tag:blogger.com,1999:blog-33206308160569496562024-03-17T23:04:03.686-04:00Hoboken/Downtown Jersey City Real Estate Market BlogKevin Dowd Real Estatehttp://www.blogger.com/profile/13943138390098176980noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-3320630816056949656.post-59350058883741056932024-03-06T19:26:00.001-05:002024-03-06T19:34:43.859-05:00February Real Estate News | Big Changes Ahead for downtown Jersey City?<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivbc3B0WGp-p9e3VWcqA5k_PkOcjA_6D58F1JYEqv7qbLQDIKlDrc-qWkEUUffIdQ6fIV6LLlG7QH232Sq2qWDUlgF6cRua0Fn9T0C0J_bWsmBK1Pr6y7BTGO1swTDuDRKajT2JdK7fbN_hwa4E6nbMXZuxTZzxks429AyFBSBaHcag0JPkmCFyeDpMhE/s2000/February%202024%20Market%20Stats.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivbc3B0WGp-p9e3VWcqA5k_PkOcjA_6D58F1JYEqv7qbLQDIKlDrc-qWkEUUffIdQ6fIV6LLlG7QH232Sq2qWDUlgF6cRua0Fn9T0C0J_bWsmBK1Pr6y7BTGO1swTDuDRKajT2JdK7fbN_hwa4E6nbMXZuxTZzxks429AyFBSBaHcag0JPkmCFyeDpMhE/w578-h640/February%202024%20Market%20Stats.png" width="578" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Hoboken continues to stay firmly in seller's market territory at 7.80 weeks of inventory, while downtown Jersey City slips ever closer to buyer's market territory at 28.76 weeks of inventory.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">A buyer's market takes place when inventory is at least 32 weeks.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><b><u>Hoboken</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The big news for Hoboken is that pending sales shot up 58.21% to 106 units. This is a good indication that demand is strong and will certainly help keep the market.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Pricing remains robust with all market segments well over $800/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><b><u>Downtown Jersey City</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">The big news for January is that the pace of sales increased 16.16% to 28.76 weeks. Pending sales did increase 20% to 120 units, which should help to stabilize/lower the absorption rate in the upcoming weeks.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">This lingering inventory has helped ease up demand and in turn caused 1BR prices to drop this month and 2BR prices to show a modest increase.</span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><div style="text-align: center;"><br /></div><div><div style="clear: both; text-align: center;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><div style="text-align: center;"><span style="font-weight: 700;"><br /></span></div></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif;"><div><div style="text-align: center;"><b>Kevin G. Dowd</b></div><div style="text-align: center;"><span style="font-size: small;"><span style="color: #333333;">Broker of Record</span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"> </span></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div style="text-align: center;"><span style="font-size: small;"><span style="color: #333333;">5 Marine View Plaza</span></span></div><div style="text-align: center;"><span style="font-size: small;"><span style="color: #333333;">Suite 310</span></span></div><div><div style="text-align: center;"><span style="color: #333333;">Hoboken, New Jersey 07030</span></div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><div style="text-align: center;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></div></span></div></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Hudson County, New Jersey Referral Partner</b></span></div><div style="text-align: center;"><br /></div></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333;">Associate Broker</span></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333;">400 Garden City Plaza, Suite 438</span></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333;">Garden City, New York 11530</span></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Long Island, New York Referral Partner</b></span></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif; text-align: center;"><span><b><span style="color: #444444;"><a href="http://www.hobokenrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif; text-align: center;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif; text-align: center;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; text-align: center;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif; text-align: center;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div><div style="text-align: center;"><span face="Calibri, Arial, Helvetica, sans-serif" style="color: #282828; font-size: 12.8px;"><br /></span></div><div style="text-align: center;"><br /></div></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div></div></div><div style="text-align: center;"><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-68796600093850368502024-02-16T14:12:00.001-05:002024-02-16T14:13:08.885-05:00JAN '24 REAL ESTATE REPORT <p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0HJcIejQPIChwJ10Cvz4yYruwTS99V0BV5dxpLudIndSx5EVOFpVXxt3Zi4vW8ZITEH_N4o8XN0VNkUkAZaVVA4v4Jn3B8nHteWqsTjXFBYB0on6bj7BRItW9UtuKWwiheR14znVw5-2kllaGrgLJjxrOak1UX45y2K50TSO53gugFwfZNR41CQgpVWU/s2000/January%202024%20Market%20Stats.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0HJcIejQPIChwJ10Cvz4yYruwTS99V0BV5dxpLudIndSx5EVOFpVXxt3Zi4vW8ZITEH_N4o8XN0VNkUkAZaVVA4v4Jn3B8nHteWqsTjXFBYB0on6bj7BRItW9UtuKWwiheR14znVw5-2kllaGrgLJjxrOak1UX45y2K50TSO53gugFwfZNR41CQgpVWU/w578-h640/January%202024%20Market%20Stats.png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">It's been a solid start to 2024, but there are some slowdowns taking place, especially in downtown Jersey City.</span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><b><u>Hoboken</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The big news for January is that the pace of sales was up 82.88% to 8.12 weeks. Still firmly in seller's market territory, but a big jump nonetheless.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><b><u>Downtown Jersey City</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">The big news for January is that the pace of sales increased 41.08% to 24.76 weeks. Still in seller's market territory, but getting closer to becoming a buyer's market, which would happen at 32 weeks.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">This lingering inventory has helped ease up demand and in turn caused 1BR and 2BR prices to drop this month.</span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><div style="text-align: center;"><br /></div><div><div style="clear: both; text-align: center;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><div style="text-align: center;"><span style="font-weight: 700;"><br /></span></div></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif;"><div><div style="text-align: center;"><b>Kevin G. Dowd</b></div><div style="text-align: center;"><span style="font-size: small;"><span style="color: #333333;">Broker of Record</span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"> </span></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div style="text-align: center;"><span style="font-size: small;"><span style="color: #333333;">5 Marine View Plaza</span></span></div><div style="text-align: center;"><span style="font-size: small;"><span style="color: #333333;">Suite 310</span></span></div><div><div style="text-align: center;"><span style="color: #333333;">Hoboken, New Jersey 07030</span></div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><div style="text-align: center;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></div></span></div></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Hudson County, New Jersey Referral Partner</b></span></div><div style="text-align: center;"><br /></div></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333;">Associate Broker</span></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333;">400 Garden City Plaza, Suite 438</span></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333;">Garden City, New York 11530</span></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Long Island, New York Referral Partner</b></span></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div style="text-align: center;"><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif; text-align: center;"><span><b><span style="color: #444444;"><a href="http://www.hobokenrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif; text-align: center;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif; text-align: center;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; text-align: center;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif; text-align: center;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div><div style="text-align: center;"><span style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12.8px;"><br /></span></div><div style="text-align: center;"><br /></div></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div></div></div><div style="text-align: center;"><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com1tag:blogger.com,1999:blog-3320630816056949656.post-16391808723175675752024-01-24T18:41:00.003-05:002024-01-25T08:46:52.166-05:002023 End of Year Update | A Record Breaking Year<p> </p><h1 style="text-align: center;"><b><span style="font-family: arial;"><br class="Apple-interchange-newline" />2023 Year End Summary</span></b></h1><div><div class="separator" style="clear: both; font-weight: bold; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">In a year plagued with high mortgage rates we still had a record-breaking year in many categories.</span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">The continued dynamic of lower inventory coupled with high demand drove prices to record levels.</span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">The increasing rents that we are experiencing in the area also continues to convert renters into buyers.</span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">Now with mortgage rates easing there have been predictions that the market will continue its strength into 2024.</span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div></div><div><span style="font-family: arial;">And now...off to the charts!</span></div><div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-v47azV97N-GTLODqcX6LbjQjGBHfcbAMlnu1Ad3EjLpIAknlHGFkWQcjzwo7-4ZAMeLeTJw31fvHEtGNDPf9Lf0ZUQCROY5swqylJ5-zNkKI6A0FvK97h7Qe79kQYjShtkgU1sLc_LQY8tpnW-WVriDMPTtHHBPqiw9tqyNFT6pCQH0jv-8JgM9e63c/s1008/2023%20Stats.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="485" data-original-width="1008" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-v47azV97N-GTLODqcX6LbjQjGBHfcbAMlnu1Ad3EjLpIAknlHGFkWQcjzwo7-4ZAMeLeTJw31fvHEtGNDPf9Lf0ZUQCROY5swqylJ5-zNkKI6A0FvK97h7Qe79kQYjShtkgU1sLc_LQY8tpnW-WVriDMPTtHHBPqiw9tqyNFT6pCQH0jv-8JgM9e63c/s16000/2023%20Stats.jpg" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzwtQXgl_4twLyRiryfvZhzHoOauGfBARpEO1Y7w7XRJGN6UyCwzsev7HnhIMA4v1qyUpQG_jpTZC1J4jfv8gE742Zn60MtPdxndkQ0zvl1g9NLiiEF6cC6Er5apW1DqxxjRbrj15qbiGTINy4mW4-EaWv0-8TNHsKrbf3VGsADuL9sTaikusKl1LEEFQ/s925/Absorption%20Rate%20(Weeks)%20(2).png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="401" data-original-width="925" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzwtQXgl_4twLyRiryfvZhzHoOauGfBARpEO1Y7w7XRJGN6UyCwzsev7HnhIMA4v1qyUpQG_jpTZC1J4jfv8gE742Zn60MtPdxndkQ0zvl1g9NLiiEF6cC6Er5apW1DqxxjRbrj15qbiGTINy4mW4-EaWv0-8TNHsKrbf3VGsADuL9sTaikusKl1LEEFQ/s16000/Absorption%20Rate%20(Weeks)%20(2).png" /></a></div><br /><br /><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">The pace of sales in Hoboken at 6.73 weeks of inventory is the fastest that I have on record since I started recording data in 2009.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Downtown Jersey City at 13.89 weeks hasn't seen properties move this quickly since 2017.</span></div><div><span style="font-family: arial;"><br /></span></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqg2h7k4gEwbGlfe_1yIOmnmTme0Dij42KWFaP3EeCbcu9AUOvcAwGM_mrordKxt-IYbtAWnYDg8q1Icm2sLshZ_6yMmCFPDIKYJ3ICmG7MSx4-RWqYsA8HpHeJX7hc7jsJMoB_sTguVlNDlqogizdQETgb9XtyLeY2Ogpf_IP1CjyDq-7eh141tNG7-U/s810/Pending%20Sales%20(3).png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="423" data-original-width="810" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqg2h7k4gEwbGlfe_1yIOmnmTme0Dij42KWFaP3EeCbcu9AUOvcAwGM_mrordKxt-IYbtAWnYDg8q1Icm2sLshZ_6yMmCFPDIKYJ3ICmG7MSx4-RWqYsA8HpHeJX7hc7jsJMoB_sTguVlNDlqogizdQETgb9XtyLeY2Ogpf_IP1CjyDq-7eh141tNG7-U/s16000/Pending%20Sales%20(3).png" /></a></div><br /></div><div><br /></div><div><span style="font-family: arial;">Average monthly pending sales for Hoboken dropped 36.30% from last year to 100.92 units which is the lowest levels on record since I started recording data in 2009</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Average monthly pending sales for downtown Jersey City dropped 26.41% to 98.67 units which is also </span><span style="font-family: arial;">the lowest levels on record since I started recording data in 2009</span><span style="font-family: arial;">.</span></div><div><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNjnICDwUSSRPPXLjbR7m8DkMlbgZDE1eWRss9dsM4uY7jFJJTFZ17fITNUz_cNMYSbietxhd4w0y8oFBpBuvrMqosw3nZDilEQNIWXBVvQj23WJRVZmmBXlvOWcQQsPwbFi68KyarGoZHnV7ugvCENQFrdX8YUp6r3m_a3HzhKoA_6l44ZReeMWjOBJ8/s933/Days%20on%20Market%20(4).png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="401" data-original-width="933" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNjnICDwUSSRPPXLjbR7m8DkMlbgZDE1eWRss9dsM4uY7jFJJTFZ17fITNUz_cNMYSbietxhd4w0y8oFBpBuvrMqosw3nZDilEQNIWXBVvQj23WJRVZmmBXlvOWcQQsPwbFi68KyarGoZHnV7ugvCENQFrdX8YUp6r3m_a3HzhKoA_6l44ZReeMWjOBJ8/s16000/Days%20on%20Market%20(4).png" /></a></div><br /><div><br /></div><div><br /></div><div><span style="font-family: arial;">Days on market in Hoboken dropped 13.33% to 26 days which is the lowest level I've seen since I started recording data in 2009.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Days on market in downtown Jersey City dropped 2.94% to 33 days which is the lowest I've seen since 2017.</span></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbwTcu_IkrxtOjyBBlk2_ajo-hOkVblGCPJrg76BygNm3btVGpi99MqvXQRgLOXK0XN_S0wajx5buGOhHz5eUSjT9dDdmWevmJoG9dpksN6gyGSVWKHJGPvjFBfHbvjuzdqZ-cOAr0h5hatDH_S5zESpoawPYpgTnwrmFvuUrL4ifp95xGHMaWtsp3Bj4/s980/Total%20Transactions%20(1).png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="401" data-original-width="980" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbwTcu_IkrxtOjyBBlk2_ajo-hOkVblGCPJrg76BygNm3btVGpi99MqvXQRgLOXK0XN_S0wajx5buGOhHz5eUSjT9dDdmWevmJoG9dpksN6gyGSVWKHJGPvjFBfHbvjuzdqZ-cOAr0h5hatDH_S5zESpoawPYpgTnwrmFvuUrL4ifp95xGHMaWtsp3Bj4/s16000/Total%20Transactions%20(1).png" /></a></div><div><br /></div><div><br /></div><div><span style="font-family: arial;">Total transactions for Hoboken are down a significant 37.17% to 568 units. This is the lowest level I have seen since I started recording data in 2009.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Downtown Jersey City is down 29.07% to 505 units. </span><span style="font-family: arial;">This is the lowest level I have seen since 2012.</span></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkwuTFOaKSbYf2P957Utg7_NoL2jrkDsafuuB0eCOfwXn-CvfzTQXh9_mV2JXi6CoiCbVFtahOgsgz1aaD1N05T1n7SkK4goJZ4Gp9IEEK6SoWv786xyryAo3ft6KKVpBiJMFE3QugEk45nIYALhC0tHIMMPF0TgcIvdGUYGz3rmvFrg4vgAXMVfsplhM/s985/Price%20Per%20Square%20Foot-Hoboken%20(1).png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="354" data-original-width="985" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkwuTFOaKSbYf2P957Utg7_NoL2jrkDsafuuB0eCOfwXn-CvfzTQXh9_mV2JXi6CoiCbVFtahOgsgz1aaD1N05T1n7SkK4goJZ4Gp9IEEK6SoWv786xyryAo3ft6KKVpBiJMFE3QugEk45nIYALhC0tHIMMPF0TgcIvdGUYGz3rmvFrg4vgAXMVfsplhM/s16000/Price%20Per%20Square%20Foot-Hoboken%20(1).png" /></a></div><div><br /></div><br /><div><b style="font-family: arial;"><span style="color: red;"><u>Hoboken 1BR, 2BR and 4BRprices were at all-time highs for 2023</u></span></b><span style="font-family: arial;">.