To download the full PDF and see the full Jersey City Real Estate Condo Market Report visit our website here:
http://www.hudsonrealtygroup.com/real_estate_downloads/market-reports.html
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In quarter four of 2009 the Hoboken Real Estate market has seen a decrease in overall average sales price of -3.9% from $504,653 of 4Q 2008 to $485,151 in Q4 2009. The average price per a square foot has dropped 9.8% from $534 4Q 2008 to $482 4Q 2009. The total value of condos sold has increased 28.4% from $78,221,160 in 4Q 2008 to $100,426,356 in 4Q 2009. Inventory (months) had gone down 58.2% from 17.7 in 4Q 2008 to 7.4 in Q4 2009 indicating that sales of condos has increased overall. The number of condos under contract per quarter has increased 111% from 85 in 4Q 2008 to 180 in Q4 2009. The total amount of condos closed per quarter has also increased 33.3% from 156 in Q4 2008 to 208 in Q4 2009.
The average sales price per one bedroom condo for Q4 2009 was $364,450, $512,807 for a two bedroom and $783,353 for a three bedroom. The average condo size in Q4 2009 for a one bedroom was 730 SqFt, 1106 SqFt for a two bedroom and 1690 Sqft for a three bedroom. The number of one bedroom condos that closed within Q4 2009 was 72, 112 two bedroom and 20 three bedrooms.
To download the full PDF and see the full Hoboken Real Estate Condo Market Report visit our website here:
http://www.hudsonrealtygroup.com/real_estate_downloads/market-reports.html
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Live the commuter’s dream at Montgomery Greene. Located one block from the Exchange Place PATH, Light Rail and Ferry. This extra large 1 bed/1 bath offers 1090 SqFt of living space with an open floor plan that can easily be converted to 2 bedrooms. Highlights include light bamboo floors, 9’ ceilings, cherry cabinets, granite countertops, separate dining area, W/D in the home, ample closet space and bath with dual sinks and Bahian travertine marble. 19 story elevator building offers luxury living with 24 hr concierge, gym, bike storage, community room, landscaped roof top patio with lounge chairs, BBQ & wet bar. Building has extra storage available for purchase and valet parking available for $250/mo. Maintenance includes gas, heat, hot water, water/sewer and exclusive use of all amenities. Commute from lobby to Exchange Place PATH - 2 minutes, from lobby to WTC PATH - 6 minutes, from lobby to 33rd St PATH - 20 minutes. 105 Greene Street, Jersey City, NJ.
Matt's comprehensive knowledge of the local markets, financial analysis skills and technology focused background help his clients make well informed decisions.
For buyers and sellers at every stage of their lives, we represent the most desirable properties in the most sought-after locations in Hoboken and Downtown Jersey City. Our expertise encompasses all housing types-including single-family homes, multi-unit buildings, brownstones, town homes, condominiums, lofts and new construction sales. We welcome first-time purchasers, local buyers and those relocating as well as owners wishing to sell their homes, trade up or acquire income-producing properties. We are a closely integrated team of experienced and accomplished real estate agents that offer highly personalized service and a flexible creative approach.
With an insider's view of the market, we know where to find properties that match your wish list and lifestyle. When it's time to sell, Hudson Realty Group's comprehensive marketing and organizational expertise help price your property for maximum financial return.
Matt Brown's attention to detail, his patience and his interest in educating his customers are his best assets and are indispensible when working with buyers or sellers. Specializing in Hoboken and Jersey City residential sales for Halstead Property, Matt enjoys the personal side of the business and the relationships fostered by customer referrals and repeat clients. Matt, along with his Hudson Realty Group partners, Peter Cossio and Lindsey Brown, joined Halstead Property New Jersey LLC beginning of 2009 to further expand their reach into the Manhattan market as well as take advantage of superior marketing and household NJ Gold Coast branding. Before focusing his career as a real estate professional, Matt held various positions at corporations such as Oplink Communications, General Electric, Hewlett-Packard and ExxonMobil. He received a BS in Engineering from Penn State University. After living in Hoboken for several years, Matt and his wife moved to Jersey City in 2005.
In 2004, Matt Brown and Peter Cossio joined forces to form Hudson Realty Group, a specialty sales and marketing group within Halstead Property's Hoboken office. Modeled after a boutique real estate firm, our realtors offer clients the best of both worlds: personalized service and global brand name recognition.
Hudson Realty Group specializes in all real estate housing types-including single-family homes, multi-unit buildings, brownstones, town homes, condominiums, lofts and new development sales within Hoboken NJ, Jersey City NJ, Weehawken NJ and surrounding areas.
With over 11 years of local experience, Hudson Realty Group knows what it takes to sell real estate in the Hoboken, NJ and Jersey City, NJ areas and our realtors have the track record to prove it. By working as a team, we have an immediate advantage over our competition. We stay keenly aware of market shifts, new developments, and pricing trends. We are able to constantly challenge each other to be more creative, informed, and aggressive negotiators. Our team approach enables us to commit to 24/7 availability for our customers throughout the year and we are constantly reachable via cell phone or Blackberry. Our experience, access, and intelligence help us formulate the most accurate pricing and compelling showcase for your property that is simple to find and user friendly.
Selling real estate in today’s market requires much more than putting the listing on the MLS (multiple listing service). It takes exceptional marketing and innovative advertising by a professional team. Hudson Realty Group stands out. Please look through our website to evaluate just one piece of our marketing and contact us to find out how we can help you sell for the highest possible price.
If you are looking to purchase a home within a new construction development in Hoboken, Jersey City or the surrounding areas, we can help you sort through all the options. We help our clients find the perfect home but also help them to make a great investment. If you work with us to purchase within a new construction development we will:
Investment Property
If you're looking to invest in Hoboken or Jersey City real estate, we can help you in your search. From buying a condo and renting it out to buying a multi-unit, mixed-use type of property, our experience and market knowledge will be invaluable in your decision making process.
