty Harbor area over the next several years. There are several large projects slated for development in this area.

2 bedroom sales in the downtown averaged $455/sq.ft. led by two sales at 78 Wayne Street (The Rosina) that hovered around the $500/sq.ft. range.

There were also three brownstone sales this week as well at prices that are comprable to Hoboken brownstone prices.

Please click on the link below if you can't view 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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Prices Change in Hoboken-Hoboken Sales Update-November 4, 2011

There were a total of 10 sales in Hoboken this week.

There was one 1 bedroom sale this week at a very strong $529/sq.ft.
On the 2 bedroom front, there were 8 sales this week.  There were two sales at The Constution that sold for $425/sq.ft. and $435/sq. ft. Several years ago, these properties were selling in the $800+/sq.ft. range.

The most recent sale at 82 Clinton sold for $470/sq.ft. These units were selling in the $560/sq.ft. range about four years ago.

There was also a great 2 family sale on 11th & Park for $892,500.  The property needed some updating, but was still a great deal.

How times have changed.

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



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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Prices Up for Hoboken-Down in Downtown Jersey City-Monthly Stats Update-November 1, 2011

Many buyers find it hard to believe when I tell them that prices in Hoboken and downtown Jersey City haven't really dropped much over the last year.  


I will often show prospective buyers my data which shows how prices haven't changed drastically over the past 12 months.  Prices for studios through 3 bedroom condos have all increased in Hoboken when compared to October, 2010.  In downtown Jersey City, prices in the Newport area have increased across the board and in the downtown area prices have increased for 2 bedroom and decreased for 1 bedroom units by just 6.7% when compared to last year.




Absorption Rate
The absorption rate for Hoboken increased slightly to 29.51 weeks and increased incrementally to 45.03 weeks for downtown Jersey City. What does this mean?  Based on the current sales pace, inventory is in the normal range for Hoboken and slightly elevated for downtown Jersey City.  It's interesting to note that absorption rates for Hoboken and downtown Jersey City are 33.3% and 32.7% lower than October 2010 rates.  


This is great news because it indicates that properties are moving faster than they were last year at this time.




Pending Sales
Pending sales dropped for Hoboken and downtown Jersey City for October.  Not big drops, but drops nonetheless.  Hoboken pending sales are down 12.1% from October, 2010 and downtown Jersey City is up 11.68 from the same time last year. 




Transactions
The number of actual sales for Hoboken and downtown Jersey City are down 32.3% and 31.25%, respectively, when compared to last month and down 33.3% and 15.4% when compared to October, 2010.  There are fewer properties selling, but they are selling well.




Price Per Square Foot-Hoboken
The price per square foot for 1 bedroom condos in Hoboken increased by 6.9% to $496.15/sq.ft. and is also up 9.3% when compared to October, 2010.


2 bedroom prices increased by 1.5% to $461.34/sq.ft. and increased 1.3% from September, 2011.


3 bedroom prices dipped by 6.3% but are up 10.9% when compared to September, 2010.




Price Per Square Foot-Newport
1 bedroom prices in the Newport area dropped by 17.1% this month to 446/sq.ft. but are up 15.6% compared to the same period last year.


2 bedroom prices decreased 4.9% to $443/sq.ft. but actually increased 31.5% over the same period last year.




Price Per Square Foot-Downtown
1 bedroom prices dropped 10.8% to $373.80/sq.ft. and is down 6.7% compared to the same period last year.


2 bedroom prices dipped by just .4% to $435.33/sq.ft. but are up by 17.9% over last year.




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 Hoboken listings:
www.viewhobokenhomes.com


Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com


Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Pending Sales UP This Week for Hoboken-Hoboken/Downtown Jersey City Pending Sales Update-October 28, 2011

Pending sales picked up nicely for the last week of the month with Hoboken seeing a nice increase of 13.5% in pending sales.  Properties are selling, but it just takes a little longer than we're used to.

Pending Sales for Hoboken October 28, 2011:

126 dabos vs. 111 last week (13.5% decrease)


Pending Sales for Downtown Jersey City October 28, 2011:

110 dabos vs. 103 last week (6.8% 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 Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow me on Twitter: http://twitter.com/KevinDowdHBJC

Absorption Rate Update-October 28, 2011

The market has definitely slowed a bit over the last several weeks.  Properties are selling, but they're just taking slightly longer than we've seen over the last few months.

Hoboken Absorption Rate Update October 28, 2011:

32.87 weeks vs. 30.23 weeks last week (8.73% increase)


Downtown Jersey City Absorption Rate Update October 28, 2011
57.01 weeks vs. 44.65 weeks last week (27.68% 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 listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Slow Sales Week-Jersey City Sales Update-October 28, 2011

We had a slow sales week in downtown Jersey City with just two sales.

There was a studio sale at 77 Hudson for $638/sq.ft. You need to take a look at this building if you love amenities. The gym in the building feels more like a small health club.

The second sale was a 25 Hudson (Liberty Terrace) that sold for a lowish $423/sq.ft.