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Studio: $795.29/sq.ft., down 6.48% from last year</span></div><div><span style="font-family: arial;">1BR: $820.48/sq.ft., up 7.14% from last year *RECORD HIGH*</span></div><div><span style="font-family: arial;">2BR: $837.47/sq.ft., up 7.99% from last year *RECORD HIGH*</span></div><div><span style="font-family: arial;">3BR: $822.60/sq. ft., down 7.09% from last year</span></div><div><span style="font-family: arial;">4BR: $904.89/sq.ft., up 9.56% from last year, *RECORD HIGH*</span></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9MQ8QkCU0rdepRD7BUjovpaHqTLKBUQRF32B4OknQFjS5QpaWG_2n9FprdzceWMdNnmhimS1I7YuF_vAhGSB4F1T7QETAZ2CWdrCH_Y7ae329uG97ynjhL2lAFfjkwWZiwoDlLG8CcRs-xERyiVOR2dUXTP5Hmp5onbIhFeltxf2B8STJNv2PKPQZooE/s904/Price%20Per%20Square%20Foot-Downtown%20Jersey%20City%20(1).png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="402" data-original-width="904" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9MQ8QkCU0rdepRD7BUjovpaHqTLKBUQRF32B4OknQFjS5QpaWG_2n9FprdzceWMdNnmhimS1I7YuF_vAhGSB4F1T7QETAZ2CWdrCH_Y7ae329uG97ynjhL2lAFfjkwWZiwoDlLG8CcRs-xERyiVOR2dUXTP5Hmp5onbIhFeltxf2B8STJNv2PKPQZooE/s16000/Price%20Per%20Square%20Foot-Downtown%20Jersey%20City%20(1).png" /></a></div><br /><div><b style="color: red; font-family: arial;"><u>Downtown Jersey City 1BR, 2BR and 3BR prices were all at all-time highs for 2023</u>. </b></div><div><div><span style="font-family: arial;"><br /></span></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><span style="font-family: arial;">1BR: $839.18/sq.ft., up 7.89% from last year *RECORD HIGH*</span></div><div><span style="font-family: arial;">2BR: $832.72/sq.ft., up 2.46% from last year *RECORD HIGH*</span></div><div><span style="font-family: arial;">3BR: $851.45/sq.ft., up 1.35% from last year *RECORD HIGH*</span></div><div class="separator" style="clear: both; text-align: center;"><div style="clear: both;"><br class="Apple-interchange-newline" /><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><b><br /></b></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif;"><div><div><b>Kevin G. Dowd</b></div><div><span style="font-size: small;"><span style="color: #333333;">Broker of Record</span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"> </span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span style="font-size: small;"><span style="color: #333333;">5 Marine View Plaza</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Suite 310</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Hoboken, New Jersey 07030<br /></span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Hudson County, New Jersey Referral Partner</b></span></div><div><br /></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Associate Broker</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">400 Garden City Plaza, Suite 438</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Garden City, New York 11530</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Long Island, New York Referral Partner</b></span></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span><b><span style="color: #444444;"><a href="http://www.newjerseyrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12.8px;"><br /><br style="background-color: white;" /></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br style="text-align: left;" /></div></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com1tag:blogger.com,1999:blog-3320630816056949656.post-41200027677487326212024-01-06T14:19:00.001-05:002024-01-06T14:22:40.934-05:00December Real Estate Update | ALL-TIME HIGHS! 2023 ENDS STRONG<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFzkHpufNXCVp2wawHlnwABHe4sN7aU_X1HX7XdItrDDAE5oJRGSqJ8A6pYWND1Vui7J_cT3hbbIk1AUvh20XfL_SkPDbTf_g7woKYTq953WS8fIkfxY-yM7CxTZvLA459pK7mSK2TKMgX4DGlzBNAdRpx_zOMznniw6uUfGYXUgevilDnew131CbztKo/s2000/December%202023%20Market%20Stats.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFzkHpufNXCVp2wawHlnwABHe4sN7aU_X1HX7XdItrDDAE5oJRGSqJ8A6pYWND1Vui7J_cT3hbbIk1AUvh20XfL_SkPDbTf_g7woKYTq953WS8fIkfxY-yM7CxTZvLA459pK7mSK2TKMgX4DGlzBNAdRpx_zOMznniw6uUfGYXUgevilDnew131CbztKo/w578-h640/December%202023%20Market%20Stats.png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">I hope everyone had a wonderful holiday season!</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The Hoboken and downtown Jersey City markets ended 2023 on a strong note!</span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><b><u>Hoboken</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The big news for December is that 2BR condos hit an all-time high of $924.77/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The continued lack of inventory coupled with strong demand and lower interest rates is fueling the market.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><b><u>Downtown Jersey City</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">The big news for December is that 1BR and 2BR units hit all-time highs. 1BR units reached $888.74/sq.ft. while 2BR units reached $959.30/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">There is speculation that pricing will remain strong in 2024 now that mortgage rates are dropping and more buyers are re-entering the market.</span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><div><br /></div><div><div style="clear: both;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><b><br /></b></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif;"><div><div><b>Kevin G. Dowd</b></div><div><span style="font-size: small;"><span style="color: #333333;">Broker of Record</span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"> </span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span style="font-size: small;"><span style="color: #333333;">5 Marine View Plaza</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Suite 310</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Hoboken, New Jersey 07030<br /></span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Hudson County, New Jersey Referral Partner</b></span></div><div><br /></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Associate Broker</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">400 Garden City Plaza, Suite 438</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Garden City, New York 11530</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Long Island, New York Referral Partner</b></span></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span><b><span style="color: #444444;"><a href="http://www.hobokenrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12.8px;"><br /><br style="background-color: white;" /></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com1tag:blogger.com,1999:blog-3320630816056949656.post-17559405990477868562023-12-19T13:00:00.004-05:002023-12-19T13:00:42.665-05:00Nov Update | 1BR Hits All-Time High<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisIqA3OnM5GZMFiBPZ_cKCk2r5ZCigkdQstTjNgh0_j9vEyaNxXEwEZ4jl124AO6ZeeYNvy3V6rpYVSItBYPA1cB8Xd-W6n1ullnXDviGvXJ6Y7HmjTzbzcTj6hT33xy_NePCRRpRfiWSHR19ax739BVgSZ62PaVQ7NRnYYx0pI2CyqMGhFZFv7qgsDWc/s2000/November%202023%20Market%20Stats.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisIqA3OnM5GZMFiBPZ_cKCk2r5ZCigkdQstTjNgh0_j9vEyaNxXEwEZ4jl124AO6ZeeYNvy3V6rpYVSItBYPA1cB8Xd-W6n1ullnXDviGvXJ6Y7HmjTzbzcTj6hT33xy_NePCRRpRfiWSHR19ax739BVgSZ62PaVQ7NRnYYx0pI2CyqMGhFZFv7qgsDWc/w578-h640/November%202023%20Market%20Stats.png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Wishing everyone a joyous holiday season and a prosperous New Year!</span></div><br /><p></p><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Mortgage rates are finally starting to come down!</span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><b><u>Hoboken</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The big news for November is that 1BR condos hit an all-time high of $923.09/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Lower inventory with increased demand was one of the driving factors in this.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Day on the market remained at 19 days which is 34.48% lower than this time last year.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><b><u>Downtown Jersey City</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">The big news for November is that total sales dropped 30.77% to 36 units. As is evidenced by the absorption rate increasing 22.74% to 20.46 weeks, sales are moving a little slower in downtown Jersey City at the moment. </span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">Pricing remains steady, except for 3BR condos which is always volatile.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div><div><br /></div><div><div><div style="clear: both;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><b><br /></b></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif;"><div><div><b>Kevin G. Dowd</b></div><div><span style="font-size: small;"><span style="color: #333333;">Broker of Record</span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"> </span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span style="font-size: small;"><span style="color: #333333;">5 Marine View Plaza</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Suite 310</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Hoboken, New Jersey 07030<br /></span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Hudson County, New Jersey Referral Partner</b></span></div><div><br /></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Associate Broker</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">400 Garden City Plaza, Suite 438</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Garden City, New York 11530</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Long Island, New York Referral Partner</b></span></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span><b><span style="color: #444444;"><a href="http://www.hobokenrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12.8px;"><br /><br style="background-color: white;" /></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com1tag:blogger.com,1999:blog-3320630816056949656.post-24848237741502806912023-11-17T13:52:00.000-05:002023-11-17T13:52:36.297-05:00October Update | Marry The House and Date the Rate<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4772c50PVyGY6Yk0FStTBByxJ1VmKWnNVrnmhdJKgw8Fh0qNm6iconbCUfP-2ei-8CtJCtRgrUFwCn71zR_dbmD4oG6MLkiES-zc-VjsgydVe9rIkkxoK1IQVylrjvtv_vMtF7DTFvPL2zBDczvrtW9gzLxUf0c4lmym_td962WuqTWAZmjrvj619hmw/s2000/October%202023%20Market%20Stats.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4772c50PVyGY6Yk0FStTBByxJ1VmKWnNVrnmhdJKgw8Fh0qNm6iconbCUfP-2ei-8CtJCtRgrUFwCn71zR_dbmD4oG6MLkiES-zc-VjsgydVe9rIkkxoK1IQVylrjvtv_vMtF7DTFvPL2zBDczvrtW9gzLxUf0c4lmym_td962WuqTWAZmjrvj619hmw/w578-h640/October%202023%20Market%20Stats.png" width="578" /></a></div><br /><p></p><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Remember..</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Marry The House....Date Your Mortgage Rate</span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><b><u>Hoboken</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The big news is that inventories remain low in Hoboken with the current inventory for September </span><span style="font-family: arial;">a</span><span style="font-family: arial;">t just 8.32 weeks.</span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">Even with slight dips for 1-2BR condos and a 12.85% average price drop for 3BR units, pricing for 1-4BR condos in Hoboken remained strong again for September, </span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">with all categories averaging over $800/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">4BR condos hit an all-time high at $1255.96/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><b><u>Downtown Jersey City</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">The big news for October is that even with an increase of 45.08% to 16.67 weeks, inventory remains firmly in seller's market territory for downtown Jersey City.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">1BR condos increased slightly to 1.95% to $862.01/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">2BR condos decreased 3.01% to $884.64/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">3BR condos performed well with an 3.74% increase to $970.14/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Limited inventory is still driving the market right now.</span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Still a great time to sell.</span></div><div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;"><br /></span></div><div><div><br /></div><div><div style="clear: both;"><br /></div><div style="clear: both;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><b><br /></b></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif;"><div><div><b>Kevin G. Dowd</b></div><div><span style="font-size: small;"><span style="color: #333333;">Broker of Record</span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"> </span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span style="font-size: small;"><span style="color: #333333;">5 Marine View Plaza</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Suite 310</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Hoboken, New Jersey 07030<br /></span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Hudson County, New Jersey Referral Partner</b></span></div><div><br /></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Associate Broker</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">400 Garden City Plaza, Suite 438</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Garden City, New York 11530</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Long Island, New York Referral Partner</b></span></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span><b><span style="color: #444444;"><a href="http://www.hobokenrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12.8px;"><br /><br style="background-color: white;" /></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com1tag:blogger.com,1999:blog-3320630816056949656.post-62555049339453037472023-10-17T14:43:00.001-04:002023-10-17T14:43:22.782-04:00September Update | Markets Still Remain Very Strong<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFz9u3Xgx6WpXT66M95m260RbpxErX8QDYdAr3tb9xxCyGcCepQwNk8JA0s5edPZJGWlr51VLhblQIU0MewUrIbWBa646v4GjQOHFz7Pn2JrkdAZPR3EOGXbYb3uUj8YOEkD1hxovu59gg1TtU442_KW0nFGBgezxoVw0j6Wsske8h2ZzHTnq-UJV0Wlw/s2000/September%202023%20Market%20Stats.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFz9u3Xgx6WpXT66M95m260RbpxErX8QDYdAr3tb9xxCyGcCepQwNk8JA0s5edPZJGWlr51VLhblQIU0MewUrIbWBa646v4GjQOHFz7Pn2JrkdAZPR3EOGXbYb3uUj8YOEkD1hxovu59gg1TtU442_KW0nFGBgezxoVw0j6Wsske8h2ZzHTnq-UJV0Wlw/w578-h640/September%202023%20Market%20Stats.png" width="578" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><b><u>Hoboken</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">The big news for September is that pricing remains robust despite higher interest rates. At this time, the supply of properties cannot keep up with the current demand.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">Studios took a 4.34% drop to $766.82/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">1 and 2BR condos stayed relatively stable with 1.56% and .05% increases, respectively.