Office Space
Class "A" office space in the Hoboken and Jersey City waterfront areas typically leases for approximately $35 to $40 per square foot and landlords look for a 5 year minimum lease term. Most of these buildings are within a 5 minute walk of a PATH Terminal and provide very easy access to Manhattan.
We can assist if you are interested in leasing or purchasing office space in the Hoboken and/or Jersey City areas. Just contact us and let us know some basic information about what you are looking for and we will do our best to find something that fits your needs.
Retail Space
Prime retail space in Hoboken and Downtown Jersey City, (e.g. on Washington Street in Hoboken) typically leases for approximately $60 to $100 per square foot per year. A common way to secure retail space in Hoboken or Jersey City is to purchase an existing business and takeover their lease. Retail lease rates have gone up considerably in the last several years and many retail merchants have locked in leases that are significantly lower than the current market rates. As an alternative to leasing, it may be possible to purchase a commercial condo or a mixed use building which has retail space on the ground floor.
Whether you want to start a new business or expand an existing business in Hoboken or Downtown Jersey City, we can help you find the perfect property. Looking to be on Washington Street or maybe close to a PATH terminal, please contact us to discuss your requirements and we will do our best to locate a space for you.
Hudson Realty Group works with local developers throughout the entire property development process. Starting from property acquisition and project conception, we provide invaluable local market insight and advice to insure that your development delivers properties fine-tuned to appeal to Hoboken and Jersey City buyers.
Selling real estate in today’s market requires much more than putting the listing on the MLS (multiple listing service). It takes exceptional marketing and innovative advertising by a professional team. Hudson Realty Group stands out. Please look through our website to evaluate just one piece of our marketing and contact us to find out how we can help maximize your return on investment. The services we provide include:
"I could not be happier with my experience. I put my condo on the market during the housing collapse and somehow Matt found a serious buyer. He also went far out of his way, meeting with a building inspector, fire chief, etc. on his own since I didn't live near there anymore. Not to mention buying & installing new fire extinguishers & carbon monixide alarms. They didn't cost much, but since I lived out of the area, it was necessary to make sure the closing date didn't get delayed. I didn't even ask him to do it; he just did it on his own. Also, I never had any issues with reaching Matt by phone or email. Little things like that are the difference between a frustrated client and one who feels like he's being taken care of. Matt made me feel like the latter. Oh -- and he sold my condo when two others could not. Thank you!"
"We just wanted to thank you so much for your help finding our brownstone. You guys were amazingly patient with us through our very, very long search and we really appreciated that there was never any pressure to buy. We also thought you did a great job negotiating the purchase with the seller! Given how crazy the market has been, it was so important to us to negotiate the best deal possible and you really fought for us and ultimately got us a price which we felt comfortable paying. You and Matt make a great team – were always available - and were a pleasure to work with. You can always count on us for a recommendation."
Amanda Stannard & Tony Valeri
September 2008
"Thanks for making the home buying experience a pleasant and efficient one! I appreciated your candor and honestly in sharing your advice and knowledge, your responsiveness, professionalism, and patience, especially since I was a first time home buyer. I look forward to working with you again in the future. Thanks again! I've ben living i my new home for two weeks and love it!
P.S. I would never have considered Jersey City had you not educated me about it, so thanks!"
Mayling Tu
July 2008
"Thank you. An excellent reflection on you and your team. If I am not mistaken, we had a bid in four days and sold w/in nine. You guys gave an excellent presentation and DELIVERED. There was never a question, nor hesitation that you and Matt were the best representation."
Patrick Pisapia
June 2008
"I am finally settled into my new home and wanted to thank you for all of your time and effort. You were extremely patient, thorough, accessible, and professional throughout the process. I am thankful Sarah and Jay recommended you."
Liz Guido
April 2008
"Was a great experience...very helpful in finding the right place. Thanks for (your) help!"
Jorne Schroedter
January 2008
“My wife and I would like to thank you for helping us find our first home. From our first meeting, you spent the better half of a year guiding us through the process of finding and purchasing a home that was right for us. Your patience and personal investment in understanding your clients are two characteristics that truly set you apart and left a lasting impression on us. You exceeded our expectations in every respect and your approach is the true definition of hospitality that we both found quite comforting while enduring the stress of such a major event in ones life.
After the closing, you did not disappear; you celebrated with us, welcomed us to the community which you were already a part of and then began to help us assimilate into our new environment. We went through this process and have emerged with our first house and our first new friend in our new town.
We look forward to maintaining a relationship with you and cannot thank you enough for your unconditional assistance with each and every aspect of purchasing out first home”.
Michael & Lindsay Speranza
November 2007
“Thank you for everything! We appreciate all your help and guidance toward buying our first home. We love the apartment and couldn’t be happier about our choice. We hope to see you around the neighborhood soon!”
Megan & Ryan Bailey
November 2007
"Joe and I wanted to commend your teamwork in representing our property. You did a thorough, aggressive, and beautiful job marketing our home in a challenging housing environment. We valued your deep knowledge and expertise about both the Hoboken market and the purchase process. Your responsiveness and clearheaded guidance were greatly appreciated. You went above and beyond the call."
Dawn DiMartino & Joseph Reynolds
November 2006
"It was the first time we have worked with such reactive, professional, & nice realtors! It’s been a real pleasure for us."
Remi & Severine Fritsch-Fontanges
August 2006
"Effie and I just want to thank you both for helping us, as you were trustworthy and confident professionals throughout the entire experience. We would not hesitate to refer clients to you."
Effie Tsu & Matt Smith
September 2004
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