Please click on the link below if you can't view 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 Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Slow Sales Week in Hoboken BUT Sale Prices Look Good-Hoboken Sales Update-October 28, 2011

There were a total of 9 sales in Hoboken this week.

One bedroom sales averaged $481/sq. ft. this week with two sales pushing very close to the magical $500/sq.ft. barrier.

Two bedroom sales did OK at $437/sq.ft. but were dragged down by a $306/sq.ft. sale at 505 Monroe Street.
Please click on the link below if you can't see the spreadsheet:



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 Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Jersey City Heights Short Sales-October 27, 2011

Interesting fact: 42% of all 2 to 4 family properties in Jersey City Heights under $300,000 are short sales.


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 Hoboken listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Pending Sales Update-October 21, 2011

There's a chill in the air and it's not just the weather!

However, prices in both Hoboken and downtown Jersey City were solid this week which leads me to believe that the properties out there are selling well.

Pending Sales for Hoboken October 21, 2011:

111 dabos vs. 121 last week (8.3% decrease)


Pending Sales for Downtown Jersey City October 21, 2011:

103 dabos vs. 100 last week (3% 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 Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow me on Twitter: http://twitter.com/KevinDowdHBJC

Absorption Rate Update-October 21, 2011

Hoboken Absorption Rate Update October 21, 2011:

30.23 weeks vs. 27.28 weeks last week (10.8% increase)


Downtown Jersey City Absorption Rate Update October 21, 2011
44.65 weeks vs. 38.99 weeks last week (14.5% 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 listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Few Sales, But Solid Prices-Downtown Jersey City Sales Update-October 21, 2011

Just 4 sales in downtown Jersey City this week. None of them were in the Newport area. Many sellers in the Newport area don't want to sell at big losses.

The averages sale prices for 1BR condos is solid at $347/sq. ft. and $440/sq.ft. for 2BR condos.

Not many sales, but the sales that did take place were pretty solid.

Please click on the link below if you can't view 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 Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

1BR and 2BR Sales Surge-Hoboken Sales Update-October 21, 2011

There was a total of 20 sales this week in Hoboken.

1BR condos surged to $503/sq.ft. this week led by a sale at 818 Jefferson at $562/sq.ft. and a sale at 725 Jefferson at $541/sq.ft.

2BR condos also did very well this week with an average sale price of $492/sq.ft. The charge was led this week by a $625/sq.ft. sale at 1500 Hudson (Hudson Tea), $530/sq.ft. sale at 41 1st Street, and a $598/sq.ft. sale at 1425 Garden.

Great sales week Hoboken!

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



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 Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Pending Sales Update-October 14, 2011

Pending Sales for Hoboken October 14, 2011:

121 dabos vs. 119 last week (1.7% increase)


Pending Sales for Downtown Jersey City October 14, 2011:

100 dabos vs. 108 last week (7.5% 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 Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow me on Twitter: http://twitter.com/KevinDowdHBJC

Hoboken/ Downtown Jersey City Absorption Rate Update-October 14, 2011

Absorption rates held steady this week. Hopefully a sign of good things to come.


Hoboken Absorption Rate Update October 14, 2011:

27.28 weeks vs. 27.69 weeks last week (1.5% decrease)


Downtown Jersey City Absorption Rate Update October 14, 2011:

38.99 weeks vs. 39.52 weeks last week (1.6% 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 listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Downtown Jersey City Sales Update-October 14, 2011

There were a total of 11 sales this week in downtown Jersey City.

Strangely, there were no sales in the Newport area this week. Many buyers in these areas simply don't want sell at a loss.

1BR sales in the downtown area averaged $425/sq.ft. while 2BR sales in the downtown area averaged $404/sq.ft.

No real standouts this week.

Please click on the link below if you can't view 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 Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken Sales Update-October 14, 2011

There was a total of 8 sales this week in Hoboken.

1BR condos averaged a strong $496/sq.ft. this week led by a $556/sq.ft. sale at Maxwell Place.

2BR sales this week only averaged $428/sq. ft. and were lowered by a $363/sq.ft. sale at 1331 Grand.

Fairly slow week overall.

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



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 Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow Me on Twitter: www.twitter.com/KevinDowdHBJC

Hoboken/Downtown Jersey City Pending Sales Update-October 7, 2011

The brakes are still on for buying this week. Hoboken did increase 5.3%, but I'

Pending Sales for Hoboken October 7, 2011:

119 dabos vs. 113 last week (5.3% increase)


Pending Sales for Downtown Jersey City October 7, 2011:

108 dabos vs. 111 last week (2.8% 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 Hoboken listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow me on Twitter: http://twitter.com/KevinDowdHBJC

Absorption Rate Update-October 7, 2011

Hoboken Absorption Rate Update October 7, 2011:

27.69 weeks vs. 27.29 weeks last week (1.4% increase)


Downtown Jersey City Absorption Rate Update October 7, 2011:

39.52 weeks vs. 46.96 weeks last week (15.9% 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 listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

Follow me on Twitter: www.twitter.com/KevinDowdHBJC