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">3BR rebounded 18.64% to a strong $947.54/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">Inventory remains low at just 7.25 weeks.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><b><u>Downtown Jersey City</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The big news for September is that the supply of properties also cannot keep up with the current demand.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">1BR condos dipped 2.22% to $845.49/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">2BR condos increased 11.50% to a strong $912.11/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">3BR condos also did very well with an 8.74% increase to $936.03/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Overall still a very active market for the few properties that are listed for sale.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Inventory remains low at 11.49 weeks.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Still a great time to sell.</span></div><div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;"><br /></span></div><div><div><br /></div><div><div style="clear: both;"><br /></div><div style="clear: both;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><b><br /></b></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif;"><div><div><b>Kevin G. Dowd</b></div><div><span style="font-size: small;"><span style="color: #333333;">Broker of Record</span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"> </span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span style="font-size: small;"><span style="color: #333333;">5 Marine View Plaza</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Suite 310</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Hoboken, New Jersey 07030<br /></span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Hudson County, New Jersey Referral Partner</b></span></div><div><br /></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Associate Broker</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">400 Garden City Plaza, Suite 438</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Garden City, New York 11530</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Long Island, New York Referral Partner</b></span></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span><b><span style="color: #444444;"><a href="http://www.hobokenrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12.8px;"><br /><br style="background-color: white;" /></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-54677385811474137992023-09-14T11:17:00.005-04:002023-09-14T11:33:44.815-04:00All-Time Highs Again This Month | August 2023 Real Estate Update<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjapIh4yF8-3hHY-JbRc--7k2L2T4P_EWrtVhxTrMt_3rAqlQAJnJedeb5xrBanJ11Fw4hfw559BKmY9b1x03mfsCopvGHz3s0AOGLvvtyseWFCn3GnnFi24hteVlIeXR4oVrHCE5iczFPX87PdTTpXgE7LueDiZqWFUeINQBisCqoMfrDVUHTIsf7-DNo/s2000/August%202023%20Market%20Stats%20(1).png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjapIh4yF8-3hHY-JbRc--7k2L2T4P_EWrtVhxTrMt_3rAqlQAJnJedeb5xrBanJ11Fw4hfw559BKmY9b1x03mfsCopvGHz3s0AOGLvvtyseWFCn3GnnFi24hteVlIeXR4oVrHCE5iczFPX87PdTTpXgE7LueDiZqWFUeINQBisCqoMfrDVUHTIsf7-DNo/w578-h640/August%202023%20Market%20Stats%20(1).png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><b><u>Hoboken</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">The big news for August is that Hoboken 2BR condos have reached an all-time high of $893.51/sq.ft. as low supply and high demand continue to drive prices higher.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">Studios edged just above the $800/sq.ft. ceiling at $801.59/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">1BR stayed fairly constant at $823.70/sq.ft. </span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">3BR dropped by 25.11% to $798.65/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;">Inventory is still very low with just 3.25 weeks of supply. </span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; text-align: left;"><b><u>Downtown Jersey City</u></b></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The big news for August is that 2BR and 3BR prices were identical to July. </span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">I've never seen that before in the almost 14 years I've been tracking data.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">1BR condos decreased very slightly to $864.68/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">2BR condos stayed steady at $818.03/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">3BR condos also stayed steady at $860.81/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Available inventory decreased to a still-low 14.65 weeks.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Overall still a very active market for the few properties that are listed for sale.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Still a great time to sell.</span></div><div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;"><br /></span></div><div><div><br /></div><div><div style="clear: both;"><br /></div><div style="clear: both;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><b><br /></b></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif;"><div><div><b>Kevin G. Dowd</b></div><div><span style="font-size: small;"><span style="color: #333333;">Broker of Record</span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"> </span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span style="font-size: small;"><span style="color: #333333;">5 Marine View Plaza</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Suite 310</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Hoboken, New Jersey 07030<br /></span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Hudson County, New Jersey Referral Partner</b></span></div><div><br /></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Associate Broker</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">400 Garden City Plaza, Suite 438</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Garden City, New York 11530</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Long Island, New York Referral Partner</b></span></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span><b><span style="color: #444444;"><a href="http://www.hobokenrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12.8px;"><br /><br style="background-color: white;" /></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-21769305943172437802023-08-17T13:48:00.002-04:002023-08-17T13:48:21.387-04:00The Big News This Week | $1066.38/Sq.Ft. for Hoboken 3BR<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgazuN-F81UTJkzfQEtUAp9UsIpaVrHbQUs1rFZkhPOF6glWm4-fdfzqhek4_yEfEtJ8zZ1nPyNHrSahSjmTpwUcKBQW6Jds9bjSqq6ZUwawftr6h8Qz3_09Xh5b3JieU70ISYDEDoTzpzAr4Oi61zMVCVtt-TDupeT72iqJn9g_HsfaLV030Zr74-4fXY/s2000/Copy%20of%20Copy%20of%20Copy%20of%20Market%20Stats%20(3).png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgazuN-F81UTJkzfQEtUAp9UsIpaVrHbQUs1rFZkhPOF6glWm4-fdfzqhek4_yEfEtJ8zZ1nPyNHrSahSjmTpwUcKBQW6Jds9bjSqq6ZUwawftr6h8Qz3_09Xh5b3JieU70ISYDEDoTzpzAr4Oi61zMVCVtt-TDupeT72iqJn9g_HsfaLV030Zr74-4fXY/w578-h640/Copy%20of%20Copy%20of%20Copy%20of%20Market%20Stats%20(3).png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><span style="font-family: arial;">The big news this week is that Hoboken 3BR hit $1066.38/sq. ft. This is only the second time 3BR prices have been above $1000/sq. ft. </span><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Days on the market for Hoboken remained very low at just 17 days.</span><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Hoboken pending sales dipped 5.08% while total sales dropped 34.48%. This is more of a result of a lack of inventory rather than decreased demand.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">The paces of sales for downtown Jersey City slowed to 17.92 weeks, but don't worry...</span><span style="font-family: arial;">we're still in seller's market territory.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Downtown Jersey City pending sales were up 19.80% and total transactions were up 32.73%. Further signs that the market is doing well in downtown Jersey City as well.</span></div><div><div><br /></div><div><div style="clear: both;"><br /></div><div style="clear: both;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><b><br /></b></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif;"><div><div><b>Kevin G. Dowd</b></div><div><span style="font-size: small;"><span style="color: #333333;">Broker of Record</span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"> </span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span style="font-size: small;"><span style="color: #333333;">100 Washington Street</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Hoboken, New Jersey 07030<br /></span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Hudson County, NJ Referral Partner</b></span></div><div><br /></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Associate Broker</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">400 Garden City Plaza, Suite 438</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Garden City, New York 11530</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Long Island, NY Referral Partner</b></span></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span><b><span style="color: #444444;"><a href="http://www.hobokenrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12.8px;"><br /><br style="background-color: white;" /></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-37297099900688114212023-07-18T07:39:00.002-04:002023-07-18T07:39:12.190-04:00Hoboken Hits All Time High | 4 Months Over $800/Sq. Ft for Jersey City<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiw2RqChU42mxxd7IB1nI9dHDa8qBw1iT7Lor0sk-atSlwz6f5ZSTrq5YSyibZBd928WKyL4XRHEyNhNXEyQ1kA4AM2bFQMBPTS3bfDu9ka_tjlPM47lzNdkmUsqe5lxT62Q3-zwK8C9GRTNncahc_9C6qshX8dtNyK0sZBJkcq4XF-ejGGf-Q89554jLE/s2000/Copy%20of%20Copy%20of%20Copy%20of%20Market%20Stats%20(1).png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiw2RqChU42mxxd7IB1nI9dHDa8qBw1iT7Lor0sk-atSlwz6f5ZSTrq5YSyibZBd928WKyL4XRHEyNhNXEyQ1kA4AM2bFQMBPTS3bfDu9ka_tjlPM47lzNdkmUsqe5lxT62Q3-zwK8C9GRTNncahc_9C6qshX8dtNyK0sZBJkcq4XF-ejGGf-Q89554jLE/w578-h640/Copy%20of%20Copy%20of%20Copy%20of%20Market%20Stats%20(1).png" width="578" /></a></div><br /><p></p><br /><div><span style="font-family: arial;">The big news this week is that the absorption rate for Hoboken reached 2.98 weeks for the month of June. This is the lowest absorption rate I have ever recorded since I started tracking data in October 2009. </span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">The absorption rate is an indicator of the pace of sales and details how many week's inventory a market has given the current pace of sales.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">1BR through 4BR condo sales in Hoboken averaged over $800/sq.ft. for the second month in a row.</span></div><div><br /></div><div><span style="font-family: arial;">Downtown Jersey City also performed very well with an absorption rate of 12.51 weeks which is also firmly in seller's market territory. 1 and 2BR condos both averaged over $800/sq. ft. for the fourth month in a row.</span></div><div><span style="font-family: arial;"><br /></span></div><div><div><span style="font-family: arial;">Steady and strong demand coupled with low inventory is keep pricing very strong. The higher interest rates don't seem to deter buyers as there's a general feeling now that interest rates will start to lower in the not-so-distant future.</span></div></div><div><br /></div><div><div><div style="clear: both;"><br /></div><div style="clear: both;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><b><br /></b></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif;"><div><div><b>Kevin G. Dowd</b></div><div><span style="font-size: small;"><span style="color: #333333;">Broker of Record</span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"> </span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span style="font-size: small;"><span style="color: #333333;">100 Washington Street</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Hoboken, New Jersey 07030<br /></span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Hudson County, NJ Referral Partner</b></span></div><div><br /></div></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"><b>Kevin G. Dowd</b></span></span></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Associate Broker</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">400 Garden City Plaza, Suite 438</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Garden City, New York 11530</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><b>Your Long Island, NY Referral Partner</b></span></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span><b><span style="color: #444444;"><a href="http://www.hobokenrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12.8px;"><br /><br style="background-color: white;" /></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-8873145264732064782023-06-13T14:52:00.004-04:002023-06-13T14:56:18.739-04:00Hoboken Averages OVER $800 Sq. Ft. |Hoboken/DTJC Real Estate Update<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0Us3imUezGRykJ8qiEk0pBtmfFsWc-WM6p7djyUB4KK83V3V48NXNfF1hnVUDsds-Bx0UMYId1eVv_cfazcJdfP7rsak1VnPCwIDHWkeEFIn1fv6WMKGLltWJDBDPTHlzL2--eksO1GAEMZslYEBwyp1EFrrvsPJasam8oi2qapR32o5Xv2XSFZ86/s2000/May%202023%20Market%20Stats.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0Us3imUezGRykJ8qiEk0pBtmfFsWc-WM6p7djyUB4KK83V3V48NXNfF1hnVUDsds-Bx0UMYId1eVv_cfazcJdfP7rsak1VnPCwIDHWkeEFIn1fv6WMKGLltWJDBDPTHlzL2--eksO1GAEMZslYEBwyp1EFrrvsPJasam8oi2qapR32o5Xv2XSFZ86/w578-h640/May%202023%20Market%20Stats.png" width="578" /></a></div><br /><span style="font-family: arial;">The big news this week is that all Hoboken studio to 4BR categories were sold at an average sales price of over $800/sq. ft. in May. This is the first time this has ever happened.</span><p></p><p><span style="font-family: arial;">This was no doubt fueled by the days on market for Hoboken plummeting to just 12, down 57.14% from last month.</span></p><p><span style="font-family: arial;">Total sales for Hoboken are up 20% to 60 units.</span></p><p><span style="font-family: arial;">Overall a very robust market.</span></p><p><span style="font-family: arial;">For downtown Jersey City, all categories also priced over $800/sq.ft., but this isn't the first time this has happened here.</span></p><p><span style="font-family: arial;">Days on the market for downtown Jersey City also dropped 16.67% to 30 days while total sales increased 15.38% to 45 units.</span></p><p><span style="font-family: arial;">Also a very strong market.</span></p><p><span style="font-family: arial;">Both markets seems to be accelerating at the moment as increased demand continues.</span></p><div><span style="font-family: arial;">Happy Searching!<br /></span><div><div style="clear: both;"><br /></div><div style="clear: both;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><b><br /></b></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif;"><div><div><b>Kevin G. Dowd</b></div><div><span style="font-size: small;"><span style="color: #333333;">Broker of Record</span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"> </span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span style="font-size: small;"><span style="color: #333333;">100 Washington Street</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Hoboken, New Jersey 07030<br /></span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></span></div></div><div><br /></div></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"><b>Kevin G. Dowd</b></span></span></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Associate Broker</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">400 Garden City Plaza, Suite 438</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Garden City, New York 11530</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span><b><span style="color: #444444;"><a href="http://www.hobokenrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12.8px;"><br /><br style="background-color: white;" /></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-64191975707928810582023-05-12T13:01:00.001-04:002023-05-12T13:07:07.590-04:00Where's The Inventory? | Hoboken & Jersey City Real Estate Report<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijFssfNG-Q9lKoBMzfeLe5HVwFQd9XS5vD86FbTnD2d1q9s9R5cBe-LbDaeD4yzYZNriSvXUEDdmObPmbL88GT7FfGnBeSJSTKfKuBuLYcpwle7yXTam1ul10uPY3XNnkpL_ZiJcysaQgmRw96c8sx-xySuuIGiCmE4eirVB7Iqr0BajUcydzYObOu/s2000/April%202023%20Market%20Stats%20(1).png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijFssfNG-Q9lKoBMzfeLe5HVwFQd9XS5vD86FbTnD2d1q9s9R5cBe-LbDaeD4yzYZNriSvXUEDdmObPmbL88GT7FfGnBeSJSTKfKuBuLYcpwle7yXTam1ul10uPY3XNnkpL_ZiJcysaQgmRw96c8sx-xySuuIGiCmE4eirVB7Iqr0BajUcydzYObOu/w578-h640/April%202023%20Market%20Stats%20(1).png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><b style="font-family: arial; text-align: left;">If you are looking to sell, now might be an ideal time. Many recent sales have been selling over asking...some by almost 10%!</b></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><b><br /></b></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><span class="ql-font-Arial" style="background-color: white; box-sizing: border-box; font-family: Arial, "Arial Narrow", arial; font-weight: bolder; white-space: pre-wrap;">I'm also happy to report that I have expanded my business into New York. Please let me know if you have any New York real estate needs. </span></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><span class="ql-font-Arial" style="background-color: white; box-sizing: border-box; font-family: Arial, "Arial Narrow", arial; font-weight: bolder; white-space: pre-wrap;"><br /></span></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><span class="ql-font-Arial" style="background-color: white; box-sizing: border-box; font-family: Arial, "Arial Narrow", arial; font-weight: bolder; white-space: pre-wrap;">Same story again for April...low inventory...properties selling quickly.</span></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><span class="ql-font-Arial" style="background-color: white; box-sizing: border-box; font-family: Arial, "Arial Narrow", arial; font-weight: bolder; white-space: pre-wrap;"><br /></span></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><span class="ql-font-Arial" style="background-color: white; box-sizing: border-box; font-family: Arial, "Arial Narrow", arial; font-weight: bolder; white-space: pre-wrap;">Don't forget to ask your lender for a free mortgage refi as part of your current loan!</span></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><span class="ql-font-Arial" style="background-color: white; box-sizing: border-box; font-family: Arial, "Arial Narrow", arial; font-weight: bolder; white-space: pre-wrap;"><br /></span></span></div><div class="separator" style="clear: both;"><span style="font-family: Arial, Arial Narrow, arial;"><span style="background-color: white; white-space: pre-wrap;">The absorption rate remains very low in Hoboken with just 7.80 weeks of inventory, down 12.16% from last month. Downtown Jersey City also remains low at 15.78 weeks of inventory, up 7.71% The properties that are for sale are moving quickly.</span></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Pending sales increased again in Hoboken for April by 18.97% to 138 units, but still down 42.50% as compared to April 2022. Downtown Jersey City increased pending sales by 1.98%, but is down 47.45% when compared to the same month last year. This is because there just is not enough inventory.</span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Because of the low inventory and high demand, pricing remains strong. Hoboken 1BR and 3BR units had less than a 1% decrease for April. Downtown 1BR, 2BR and 3BR units all had increases for April.</span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">I think that this backlog of inventory will continue a bit longer until mortgage rates start to come down.</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Sky high rents also continue to encourage tenants to consider purchasing which is another driving force. I hear that there's a large rental building in town that has raised 2BR rents by $1000 per month.</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Interesting times for sure!</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Happy Searching!<br /></span><div><div style="clear: both;"><br /></div><div style="clear: both;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><b><br /></b></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif;"><div><div><b>Kevin G. Dowd</b></div><div><span style="font-size: small;"><span style="color: #333333;">Broker of Record</span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"> </span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span style="font-size: small;"><span style="color: #333333;">100 Washington Street</span></span></div><div><span style="font-size: small;"><span style="color: #333333;">Hoboken, New Jersey 07030<br /></span></span><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></span></div></div><div><br /></div></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"><b>Kevin G. Dowd</b></span></span></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Associate Broker</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span face="arial, helvetica, sans-serif"></span></span></span></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">400 Garden City Plaza, Suite 438</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;">Garden City, New York 11530</span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span><b><span style="color: #444444;"><a href="http://www.hobokenrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12.8px;"><br /><br style="background-color: white;" /></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-64784061434567464212023-04-17T10:05:00.002-04:002023-04-26T13:47:27.981-04:00Now Might be The Right Time to Sell | March Report<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5PD67y-4jzKJdPS97dfoLTRy_35fOJ0D7N9bFt3Se8iazcPjutNwEjVY5Zz3ag7mE2p3w3lGDNHd2fTfpfrTGAza9j943xyyT7SdYb26blCK3rfZjFH0Fk3gpF5eOW5fzTcaqDHmXoiWq0mnYWoiHAAJHs9Jn6B4decH44ZOQHr2jAugznUdLXtbq/s2000/March%202023%20Market%20Stats.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5PD67y-4jzKJdPS97dfoLTRy_35fOJ0D7N9bFt3Se8iazcPjutNwEjVY5Zz3ag7mE2p3w3lGDNHd2fTfpfrTGAza9j943xyyT7SdYb26blCK3rfZjFH0Fk3gpF5eOW5fzTcaqDHmXoiWq0mnYWoiHAAJHs9Jn6B4decH44ZOQHr2jAugznUdLXtbq/w578-h640/March%202023%20Market%20Stats.png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><b><br /></b></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><b>If you are looking to sell, now might be an ideal time.</b></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><b><br /></b></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><span class="ql-font-Arial" style="background-color: white; box-sizing: border-box; font-family: Arial, "Arial Narrow", arial; font-weight: bolder; white-space: pre-wrap;">I'm also happy to report that I have expanded my business into New York. Please let me know if you have any New York real estate needs. </span></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">The market continued to strengthen for March as inventories remained low and demand continued to increase.</span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">Pending sales jumped 28.89% for Hoboken and 31.17% for downtown Jersey City and total sales jumped 82.61% for Hoboken and 25.93% for downtown Jersey City.</span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">These figures are similar to activity at the beginning of COVID and are way below pre-COVID levels.</span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">Pricing overall is still very strong with the highlights being 3BR in Hoboken at $968.94/sq.ft. and 1BR in downtown Jersey City at $820.45/sq.ft.</span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">Mortgage rates started to decline in March making buyers on the fence more comfortable with jumping into the market and helping to spur activity.</span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">There's definitely pent up supply waiting to be released, but sellers that are looking to upgrade in town or move to the suburbs need more/better options.</span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">Sky high rents are also causing many tenants to consider purchasing which is another driving force.</span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">Interesting times for sure!</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Happy Searching!<br /></span><div><div style="clear: both;"><br /></div><div style="clear: both;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><b><br /></b></span><div><div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div><div><b>Kevin G. Dowd</b></div><div><span style="font-size: small;"><span style="color: #333333;"><span style="font-family: arial, helvetica, sans-serif;">Broker of Record</span></span></span><span style="color: #333333; font-family: arial, helvetica, sans-serif; font-size: small;"> </span></div><div><span style="color: #333333; font-family: arial, helvetica, sans-serif; font-size: small;"><img data-os="https://drive.google.com/uc?id=0B4v8ondGtd6RdTBNN3dYQVZnVVU&export=download&resourcekey=0-s8l4OK0iA1QRBu7MOxbfCw" height="60" src="https://ci3.googleusercontent.com/mail-sig/AIorK4x_4IZQTEHB4sg5inFHVhLTsdtOtbDlIVLptvsNyPHXYf5Zvc5krwrpfGoeVv96ujHoEB-ynUqZc625-tzo5vEXEzoSVYBR9_aVCAk0AA" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span style="font-family: arial, helvetica, sans-serif;"></span></span></span></div><div><div style="font-size: 12.8px;"><span style="font-size: small;"><span style="color: #333333;"><span style="font-family: "arial black", sans-serif;"><span style="font-family: arial, helvetica, sans-serif;">100 Washington Street</span></span></span></span></div><div style="font-size: 12.8px;"><span style="font-size: small;"><span style="color: #333333;"><span style="font-family: "arial black", sans-serif;"><span style="font-family: arial, helvetica, sans-serif;">Hoboken, New Jersey 07030<br /></span></span></span></span><span style="color: #333333; font-family: arial, helvetica, sans-serif; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>201.659.8600 </b></span></div></div><div><br /></div></div><div><span style="font-size: small;"><span style="color: #333333;"><span style="font-family: arial, helvetica, sans-serif;"><b>Kevin G. Dowd</b></span></span></span></div><div><span style="color: #333333; font-family: arial, helvetica, sans-serif;">Associate Broker</span></div><div><span style="color: #333333; font-family: arial, helvetica, sans-serif; font-size: small;"><img data-aii="CiExT0d6SllBTWdzbF9xSlJHQ3B2czg1M0FZZks5NGlfY3o" data-os="https://lh3.googleusercontent.com/d/1OGzJYAMgsl_qJRGCpvs853AYfK94i_cz" height="37" src="https://ci3.googleusercontent.com/mail-sig/AIorK4xaSV8ZiVNy4Ey7Nl6dNLrLgRe-TeCsYSvUqgx4aVj6aXLC915nkOka5o3w4pGrRaaHWl0I_co" width="200" /><br /></span></div><div><span style="font-size: small;"><span style="color: #333333;"><span style="font-family: arial, helvetica, sans-serif;"></span></span></span></div><div><div><span style="color: #333333; font-family: arial, helvetica, sans-serif;">400 Garden City Plaza, Suite 438</span></div><div><span style="color: #333333; font-family: arial, helvetica, sans-serif;">Garden City, New York 11530</span></div><div style="font-size: 12.8px;"><span style="color: #333333; font-family: arial, helvetica, sans-serif; font-size: small;">Mobile: <b>201.606.5957</b> | Office: <b>516.873.7100</b></span></div></div></div><div style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px;"><div><span style="color: #333333; font-family: arial, helvetica, sans-serif;"><i><br /></i></span></div><div><span style="color: #333333; font-family: arial, helvetica, sans-serif;"><i>Each office is independently owned and operated.</i></span></div></div></div><div><div><span face="arial, helvetica, sans-serif" style="color: #333333;"><i><br /></i></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span><b><span style="color: #444444;"><a href="http://www.hobokenrealestatesearch.com/" style="color: #1155cc;" target="_blank">Click Here to Search Hudson County MLS Listings for Free</a></span><span style="color: #1155cc;"></span></b></span></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><b><span style="color: #444444;"><a href="http://www.alllongislandnyhomes.com/" style="color: #1155cc;" target="_blank">Click Here to Search Long Island MLS Listings for Free</a></span></b><br /></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif;"><b><br /></b></div><div style="font-family: Calibri, Arial, Helvetica, sans-serif;"><span style="color: #444444;"><b><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" style="color: #1155cc;" target="_blank">Click Here for the Latest Real Hoboken/Downtown Jersey City Real Estate Stats</a></b></span></div><div style="color: #282828; font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12.8px;"><br /><br style="background-color: white;" /></div></div></div></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-71629060954791316002023-03-17T16:00:00.002-04:002023-03-17T16:10:08.705-04:00February Real Estate Report | Record Prices Again! <p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRoQLw062kzQ297qOWWWak4B7XlTESS_aQa1a4NQ9ODYDkAQFT3v_WZ-xLsHc55T2WbymqPnV1a7wWMxJd8exNgToMIkQHtxhAXZoR104hM61AZPj8I_aBGqhcW6J_3pxT4va2nBP5q1HWyOQRSqTZ9rItKW2L-To4jSIaG6te6J7yo8bO90r8Ggkw/s2000/February%202023%20Market%20Stats%20(1).png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRoQLw062kzQ297qOWWWak4B7XlTESS_aQa1a4NQ9ODYDkAQFT3v_WZ-xLsHc55T2WbymqPnV1a7wWMxJd8exNgToMIkQHtxhAXZoR104hM61AZPj8I_aBGqhcW6J_3pxT4va2nBP5q1HWyOQRSqTZ9rItKW2L-To4jSIaG6te6J7yo8bO90r8Ggkw/w578-h640/February%202023%20Market%20Stats%20(1).png" width="578" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><span style="font-family: arial;">Pricing remains stable as a complete lack of inventory is driving up pricing.</span><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">2BR pricing in Hoboken reached record levels at $861.25/sq. ft. and is supported by the fact that many 2BR units are selling with multiple bids...and significantly over asking price.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">The pace of sales is still firmly in seller territory for both Hoboken and downtown Jersey City.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Basically, low supply and high demand are driving property prices higher.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">The lower mortgage rates that buyers were able to lock in a few weeks ago seem to have sparked activity.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">The complete lack of inventory is holding back many buyers from purchasing their first home or upgrading to a larger one.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Happy Searching!<br /></span><div><div style="clear: both;"><br /></div><div style="clear: both;"><br /></div><div style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><div class="separator" style="clear: both; text-align: left;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/s2483/Dowd%20Final%20Cropped.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2483" data-original-width="2148" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7tSODH8g5TAzDXZT6XyNur4KFpCMHHDmHOex16eBNe3YHCyu2E-jVlvI2rgurNCxlfZlU70AmvR4YZgogKcy4iWI-DT7u5IVShdSld48OJhnS9YshvKNXzwr0MM-ITxYqpaJCyR60exxgDwk02s7bYoBbs510Imj-S_vQtalrRGtrKlgGhIsn3HG4/w173-h200/Dowd%20Final%20Cropped.jpeg" width="173" /></a></div><br /></span><span style="font-family: arial;">Kevin G. Dowd</span></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><span style="font-family: arial;"><div class="separator" style="clear: both;"><span style="font-family: arial;">Broker of Record</span><br /><span style="font-family: arial;"><img border="0" data-original-height="334" data-original-width="1071" height="61" src="https://2.bp.blogspot.com/-iL88VWNowao/WmIiwCEZQJI/AAAAAAAABqE/eYJIrVIDI4syW4YqzeKR_7XFx3rNIcHngCLcBGAs/s200/KellerWilliams_Realty_CityLife_Logo_RGB.jpg" width="200" /></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">100 Washington Street</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Hoboken, New Jersey 07030</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Cellular: 201.606.5957 | Office: 201.659.8600 </span></div><div class="separator" style="clear: both;"><span style="font-family: arial; font-size: x-small;"><i>Each office is independently owned and operated.</i></span></div><span style="color: #222222; font-family: arial;"><div class="separator" style="clear: both;"><span style="font-family: arial;"><span style="color: #222222; font-family: arial;"><br /></span></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><span style="color: #222222; font-family: arial;"><i>Licensed in New York and New Jersey</i></span></span></div><br /></span><div><div><span style="font-family: arial;"><a href="https://docs.google.com/spreadsheets/d/e/2PACX-1vRpbTg7cmkgyWMfTmoAw2BAT3g7sosq7vAMS1dn54GEM0gs-6w0Pog0UuFnXYXpPoJqjio7RPNYYpgC/pubhtml" style="color: #6060ca; text-decoration-line: none;" target="_blank"></a><b><span face=""arial" , "helvetica" , sans-serif"><span style="color: #444444;">Search MLS Listings for free at</span><span style="color: #282828;"> <a href="http://viewhobokenhomes.com/">ViewHobokenHomes.com</a> and <a href="http://downtownjerseycityhomes.com/">DowntownJerseyCityHomes.com</a>.</span></span></b></span></div><div><div><span style="font-family: arial;"><b><br /></b></span></div><span style="font-family: arial;"><b><span style="color: #222222;">Get the latest real estate statistics at </span><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" target="_blank"><span style="color: #2b00fe;">HobokenJerseyCityRealEstateBlog.com</span></a>.</b></span></div><div style="color: #282828;"><span style="font-family: arial;"><b><br /></b></span></div><div><br style="background-color: white; font-family: Times; font-size: 14.85px; text-align: center;" /></div></div></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-42012940656515920392023-02-09T13:27:00.003-05:002023-02-09T13:57:11.006-05:002023 in Underway! Where are We Headed?<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPNkQic3uxdru89eP8mm7_HzucrBgTN3jEE4pfpK4vO4_HNz3k6fIYtfywvqZ8MyMswOpA32nw8oFcsPUrEW1_dzuaepokBU_AEfC3SM_9yPD8haYvuduU8aeHMm_jE6useBBi0yyqOb650lQ4h7Da18oCFE5HcjgstTJpzQE-SZzRkIoybtToFVZq/s2000/January%202023%20Market%20Stats%20Hoboken%20Downtown%20Jersey%20City.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPNkQic3uxdru89eP8mm7_HzucrBgTN3jEE4pfpK4vO4_HNz3k6fIYtfywvqZ8MyMswOpA32nw8oFcsPUrEW1_dzuaepokBU_AEfC3SM_9yPD8haYvuduU8aeHMm_jE6useBBi0yyqOb650lQ4h7Da18oCFE5HcjgstTJpzQE-SZzRkIoybtToFVZq/w361-h400/January%202023%20Market%20Stats%20Hoboken%20Downtown%20Jersey%20City.png" width="361" /></a></div><br /><p style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span><span style="font-weight: normal;"><span style="font-family: arial;">OK. So 2023 is now underway! We're off to an OK start. Just OK. </span></span></p><p style="clear: both; text-align: left;"><span style="font-weight: normal;"><span style="font-family: arial;"><br /></span></span><span style="font-weight: normal;"><span style="font-family: arial;">The pace of sales slowed for both Hoboken and downtown Jersey City.</span></span></p><p style="clear: both; text-align: left;"><span style="font-weight: normal;"><span style="font-family: arial;"><br /></span></span><span style="font-weight: normal;"><span style="font-family: arial;">Hoboken is still very much in seller's market territory while downtown Jersey City is heading towards a more neutral market.</span></span></p><p style="clear: both; text-align: left;"><span style="font-weight: normal;"><span style="font-family: arial;"><br /></span></span><span style="font-weight: normal;"><span style="font-family: arial;">Total sales was relatively stable for January with sales dipping from 38 to 30 units in Hoboken and 34 to 30 units in downtown Jersey City.</span></span></p><p style="clear: both; text-align: left;"><span style="font-weight: normal;"><span style="font-family: arial;"><br /></span></span><span style="font-weight: normal;"><span style="font-family: arial;">2 and 3BR pricing for Hoboken dipped, while 1 and 2BR pricing in downtown Jersey City increased.</span></span></p><p style="clear: both; text-align: left;"><span style="font-weight: normal;"><span style="font-family: arial;"><br /></span></span><span style="font-weight: normal;"><span style="font-family: arial;">It looks like we're trying to find our footing as we enter the spring market.</span></span></p><p style="clear: both; text-align: left;"><span style="font-weight: normal;"><span style="font-family: arial;"><br /></span></span><span style="font-weight: normal;"><span style="font-family: arial;">Mortgage rates have gone down over the last several weeks which should start to incentivize buyers to enter the market.</span></span></p><h2 style="clear: both; text-align: left;"><br /></h2><div><div style="clear: both; text-align: left;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><a href="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s1600/edits-1002%2B%25283%2529.jpg" style="margin-left: 1em; margin-right: 1em;"><br class="Apple-interchange-newline" /><img border="0" data-original-height="1074" data-original-width="754" height="200" src="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s200/edits-1002%2B%25283%2529.jpg" width="140" /><br /></a></span><span style="font-family: arial;">Kevin G. Dowd</span></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><span style="font-family: arial;"><div class="separator" style="clear: both;"><span style="font-family: arial;">Broker of Record</span><br /><span style="font-family: arial;"><img border="0" data-original-height="334" data-original-width="1071" height="61" src="https://2.bp.blogspot.com/-iL88VWNowao/WmIiwCEZQJI/AAAAAAAABqE/eYJIrVIDI4syW4YqzeKR_7XFx3rNIcHngCLcBGAs/s200/KellerWilliams_Realty_CityLife_Logo_RGB.jpg" width="200" /></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">100 Washington Street</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Hoboken, New Jersey 07030</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Cellular: 201.606.5957 | Office: 201.659.8600 </span></div><div class="separator" style="clear: both;"><span style="font-family: arial; font-size: x-small;"><i>Each office is independently owned and operated.</i></span></div><span style="color: #222222; font-family: arial;"><br /></span><div><div><span style="font-family: arial;"><a href="https://docs.google.com/spreadsheets/d/e/2PACX-1vRpbTg7cmkgyWMfTmoAw2BAT3g7sosq7vAMS1dn54GEM0gs-6w0Pog0UuFnXYXpPoJqjio7RPNYYpgC/pubhtml" style="color: #6060ca; text-decoration-line: none;" target="_blank"></a><b><span face=""arial" , "helvetica" , sans-serif"><span style="color: #444444;">Search MLS Listings for free at</span><span style="color: #282828;"> <a href="http://viewhobokenhomes.com/">ViewHobokenHomes.com</a> and <a href="http://downtownjerseycityhomes.com/">DowntownJerseyCityHomes.com</a>.</span></span></b></span></div><div><div><span style="font-family: arial;"><b><br /></b></span></div><span style="font-family: arial;"><b><span style="color: #222222;">Get the latest real estate statistics at </span><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" target="_blank"><span style="color: #2b00fe;">HobokenJerseyCityRealEstateBlog.com</span></a>.</b></span></div><div style="color: #282828;"><span style="font-family: arial;"><b><br /></b></span></div><div><br style="background-color: white; font-family: Times; font-size: 14.85px; text-align: center;" /></div></div></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-36649602550545779122023-01-12T14:25:00.149-05:002023-01-19T22:21:03.863-05:002022 Year End Summary | Market Breaks Several Records!<h2 style="text-align: center;"><b><span style="font-family: arial;"><br /></span></b></h2><h2 style="text-align: center;"><b><span style="font-family: arial;"><br /></span></b></h2><h1 style="text-align: center;"><b><span style="color: red; font-family: arial;">2022 Year End Summary</span></b></h1><div><b><span style="font-family: arial;"><br /></span></b></div><div><span style="font-family: arial;">Well, here we are! </span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">The moment you have all been waiting for! </span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">How did we do in 2022? </span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">In a word...AMAZING!</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">The dramatic increase in interest rates this year sent a shockwave through the market. </span><span style="font-family: arial;">Once the new reality settled in, serious buyers adjusted their expectations and moved forward with their home searches. We may never see 3% mortgage rates again.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Record prices and fast-moving inventory capped off a very exciting year.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Lower demand coupled with lower inventory helped keep prices consistently high.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Skyrocketing rents have also started to convert tenants into buyers.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">And now...off to the charts!</span></div><div><span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial;"><iframe frameborder="0" height="401" scrolling="no" seamless="" src="https://docs.google.com/spreadsheets/d/e/2PACX-1vQCol1xZtcEd4FDsrl46ugKjJlOsOPDCKAp5cbZ21SczYw9UX4i1n832_OT9DwqHiga_HWWSWfulfbp/pubchart?oid=636604876&format=interactive" width="925"></iframe>
</span><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">The pace of sales in Hoboken is the fastest that I have on record since I started recording data in 2009.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Downtown Jersey City hasn't seen properties move this quickly since 2017.</span></div><div><br /></div>
<span style="font-family: arial;"><iframe frameborder="0" height="423" scrolling="no" seamless="" src="https://docs.google.com/spreadsheets/d/e/2PACX-1vQCol1xZtcEd4FDsrl46ugKjJlOsOPDCKAp5cbZ21SczYw9UX4i1n832_OT9DwqHiga_HWWSWfulfbp/pubchart?oid=880442572&format=interactive" width="810"></iframe>
</span><div><br /></div><div><span style="font-family: arial;">Pending sales for Hoboken dropped 26.85% from last year, but was met with lower demand.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Pending sales for downtown Jersey City dropped 24.43% and was also meet with lower demand.</span></div><div><span style="font-family: arial;"><br /></span></div>
<div><span style="font-family: arial;"><iframe frameborder="0" height="401" scrolling="no" seamless="" src="https://docs.google.com/spreadsheets/d/e/2PACX-1vQCol1xZtcEd4FDsrl46ugKjJlOsOPDCKAp5cbZ21SczYw9UX4i1n832_OT9DwqHiga_HWWSWfulfbp/pubchart?oid=513226789&format=interactive" width="933"></iframe></span></div><div><br /></div><div><span style="font-family: arial;">Days on market in Hoboken dropped 18.92% to 30 days which are levels we haven't seen since 2017.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Days on market in downtown Jersey City are just 2.86% off last year.</span></div><div><span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial;"><iframe frameborder="0" height="401" scrolling="no" seamless="" src="https://docs.google.com/spreadsheets/d/e/2PACX-1vQCol1xZtcEd4FDsrl46ugKjJlOsOPDCKAp5cbZ21SczYw9UX4i1n832_OT9DwqHiga_HWWSWfulfbp/pubchart?oid=2046441239&format=interactive" width="980"></iframe>
</span><div><br /></div><div><span style="font-family: arial;">Total transactions for Hoboken are down a significant 23.52% to 904 units.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Downtown Jersey City is down 16.24% to 712 units.</span></div><div><br /></div>
<span style="font-family: arial;"><iframe frameborder="0" height="354" scrolling="no" seamless="" src="https://docs.google.com/spreadsheets/d/e/2PACX-1vQCol1xZtcEd4FDsrl46ugKjJlOsOPDCKAp5cbZ21SczYw9UX4i1n832_OT9DwqHiga_HWWSWfulfbp/pubchart?oid=323461058&format=interactive" width="985"></iframe>
</span><div><br /></div><div><span style="font-family: arial;">Now here's where the real fun starts!</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;"><b><span style="color: red;"><u>Hoboken Studio, 1BR, 2BR and 3BR prices were at all-time highs for 2022</u></span></b>.</span></div><div><span style="font-family: arial;"><br /></span></div>
<span style="color: red; font-family: arial;"><b><u><iframe frameborder="0" height="402" scrolling="no" seamless="" src="https://docs.google.com/spreadsheets/d/e/2PACX-1vQCol1xZtcEd4FDsrl46ugKjJlOsOPDCKAp5cbZ21SczYw9UX4i1n832_OT9DwqHiga_HWWSWfulfbp/pubchart?oid=762316724&format=interactive" width="904"></iframe></u></b></span><div><span style="color: red; font-family: arial;"><b><u><br /></u></b></span><div><span style="color: red; font-family: arial;"><b><u>Downtown Jersey City 2BR and 3BR prices were at all-time highs for 2022</u>. </b></span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">1BR prices were off just .39% from 2021 prices, which were the all-time highs for this segment.</span></div><div><span style="font-family: arial;"><br /></span></div><div><div style="clear: both;"><span style="font-family: arial;"><div style="text-align: center;">Happy Home Search!</div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div></span><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><a href="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s1600/edits-1002%2B%25283%2529.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1074" data-original-width="754" height="200" src="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s200/edits-1002%2B%25283%2529.jpg" width="140" /><br /></a></span><span style="font-family: arial;">Kevin G. Dowd</span></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><span style="font-family: arial;"><div class="separator" style="clear: both;"><span style="font-family: arial;">Broker of Record</span><br /><span style="font-family: arial;"><img border="0" data-original-height="334" data-original-width="1071" height="61" src="https://2.bp.blogspot.com/-iL88VWNowao/WmIiwCEZQJI/AAAAAAAABqE/eYJIrVIDI4syW4YqzeKR_7XFx3rNIcHngCLcBGAs/s200/KellerWilliams_Realty_CityLife_Logo_RGB.jpg" width="200" /></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">100 Washington Street</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Hoboken, New Jersey 07030</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Cellular: 201.606.5957 | Office: 201.659.8600 </span></div><div class="separator" style="clear: both;"><span style="font-family: arial; font-size: x-small;"><i>Each office is independently owned and operated.</i></span></div><span style="color: #222222; font-family: arial;"><br /></span><div><div><span style="font-family: arial;"><a href="https://docs.google.com/spreadsheets/d/e/2PACX-1vRpbTg7cmkgyWMfTmoAw2BAT3g7sosq7vAMS1dn54GEM0gs-6w0Pog0UuFnXYXpPoJqjio7RPNYYpgC/pubhtml" style="color: #6060ca; text-decoration-line: none;" target="_blank"></a><b><span face=""arial" , "helvetica" , sans-serif"><span style="color: #444444;">Search MLS Listings for free at</span><span style="color: #282828;"> <a href="http://viewhobokenhomes.com/">ViewHobokenHomes.com</a> and <a href="http://downtownjerseycityhomes.com/">DowntownJerseyCityHomes.com</a>.</span></span></b></span></div><div><div><span style="font-family: arial;"><b><br /></b></span></div><span style="font-family: arial;"><b><span style="color: #222222;">Get the latest real estate statistics at </span><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" target="_blank"><span style="color: #2b00fe;">HobokenJerseyCityRealEstateBlog.com</span></a>.</b></span></div><div style="color: #282828;"><span style="font-family: arial;"><b><br /></b></span></div><div><br style="background-color: white; font-family: Times; font-size: 14.85px; text-align: center;" /></div></div></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div><div><span style="font-family: arial;"><br /></span></div><div><br /></div>
</div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-9114700974373754822023-01-05T15:06:00.002-05:002023-01-05T15:06:17.163-05:00December Real Estate News | Record Prices in Hoboken, Downtown JC Struggling<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbHABdJDpTvOPuoeJBE1aev3ZiMMzN6-l_l6kdyU8Eav2HzW1VcJE-ZVDaxAN9DvRbCFrQrbgXeLZGnvbk5cXvQqMtoE64wQa-IqlwUp6xxiItiHGu8Zb3uhSaC1rEphh5CCN4kk6K_XBmq-UpTLqrriEK03x9V3LvoLfm2JzJNNNIJMcu9fYd57cw/s2000/Dec%202022%20Hoboken%20Jersey%20City.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbHABdJDpTvOPuoeJBE1aev3ZiMMzN6-l_l6kdyU8Eav2HzW1VcJE-ZVDaxAN9DvRbCFrQrbgXeLZGnvbk5cXvQqMtoE64wQa-IqlwUp6xxiItiHGu8Zb3uhSaC1rEphh5CCN4kk6K_XBmq-UpTLqrriEK03x9V3LvoLfm2JzJNNNIJMcu9fYd57cw/w578-h640/Dec%202022%20Hoboken%20Jersey%20City.png" width="578" /></a></div><span style="font-family: arial;"><br /></span><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><b style="color: red; font-family: arial; text-align: left;"><br class="Apple-interchange-newline" /></b><h3><b style="color: red; font-family: arial; text-align: left;">Stay tuned for my 2022 Real Estate Wrap Up...Coming Soon!</b></h3></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div style="clear: both; text-align: left;"><span style="font-family: arial;">The market has continued its normal seasonal slowdown with pending sales dropping for both Hoboken and downtown Jersey City. </span></div><div style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span><span style="font-family: arial;">However, Hoboken and downtown Jersey City are telling somewhat different stories at the moment.</span></div><div style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span><span style="font-family: arial;">Hoboken is showing near record-low inventory with prices remaining stable. 3BR condos actually reached an all-time high average price of $1159.69/sq. ft., bolstered by an impressive $1788.46/sq. ft. sale at 1500 Garden Street.</span></div><div style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span><span style="font-family: arial;">Downtown Jersey City saw a slightly less of a dip in pending sales than in Hoboken, but inventory has been lingering the on the market a bit longer and as a result, prices declined in December in the 1BR and 2BR market segments.</span></div><div style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span><span style="font-family: arial;">As we continue through the winter and enter into the spring market is when we will see if we rebound from the winter slowdown or if that market is really starting to shift. </span><span style="font-family: arial;">Our market overall is a bit different in that we have such a huge rental base that as the market starts to soften, renters become buyers. I have already started to see this, especially with rental prices at record highs.</span></div><div style="clear: both; text-align: left;"><br /></div><div style="clear: both; text-align: left;"><span style="font-family: arial;"><br /><div style="text-align: center;">Happy Hunting!</div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div></span><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><a href="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s1600/edits-1002%2B%25283%2529.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1074" data-original-width="754" height="200" src="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s200/edits-1002%2B%25283%2529.jpg" width="140" /><br /></a></span><span style="font-family: arial;">Kevin G. Dowd</span></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><span style="font-family: arial;"><div class="separator" style="clear: both;"><span style="font-family: arial;">Broker of Record</span><br /><span style="font-family: arial;"><img border="0" data-original-height="334" data-original-width="1071" height="61" src="https://2.bp.blogspot.com/-iL88VWNowao/WmIiwCEZQJI/AAAAAAAABqE/eYJIrVIDI4syW4YqzeKR_7XFx3rNIcHngCLcBGAs/s200/KellerWilliams_Realty_CityLife_Logo_RGB.jpg" width="200" /></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">100 Washington Street</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Hoboken, New Jersey 07030</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Cellular: 201.606.5957 | Office: 201.659.8600 </span></div><div class="separator" style="clear: both;"><span style="font-family: arial; font-size: x-small;"><i>Each office is independently owned and operated.</i></span></div><span style="color: #222222; font-family: arial;"><br /></span><div><div><span style="font-family: arial;"><a href="https://docs.google.com/spreadsheets/d/e/2PACX-1vRpbTg7cmkgyWMfTmoAw2BAT3g7sosq7vAMS1dn54GEM0gs-6w0Pog0UuFnXYXpPoJqjio7RPNYYpgC/pubhtml" style="color: #6060ca; text-decoration-line: none;" target="_blank"></a><b><span face=""arial" , "helvetica" , sans-serif"><span style="color: #444444;">Search MLS Listings for free at</span><span style="color: #282828;"> <a href="http://viewhobokenhomes.com/">ViewHobokenHomes.com</a> and <a href="http://downtownjerseycityhomes.com/">DowntownJerseyCityHomes.com</a>.</span></span></b></span></div><div><div><span style="font-family: arial;"><b><br /></b></span></div><span style="font-family: arial;"><b><span style="color: #222222;">Get the latest real estate statistics at </span><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" target="_blank"><span style="color: #2b00fe;">HobokenJerseyCityRealEstateBlog.com</span></a>.</b></span></div><div style="color: #282828;"><span style="font-family: arial;"><b><br /></b></span></div><div><br style="background-color: white; font-family: Times; font-size: 14.85px; text-align: center;" /></div></div></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-18769033819120075712022-12-07T13:20:00.004-05:002023-01-05T14:45:10.385-05:00Prices Hold Steady in Hoboken and Downtown Jersey City<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJiepuAuTAlMopF0KkxfCWPVGkxPOwuREvhieN1DJJLuNuwJwmWD8C6m7GJh5pjF_6IbJpkk_oRDcUFkS2O9t9VcJ3TLz-v6yYE9iBUb53kjtP2bllJ1W4v4p5K5bwq_bzZo3YlAFvxFU7KBykj3iXexEDTZ7TOUNkrLTzXXzwAAb2w-lZXNphV_I0/s2000/November%202022%20Market%20Stats.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJiepuAuTAlMopF0KkxfCWPVGkxPOwuREvhieN1DJJLuNuwJwmWD8C6m7GJh5pjF_6IbJpkk_oRDcUFkS2O9t9VcJ3TLz-v6yYE9iBUb53kjtP2bllJ1W4v4p5K5bwq_bzZo3YlAFvxFU7KBykj3iXexEDTZ7TOUNkrLTzXXzwAAb2w-lZXNphV_I0/w578-h640/November%202022%20Market%20Stats.png" width="578" /></a></div><br /><p></p><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><span style="font-family: arial; font-size: medium;">The market has started to slow down at a faster pace than last year. The interesting tidbit is that the lower inventory has matched the lower demand and has kept pricing pretty much in check.</span><div><span style="font-family: arial; font-size: medium;"><br /></span></div><div><span style="font-family: arial; font-size: medium;">Buyers waiting for massive price drops just aren't seeing them. </span></div><div><span style="font-family: arial; font-size: medium;"><br /></span></div><div><span style="font-family: arial; font-size: medium;">As long as the lower demand matches our lower inventories, pricing should remain stable.</span></div><div><span style="font-family: arial; font-size: medium;"><br /></span></div><div><span style="font-family: arial; font-size: medium;">We are still seeing bidding wars in certain situations.</span></div><div><span style="font-family: arial; font-size: medium;"><br /></span></div><div><span style="font-family: arial; font-size: medium;">It appears that the recent rate increases are helping to tame inflation finally. If the increases ease up or stop altogether, that should offer some relief to mortgage rates and incentivize buyers and sellers who have been waiting on the sidelines.</span></div><div><span style="font-family: arial; font-size: medium;"><br /></span></div><div><span style="font-family: arial; font-size: medium;">The recent Fed rate increases are the fastest that we have ever seen. I don't think people would be so concerned with mortgage rates if it happened more gradually.</span></div><div><br /></div><div><div><div><div><div class="separator" style="clear: both; text-align: center;"><span style="font-size: medium;"><br /></span></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial; font-size: medium;">Happy Hunting!</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br /></div></div></div><div><span style="color: #222222; font-family: arial;"><br /></span><div class="separator" style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><a href="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s1600/edits-1002%2B%25283%2529.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1074" data-original-width="754" height="200" src="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s200/edits-1002%2B%25283%2529.jpg" width="140" /></a></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Kevin G. Dowd</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Broker of Record</span><br /><span style="font-family: arial;"><img border="0" data-original-height="334" data-original-width="1071" height="61" src="https://2.bp.blogspot.com/-iL88VWNowao/WmIiwCEZQJI/AAAAAAAABqE/eYJIrVIDI4syW4YqzeKR_7XFx3rNIcHngCLcBGAs/s200/KellerWilliams_Realty_CityLife_Logo_RGB.jpg" width="200" /></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">100 Washington Street</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Hoboken, New Jersey 07030</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Cellular: 201.606.5957 | Office: 201.659.8600 </span></div><div class="separator" style="clear: both;"><span style="font-family: arial; font-size: x-small;"><i>Each office is independently owned and operated.</i></span></div><span style="color: #222222; font-family: arial;"><br /></span><div><div><span style="font-family: arial;"><a href="https://docs.google.com/spreadsheets/d/e/2PACX-1vRpbTg7cmkgyWMfTmoAw2BAT3g7sosq7vAMS1dn54GEM0gs-6w0Pog0UuFnXYXpPoJqjio7RPNYYpgC/pubhtml" style="color: #6060ca; text-decoration-line: none;" target="_blank"></a><b><span face=""arial" , "helvetica" , sans-serif"><span style="color: #444444;">Search MLS Listings for free at</span><span style="color: #282828;"> <a href="http://viewhobokenhomes.com/">ViewHobokenHomes.com</a> and <a href="http://downtownjerseycityhomes.com/">DowntownJerseyCityHomes.com</a>.</span></span></b></span></div><div><div><span style="font-family: arial;"><b><br /></b></span></div><span style="font-family: arial;"><div><b><span style="color: #222222;">Get the latest real estate statistics at </span><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" target="_blank"><span style="color: #2b00fe;">HobokenJerseyCityRealEstateBlog.com</span></a>.</b></div></span></div><div style="color: #282828;"><span style="font-family: arial;"><b><br /></b></span></div><div><br style="background-color: white; font-family: Times; font-size: 14.85px; text-align: center;" /></div></div></div></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-33242248589036831162022-11-16T13:55:00.001-05:002022-11-16T13:55:55.411-05:00Where Are Prices Going? | Hoboken & Downtown Jersey City Report<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqvOKaQr4Nk5vll8YPMeDu-brQ5N44BDav6mHbUq6qx0smM7dsPSkaTtzTgsmzGqR-2E-zazgWKwjAZHYzsjrUB1Jj7Z-zqs95PuTXH_368AgB-dsq8GAdLMKFdTuJNEArgAGnmr3Ywc526WOEgz6DWbcBGClLtrqUmtnHD-zdLKkt-EcuJEDDwfnT/s2000/October%202022%20Market%20Stats.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqvOKaQr4Nk5vll8YPMeDu-brQ5N44BDav6mHbUq6qx0smM7dsPSkaTtzTgsmzGqR-2E-zazgWKwjAZHYzsjrUB1Jj7Z-zqs95PuTXH_368AgB-dsq8GAdLMKFdTuJNEArgAGnmr3Ywc526WOEgz6DWbcBGClLtrqUmtnHD-zdLKkt-EcuJEDDwfnT/w578-h640/October%202022%20Market%20Stats.png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Available inventory fell in Hoboken for October, but increased in downtown Jersey City.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The decreased demand in the market has been met with lower inventory which will help to stabilize prices. </span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">It's interesting to note that 1BR sales in Hoboken were the highest they've been since December 2019.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">It's difficult at this point to tell the impact more normalized mortgage rates will have in the market because this time of year is when we normally see a seasonal slowdown.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The next few months will provide us with a clearer picture.</span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Happy Hunting!</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br class="Apple-interchange-newline" /><br /><br /></div></div></div><div><span style="color: #222222; font-family: arial;"><br /></span><div class="separator" style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><a href="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s1600/edits-1002%2B%25283%2529.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1074" data-original-width="754" height="200" src="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s200/edits-1002%2B%25283%2529.jpg" width="140" /></a></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Kevin G. Dowd</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Broker of Record</span><br /><span style="font-family: arial;"><img border="0" data-original-height="334" data-original-width="1071" height="61" src="https://2.bp.blogspot.com/-iL88VWNowao/WmIiwCEZQJI/AAAAAAAABqE/eYJIrVIDI4syW4YqzeKR_7XFx3rNIcHngCLcBGAs/s200/KellerWilliams_Realty_CityLife_Logo_RGB.jpg" width="200" /></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">100 Washington Street</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Hoboken, New Jersey 07030</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Cellular: 201.606.5957 | Office: 201.659.8600 </span></div><div class="separator" style="clear: both;"><span style="font-family: arial; font-size: x-small;"><i>Each office is independently owned and operated.</i></span></div><span style="color: #222222; font-family: arial;"><br /></span><div><div><span style="font-family: arial;"><a href="https://docs.google.com/spreadsheets/d/e/2PACX-1vRpbTg7cmkgyWMfTmoAw2BAT3g7sosq7vAMS1dn54GEM0gs-6w0Pog0UuFnXYXpPoJqjio7RPNYYpgC/pubhtml" style="color: #6060ca; text-decoration-line: none;" target="_blank"></a><b><span face=""arial" , "helvetica" , sans-serif"><span style="color: #444444;">Search MLS Listings for free at</span><span style="color: #282828;"> <a href="http://viewhobokenhomes.com/">ViewHobokenHomes.com</a> and <a href="http://downtownjerseycityhomes.com/">DowntownJerseyCityHomes.com</a></span></span></b></span></div><div><div><span style="font-family: arial;"><b><br /></b></span></div><span style="font-family: arial;"><div><b><span style="color: #222222;">Get the latest real estate statistics at </span><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" target="_blank"><span style="color: #2b00fe;">HobokenJerseyCityRealEstateBlog.com</span></a></b></div></span></div><div style="color: #282828;"><span style="font-family: arial;"><b><br /></b></span></div><div><br style="background-color: white; font-family: Times; font-size: 14.85px; text-align: center;" /></div></div></div></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-83128101532320262402022-10-13T14:17:00.002-04:002022-10-13T14:55:02.642-04:00Are Prices Changing? | September 2022 Real Estate Report<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikFY5T0tCkXDexUWZ3Rvq8EYjkqdrcI_sTdi1a_ul4FltBQIjHj1rPewFURDONHFUOPrj1eVT7JwmBGdhSWL-Xjyb6P4gkYQmr4Hv1fwY8YbcFIHJrpm4EIHE9VPnF2z2gbxjyhB-PIxpcDZEzWxZhKjIgE5jDsOMHBXaOt6V0TsGtozJZOObCqZBi/s2000/_September%202022%20Market%20Stats%20(1).png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikFY5T0tCkXDexUWZ3Rvq8EYjkqdrcI_sTdi1a_ul4FltBQIjHj1rPewFURDONHFUOPrj1eVT7JwmBGdhSWL-Xjyb6P4gkYQmr4Hv1fwY8YbcFIHJrpm4EIHE9VPnF2z2gbxjyhB-PIxpcDZEzWxZhKjIgE5jDsOMHBXaOt6V0TsGtozJZOObCqZBi/w578-h640/_September%202022%20Market%20Stats%20(1).png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The pace of sales slowed down in September as increasing mortgage rates start to affect the market. </span></div><div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><div style="font-family: Times; text-align: left;"><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">This is further evidenced by decreasing total sales and increasing days on the market.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Historically, we don't see this sort of slowdown until November.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">I think we are just starting to see prices shift downward as the sales on the books for September are mostly from deals under contract from June and July.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">We are seeing buyers look once again to adjustable rate mortgages in order to find more favorable mortgage rates.</span></div></div></span></div><div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Happy Hunting!</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br class="Apple-interchange-newline" /><br /><br /></div></div></div><div><span style="color: #222222; font-family: arial;"><br /></span><div class="separator" style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><a href="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s1600/edits-1002%2B%25283%2529.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1074" data-original-width="754" height="200" src="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s200/edits-1002%2B%25283%2529.jpg" width="140" /></a></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Kevin G. Dowd</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Broker of Record</span><br /><span style="font-family: arial;"><img border="0" data-original-height="334" data-original-width="1071" height="61" src="https://2.bp.blogspot.com/-iL88VWNowao/WmIiwCEZQJI/AAAAAAAABqE/eYJIrVIDI4syW4YqzeKR_7XFx3rNIcHngCLcBGAs/s200/KellerWilliams_Realty_CityLife_Logo_RGB.jpg" width="200" /></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">100 Washington Street</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Hoboken, New Jersey 07030</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Cellular: 201.606.5957 | Office: 201.659.8600 </span></div><div class="separator" style="clear: both;"><span style="font-family: arial; font-size: x-small;"><i>Each office is independently owned and operated.</i></span></div><span style="color: #222222; font-family: arial;"><br /></span><div><div><span style="font-family: arial;"><a href="https://docs.google.com/spreadsheets/d/e/2PACX-1vRpbTg7cmkgyWMfTmoAw2BAT3g7sosq7vAMS1dn54GEM0gs-6w0Pog0UuFnXYXpPoJqjio7RPNYYpgC/pubhtml" style="color: #6060ca; text-decoration-line: none;" target="_blank"></a><b><span face=""arial" , "helvetica" , sans-serif"><span style="color: #444444;">Search MLS Listings for free at</span><span style="color: #282828;"> <a href="http://viewhobokenhomes.com/">ViewHobokenHomes.com</a> and <a href="http://downtownjerseycityhomes.com/">DowntownJerseyCityHomes.com</a></span></span></b></span></div><div><div><span style="font-family: arial;"><b><br /></b></span></div><span style="font-family: arial;"><div><b><span style="color: #222222;">Get the latest real estate statistics at </span><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" target="_blank"><span style="color: #2b00fe;">HobokenJerseyCityRealEstateBlog.com</span></a></b></div></span></div><div style="color: #282828;"><span style="font-family: arial;"><b><br /></b></span></div><div><br style="background-color: white; font-family: Times; font-size: 14.85px; text-align: center;" /></div></div></div></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-81868244242818933692022-09-16T11:19:00.001-04:002022-09-16T11:19:11.779-04:00August 2022 | Solid Performance! | Hoboken/Downtown Jersey City<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhtvSMD7jd-5EsNsRLzjDxQCz2bHl8klCSK2reVWKAFW3CyvwDy78VAdYi3PfqQ4KgiOAyli-l4JpUpcI3PjMrpjjCO83vpnLGj-2JL_rk3GH_d-b6TxENrVjXbYFdRNHu75YYzk-kFelx5T8PFmyCynrgft9vTjEHjJ7vpPRRYjNbyA32isPu0PCj/s2000/August%202022%20Stats.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhtvSMD7jd-5EsNsRLzjDxQCz2bHl8klCSK2reVWKAFW3CyvwDy78VAdYi3PfqQ4KgiOAyli-l4JpUpcI3PjMrpjjCO83vpnLGj-2JL_rk3GH_d-b6TxENrVjXbYFdRNHu75YYzk-kFelx5T8PFmyCynrgft9vTjEHjJ7vpPRRYjNbyA32isPu0PCj/w578-h640/August%202022%20Stats.png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><span style="font-family: arial;">The market continued its streak in August with inventory moving quickly and prices remaining stable for both Hoboken and downtown Jersey City.</span><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Pending sales slid again for August as the spring sales rush moves past us.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Interesting tidbit is that 1BR sales in Hoboken were only $.27 off their peak pricing from August 2021.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">I did check back on data from previous years and every spring pending sales increase and then slowly decrease throughout the summer. It's not an indication of market weakness.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Buyers are settled in with the current mortgage rates and more and more are looking towards adjustable rate mortgages to keep their rate down.</span></div><div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Happy Hunting!</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br class="Apple-interchange-newline" /><br /><br /></div></div></div><div><span style="color: #222222; font-family: arial;"><br /></span><div class="separator" style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><a href="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s1600/edits-1002%2B%25283%2529.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1074" data-original-width="754" height="200" src="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s200/edits-1002%2B%25283%2529.jpg" width="140" /></a></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Kevin G. Dowd</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Broker of Record</span><br /><span style="font-family: arial;"><img border="0" data-original-height="334" data-original-width="1071" height="61" src="https://2.bp.blogspot.com/-iL88VWNowao/WmIiwCEZQJI/AAAAAAAABqE/eYJIrVIDI4syW4YqzeKR_7XFx3rNIcHngCLcBGAs/s200/KellerWilliams_Realty_CityLife_Logo_RGB.jpg" width="200" /></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">100 Washington Street</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Hoboken, New Jersey 07030</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Cellular: 201.606.5957 | Office: 201.659.8600 </span></div><div class="separator" style="clear: both;"><span style="font-family: arial; font-size: x-small;"><i>Each office is independently owned and operated.</i></span></div><span style="color: #222222; font-family: arial;"><br /></span><div><div><span style="font-family: arial;"><a href="https://docs.google.com/spreadsheets/d/e/2PACX-1vRpbTg7cmkgyWMfTmoAw2BAT3g7sosq7vAMS1dn54GEM0gs-6w0Pog0UuFnXYXpPoJqjio7RPNYYpgC/pubhtml" style="color: #6060ca; text-decoration-line: none;" target="_blank"></a><b><span face=""arial" , "helvetica" , sans-serif"><span style="color: #444444;">Search MLS Listings for free at</span><span style="color: #282828;"> <a href="http://viewhobokenhomes.com/">ViewHobokenHomes.com</a> and <a href="http://downtownjerseycityhomes.com/">DowntownJerseyCityHomes.com</a></span></span></b></span></div><div><div><span style="font-family: arial;"><b><br /></b></span></div><span style="font-family: arial;"><div><b><span style="color: #222222;">Get the latest real estate statistics at </span><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" target="_blank"><span style="color: #2b00fe;">HobokenJerseyCityRealEstateBlog.com</span></a></b></div></span></div><div style="color: #282828;"><span style="font-family: arial;"><b><br /></b></span></div><div><br style="background-color: white; font-family: Times; font-size: 14.85px; text-align: center;" /></div></div></div></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-80080275402909560082022-08-16T16:01:00.002-04:002022-08-16T16:01:48.027-04:00July Update | We're Back! <p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGQ0FgGRxyg03Psf7T-Ph9DATwo0CbDGvO_TEgi0Jgia7o3VTI6EUKRKfdsakT7uKTBnBxTN3j2AQEo7w8IM6CmQoVettzxOPBocVnDJaD0EDJs9sXvQsyqnswzNVCnV9NXyjMRItiTT7eo87B62rs8w3Dtn59EpQayfo-DGOofm-vqijVlammErTb/s2000/July%202022%20Stats.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGQ0FgGRxyg03Psf7T-Ph9DATwo0CbDGvO_TEgi0Jgia7o3VTI6EUKRKfdsakT7uKTBnBxTN3j2AQEo7w8IM6CmQoVettzxOPBocVnDJaD0EDJs9sXvQsyqnswzNVCnV9NXyjMRItiTT7eo87B62rs8w3Dtn59EpQayfo-DGOofm-vqijVlammErTb/w578-h640/July%202022%20Stats.png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><span style="font-family: arial;">It seems as if the market has rebounded from the mortgage rate increases. The general consensus among agents is that there was a bit of a recoil with active buyers as the rates increased. Buyers that are starting their search now are running their numbers based on current rates and didn't see their projected payments increase as rates jumped.</span><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">The market was pretty stable for July with the absorption rates fluctuating a bit, but still well within seller's market territory.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Pending sales saw dips in Hoboken and downtown Jersey City.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Days on the market for downtown Jersey City dropped to 22 days, which ties May 2022 for the lowest on record since I began tracking data in 2009.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">The rental market continues its run with properties renting for way more than last year. Landlords of rent controlled apartments are torn between keeping the rents where the town says they should be or where the market tells them.</span><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Happy Hunting!</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br class="Apple-interchange-newline" /><br /><br /></div></div></div><div><span style="color: #222222; font-family: arial;"><br /></span><div class="separator" style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><a href="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s1600/edits-1002%2B%25283%2529.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1074" data-original-width="754" height="200" src="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s200/edits-1002%2B%25283%2529.jpg" width="140" /></a></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Kevin G. Dowd</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Broker of Record</span><br /><span style="font-family: arial;"><img border="0" data-original-height="334" data-original-width="1071" height="61" src="https://2.bp.blogspot.com/-iL88VWNowao/WmIiwCEZQJI/AAAAAAAABqE/eYJIrVIDI4syW4YqzeKR_7XFx3rNIcHngCLcBGAs/s200/KellerWilliams_Realty_CityLife_Logo_RGB.jpg" width="200" /></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">100 Washington Street</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Hoboken, New Jersey 07030</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Cellular: 201.606.5957 | Office: 201.659.8600 </span></div><div class="separator" style="clear: both;"><span style="font-family: arial; font-size: x-small;"><i>Each office is independently owned and operated.</i></span></div><span style="color: #222222; font-family: arial;"><br /></span><div><div><span style="font-family: arial;"><a href="https://docs.google.com/spreadsheets/d/e/2PACX-1vRpbTg7cmkgyWMfTmoAw2BAT3g7sosq7vAMS1dn54GEM0gs-6w0Pog0UuFnXYXpPoJqjio7RPNYYpgC/pubhtml" style="color: #6060ca; text-decoration-line: none;" target="_blank"></a><b><span face=""arial" , "helvetica" , sans-serif"><span style="color: #444444;">Search MLS Listings for free at</span><span style="color: #282828;"> <a href="http://viewhobokenhomes.com/">ViewHobokenHomes.com</a> and <a href="http://downtownjerseycityhomes.com/">DowntownJerseyCityHomes.com</a></span></span></b></span></div><div><div><span style="font-family: arial;"><b><br /></b></span></div><span style="font-family: arial;"><div><b><span style="color: #222222;">Get the latest real estate statistics at </span><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" target="_blank"><span style="color: #2b00fe;">HobokenJerseyCityRealEstateBlog.com</span></a></b></div></span></div><div style="color: #282828;"><span style="font-family: arial;"><b><br /></b></span></div><div><br style="background-color: white; font-family: Times; font-size: 14.85px; text-align: center;" /></div></div></div></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-42189755668878636452022-07-19T15:12:00.000-04:002022-07-19T15:12:43.985-04:00Market Slows a Bit, But Not Much | June 2022 Real Estate Update<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfapyYXrHRJ_X0y8qOcrLtvzpy8RzDoW1IboZYepvDmL-pJq3mI6QHoZQZ7Dj_zBBPOkf1xuMz_BzK9LLeC5vS29bgTU8t2RPd0g2bwjk_mq6NEuEM6mG5eEWn9F90n7rkJv8Ljp_Af2mILJ6ZHfU-ZH3CWQ2jNSA5Zy_Uh3bpfWMrdgRsdFunQoBm/s2000/June%202022%20Stats.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfapyYXrHRJ_X0y8qOcrLtvzpy8RzDoW1IboZYepvDmL-pJq3mI6QHoZQZ7Dj_zBBPOkf1xuMz_BzK9LLeC5vS29bgTU8t2RPd0g2bwjk_mq6NEuEM6mG5eEWn9F90n7rkJv8Ljp_Af2mILJ6ZHfU-ZH3CWQ2jNSA5Zy_Uh3bpfWMrdgRsdFunQoBm/w578-h640/June%202022%20Stats.png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><span style="font-family: arial;"><br /></span><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The pace of sales dropped slightly for Hoboken and downtown Jersey City as the market reacted to the rapid mortgage rate increases.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Pending sales also dropped for Hoboken and downtown Jersey City for the same reasons.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The days on market dropped to 15 days for Hoboken. <b>This is the lowest rate recorded since I started tracking data in 2009.</b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><b><br /></b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">We are off a bit from our peak levels as we begin to see what sort of change the mortgage rates will have on the real estate market.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The market is still strong but the absolute craziness has died down a bit.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">And yes, we are still seeing bidding wars for some properties.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">There was a slight pause in the market as buyers that were searching for properties saw the rates escalate and their buying power diminish. Buyers that started looking after the increases didn't see their buying power with a 3% mortgage so are used to what they see with a 5.5% interest rate.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">The rental market is still on fire with apartments often receiving sight-unseen over-asking price offers. This craziness has been going on for several months now even before the mortgage rate increases.</span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Happy Hunting!</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br class="Apple-interchange-newline" /><br /><br /></div></div></div><div><span style="color: #222222; font-family: arial;"><br /></span><div class="separator" style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><a href="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s1600/edits-1002%2B%25283%2529.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1074" data-original-width="754" height="200" src="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s200/edits-1002%2B%25283%2529.jpg" width="140" /></a></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Kevin G. Dowd</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Broker of Record</span><br /><span style="font-family: arial;"><img border="0" data-original-height="334" data-original-width="1071" height="61" src="https://2.bp.blogspot.com/-iL88VWNowao/WmIiwCEZQJI/AAAAAAAABqE/eYJIrVIDI4syW4YqzeKR_7XFx3rNIcHngCLcBGAs/s200/KellerWilliams_Realty_CityLife_Logo_RGB.jpg" width="200" /></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">100 Washington Street</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Hoboken, New Jersey 07030</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Cellular: 201.606.5957 | Office: 201.659.8600 </span></div><div class="separator" style="clear: both;"><span style="font-family: arial; font-size: x-small;"><i>Each office is independently owned and operated.</i></span></div><span style="color: #222222; font-family: arial;"><br /></span><div><div><span style="font-family: arial;"><a href="https://docs.google.com/spreadsheets/d/e/2PACX-1vRpbTg7cmkgyWMfTmoAw2BAT3g7sosq7vAMS1dn54GEM0gs-6w0Pog0UuFnXYXpPoJqjio7RPNYYpgC/pubhtml" style="color: #6060ca; text-decoration-line: none;" target="_blank"></a><b><span face=""arial" , "helvetica" , sans-serif"><span style="color: #444444;">Search MLS Listings for free at</span><span style="color: #282828;"> <a href="http://viewhobokenhomes.com/">ViewHobokenHomes.com</a> and <a href="http://downtownjerseycityhomes.com/">DowntownJerseyCityHomes.com</a></span></span></b></span></div><div><div><span style="font-family: arial;"><b><br /></b></span></div><span style="font-family: arial;"><div><b><span style="color: #222222;">Get the latest real estate statistics at </span><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" target="_blank"><span style="color: #2b00fe;">HobokenJerseyCityRealEstateBlog.com</span></a></b></div></span></div><div style="color: #282828;"><span style="font-family: arial;"><b><br /></b></span></div><div><br style="background-color: white; font-family: Times; font-size: 14.85px; text-align: center;" /></div></div></div></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-91766875339691235252022-06-10T13:20:00.003-04:002022-06-10T13:25:25.044-04:00May Report | Hoboken 2BR Reach All-Time Highs! Strong Performance in Downtown JC!<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrQpJ-2nMqDkNjqjW_x6_BK__gdyNas3kFdzTXXLH48mjkDl3dnRo5tWBYohdjdGp9xnicz-ncWWvKb2S16GQfCSJIky61eq-53oEsRgyRG19UWfSvXL_lSdXTAezb-v_25KKM1vvE-pmDrvslbaLtgvV6FRX_AHCJ45fBehX9OHNdReCOvBV76eUH/s2000/May%202022%20Stats.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrQpJ-2nMqDkNjqjW_x6_BK__gdyNas3kFdzTXXLH48mjkDl3dnRo5tWBYohdjdGp9xnicz-ncWWvKb2S16GQfCSJIky61eq-53oEsRgyRG19UWfSvXL_lSdXTAezb-v_25KKM1vvE-pmDrvslbaLtgvV6FRX_AHCJ45fBehX9OHNdReCOvBV76eUH/w578-h640/May%202022%20Stats.png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><span style="font-family: arial;"><br /></span><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><span style="font-family: arial;"><br /></span><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Hoboken properties haven't sold this quickly since June 2017.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">Downtown Jersey City properties haven't sold this quickly since May 2017.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">2BR condos in Hoboken reached an all-time high of $809.55/sq.ft.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;">3BR condos in downtown Jersey City haven't sold at these prices since November 2017.</span></div><div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><b><u>Hoboken</u></b></span></div><div class="separator" style="clear: both; color: #222222;"><br /></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">The supply of properties cannot keep up with demand at the moment.</span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">Hoboken properties sold in an average of 21 days this month and 2BR condos reached an <b>all-time high of $809.55/sq.ft. </b></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">Seller are still receiving multiple bids for the right properties.</span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">107 properties were sold in Hoboken in May. We haven't seen more than 107 sales since June 2017 when there were 108.</span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><br /></div><div class="separator" style="clear: both; color: #222222;"><br /></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><b><u>Downtown Jersey City</u></b></span></div><div class="separator" style="clear: both; color: #222222;"><br /></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">The supply of properties in downtown Jersey City also cannot keep up with demand.</span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">Properties went under contract in an average of 22 days. Properties haven't sold this quickly since May 2017.</span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">We are also regularly seeing multiple bids in downtown Jersey City</span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">3BR pricing hasn't been at these levels since November 2017.</span></div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Happy Hunting!</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br class="Apple-interchange-newline" /><br /><br /></div></div></div><div><span style="color: #222222; font-family: arial;"><br /></span><div class="separator" style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><a href="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s1600/edits-1002%2B%25283%2529.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1074" data-original-width="754" height="200" src="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s200/edits-1002%2B%25283%2529.jpg" width="140" /></a></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Kevin G. Dowd</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Broker of Record</span><br /><span style="font-family: arial;"><img border="0" data-original-height="334" data-original-width="1071" height="61" src="https://2.bp.blogspot.com/-iL88VWNowao/WmIiwCEZQJI/AAAAAAAABqE/eYJIrVIDI4syW4YqzeKR_7XFx3rNIcHngCLcBGAs/s200/KellerWilliams_Realty_CityLife_Logo_RGB.jpg" width="200" /></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">100 Washington Street</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Hoboken, New Jersey 07030</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Cellular: 201.606.5957 | Office: 201.659.8600 </span></div><div class="separator" style="clear: both;"><span style="font-family: arial; font-size: x-small;"><i>Each office is independently owned and operated.</i></span></div><span style="color: #222222; font-family: arial;"><br /></span><div><div><span style="font-family: arial;"><a href="https://docs.google.com/spreadsheets/d/e/2PACX-1vRpbTg7cmkgyWMfTmoAw2BAT3g7sosq7vAMS1dn54GEM0gs-6w0Pog0UuFnXYXpPoJqjio7RPNYYpgC/pubhtml" style="color: #6060ca; text-decoration-line: none;" target="_blank"></a><b><span face=""arial" , "helvetica" , sans-serif"><span style="color: #444444;">Search MLS Listings for free at</span><span style="color: #282828;"> <a href="http://viewhobokenhomes.com/">ViewHobokenHomes.com</a> and <a href="http://downtownjerseycityhomes.com/">DowntownJerseyCityHomes.com</a></span></span></b></span></div><div><div><span style="font-family: arial;"><b><br /></b></span></div><span style="font-family: arial;"><div><b><span style="color: #222222;">Get the latest real estate statistics at </span><a href="http://www.hobokenjerseycityrealestatemarketblog.com/" target="_blank"><span style="color: #2b00fe;">HobokenJerseyCityRealEstateBlog.com</span></a></b></div></span></div><div style="color: #282828;"><span style="font-family: arial;"><b><br /></b></span></div><div><br style="background-color: white; font-family: Times; font-size: 14.85px; text-align: center;" /></div></div></div></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0tag:blogger.com,1999:blog-3320630816056949656.post-62158912764024519352022-05-12T17:07:00.001-04:002022-05-12T17:07:07.997-04:00April Real Estate Update | Are Multi-Bid Situations The Norm Right Now?<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXSPiB_YCh12wctpoIBOttsNIXD9frkFTGbjkfAvhLorHPb37EFC93pikT_ratKXxpHMKq5r84-ZUDByipuir5AYlQ2DUt5l9fIMljFOB0-9BsXp5K_MNzd7jIzj6GheGMmMY8SkGzRBJ_HOlGD7-maWBJL1f4QRcRKRNcysnx_Qi_5_IKpD7GXuAd/s2000/April%202022%20Stats.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1806" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXSPiB_YCh12wctpoIBOttsNIXD9frkFTGbjkfAvhLorHPb37EFC93pikT_ratKXxpHMKq5r84-ZUDByipuir5AYlQ2DUt5l9fIMljFOB0-9BsXp5K_MNzd7jIzj6GheGMmMY8SkGzRBJ_HOlGD7-maWBJL1f4QRcRKRNcysnx_Qi_5_IKpD7GXuAd/w578-h640/April%202022%20Stats.png" width="578" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">The market has continued its rapid pace despite the rapidly rising interest rates. </span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><b><u>Hoboken</u></b></span></div><div class="separator" style="clear: both; color: #222222;"><br /></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">For April, properties continued to sell at a rapid pace with inventory remaining very low at 7.41 weeks, a 3.14% reduction from last month.</span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">Total sales increased again in April by 24.10% to 103 units. Total sales increasing against low inventory is keeping the market very active.</span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">Studios increased 11.22% this month to $914.58/sq.ft. and 3BR condos increased by 1.17% to $860.40/sq.ft. </span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">1BR and 2BR units saw modest decreases of 1.77% and 1.23%, respectively.</span></div><div class="separator" style="clear: both; color: #222222;"><br /></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><b><u>Downtown Jersey City</u></b></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">Downtown Jersey City performed very well again in April with inventory shrinking another 1.55% to 10.83 weeks.</span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">Low inventory coupled with increasing demand pushed total sales up 14.29% to 72 units.</span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">Again, the low inventory and high demand is causing properties in downtown Jersey City to sell for over asking and in several cases for significantly over asking price. </span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">It does seem at the moment that every good listing is involved in a multi-bid situation.</span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">Further indication of an active market is the fact that the days on the market (DOM) decreased 35% to just 26 days. Impressive.</span></div><div class="separator" style="clear: both; color: #222222;"><br /></div><div class="separator" style="clear: both; color: #222222;"><span style="font-family: arial;">1BR units saw a 6.76% increase to $794.02/sq.ft. while 3BR units saw an increase of 13.65% to $750.31/sq.ft.</span></div><div class="separator" style="clear: both; color: #222222;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Happy Hunting!</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><br class="Apple-interchange-newline" /><br /><br /></div></div></div><div><span style="color: #222222; font-family: arial;"><br /></span><div class="separator" style="clear: both;"><span style="font-family: arial; margin-left: 1em; margin-right: 1em;"><a href="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s1600/edits-1002%2B%25283%2529.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1074" data-original-width="754" height="200" src="https://3.bp.blogspot.com/-a3_8XlxXH-8/WmIi1IJmowI/AAAAAAAABqI/qgDui0m_VO442ROqNxVCMS7WAULjDREcACLcBGAs/s200/edits-1002%2B%25283%2529.jpg" width="140" /></a></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Kevin G. Dowd</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Broker of Record</span><br /><span style="font-family: arial;"><img border="0" data-original-height="334" data-original-width="1071" height="61" src="https://2.bp.blogspot.com/-iL88VWNowao/WmIiwCEZQJI/AAAAAAAABqE/eYJIrVIDI4syW4YqzeKR_7XFx3rNIcHngCLcBGAs/s200/KellerWilliams_Realty_CityLife_Logo_RGB.jpg" width="200" /></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><span style="font-family: arial;">100 Washington Street</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Hoboken, New Jersey 07030</span></div><div class="separator" style="clear: both;"><span style="font-family: arial;">Cellular: 201.606.5957 | Office: 201.659.8600 </span></div><div class="separator" style="clear: both;"><span style="font-family: arial; font-size: x-small;"><i>Each office is independently owned and operated.</i></span></div><span style="color: #222222; font-family: arial;"><br /></span><div><div><span style="font-family: arial;"><a href="https://docs.google.com/spreadsheets/d/e/2PACX-1vRpbTg7cmkgyWMfTmoAw2BAT3g7sosq7vAMS1dn54GEM0gs-6w0Pog0UuFnXYXpPoJqjio7RPNYYpgC/pubhtml" style="color: #6060ca; text-decoration-line: none;" target="_blank"></a><b><span face=""arial" , "helvetica" , sans-serif"><span style="color: #444444;">Search MLS Listings for free at</span><span style="color: #282828;"> <a href="http://viewhobokenhomes.com/">ViewHobokenHomes.com</a> and <a href="http://alldowntownjerseycityhomes.com/">DowntownJerseyCityHomes.com</a></span></span></b></span></div><div><div><span style="font-family: arial;"><b><br /></b></span></div><span style="font-family: arial;"><div><b><span style="color: #222222;">Get the latest real estate statistics at </span><a href="http://hobokendowntownjerseycityrealestateblog.com/" target="_blank"><span style="color: #2b00fe;">HobokenDowntownJerseyCityRealEstateBlog.com</span></a></b></div></span></div><div style="color: #282828;"><span style="font-family: arial;"><b><br /></b></span></div><div><br style="background-color: white; font-family: Times; font-size: 14.85px; text-align: center;" /></div></div></div></span></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div>Kevin Dowdhttp://www.blogger.com/profile/03131391878168182721noreply@blogger.com0