2H 2012 HOBOKEN AND DOWNTOWN JERSEY CITY
MARKET RECAP The real estate market in Hoboken and Downtown Jersey City continued to rebound during the second half of 2012 with average selling prices, price/sf and sales volume all trending upwards. The combination of rising rental prices in the NYC metro area (15-20% increase within the past couple years) and record low interest rates (around 3.5% for a 30-year fixed mortgage) are shifting tenants into the market. The growth in amount of buyers combined with record low inventories has created a competitive market for all property types in both Hoboken and Downtown Jersey City. In the 2nd half of 2012, we saw an significant number of listings attract multiple offers, driving down the average days on the market and tightening up the average discount from asking price to less than 3% for condos and 4-5% for townhomes. Just how low is our current inventory? At the start of 2013, there were only 116 condos on the market in Hoboken, down from a high of 556 condos on the market in mid-2009! In Downtown Jersey City, there were 83 condos on the market, down from a high of 384 in mid-2009. Considering it takes almost 2 years to deliver a significantly sized building in this area, we re hoping residential developers will take note of this situation and start planning some condominium developments immediately. After Superstorm Sandy hit Hoboken and Jersey City on October 30th, the real estate market was brought to a near standstill for 2-3 weeks then got back on track finishing the year with only 4% less Hoboken condo contracts signed in Nov and Dec and 35% more contracts signed in Downtown Jersey city compared to the same period of 2011. Considering the robust demand for real estate within close proximity to Manhattan and ultra low inventory levels, we don t foresee a lasting impact in the overall market. With a near absence of new construction development and an expected continuation of record low interest rates, we expect to see property values continue to rise throughout 2013. POSITIVE INDICATORS - HOBOKEN: Average Condo Sales Price: UP 2.7% from 1H2012 Average Condo Price/SF: UP 5.1% from 1H2012 Average Days on Market: DOWN 22.0% from 2H2011 Condo Inventory: DOWN 48.7% from 1H2012 Under Contract within Period: UP 11.4% from 2H2011 Condo Sales Volume: UP 24.1% from 2H2011 Avg Condo Discount from Last Asking: DOWN 26% from 1H2012 Townhome Sales Volume: UP 50.1% from 2H2011 POSITIVE INDICATORS - DOWNTOWN JERSEY CITY: Average Condo Sales Price: UP 11.1% from 2H2011 Number of Condo Closings: UP 28.2% from 2H2011 Under Contract within Period: UP 74% from 2H2011 Condo Sales Volume: UP 45.5% from 2H2011 Condo Inventory: DOWN 78.5% from 2H2011 Avg Condo Discount from Last Asking: DOWN 29.9% from 2H2011 Townhome Sales Volume: UP 120.6% from 2H2011 Townhome Average Sales Price: UP 6.2% from 1H2012 2
TOTAL SALES VOLUME BY PROPERTY TYPE Property Type 2H2012 1H2012 % Change 2H2011 % Change Hoboken Condos $209,487,291 $176,952,147 18.4% $168,781,613 24.1% Hoboken Townhomes $39,390,250 $32,751,650 20.3% $26,239,500 50.1% Downtown JC Condos $118,021,671 $89,131,931 32.4% $81,097,750 45.5% Downtown JC Townhomes $34,185,099 $23,791,150 43.7% $15,493,250 120.6% Total Sales Volume $401,084,311 $322,626,878 24.3% $291,612,113 37.5% Downtown JC Condos, $80,190,787 Downtown JC Townhomes, $34,185,099 Hoboken Condos, $209,487,291 Hoboken Townhomes, $39,390,250 3
CONDO MARKET REGIONAL COMPARISON 2nd Half 2012 Downtown JC Hoboken Brooklyn* Manhattan Average Sales Price $489,716 $525,031 $989,344 $1,779,404 Average Price / SqFt 464 498 829 1273 * Brooklyn Heights - Carroll Gardens - Cobble Hill - Columbia Street Waterfront - Dumbo - Red Hook $2,000,000 $1,500,000 $1,000,000 $500,000 $489,716 $525,031 AVERAGE SALES PRICE $989,344 $1,779,404 $0 $1,600 $1,200 Downtown JC Hoboken Brooklyn* Manhattan AVERAGE SALE PRICE PER SQFT 1273 $800 $400 464 498 829 $0 Downtown JC Hoboken Brooklyn* Manhattan 4
HOBOKEN CONDO MARKET SUMMARY 2H2012 1H2012 % Change 2H2011 % Change Average Sales Price $525,031 $511,422 2.7% $516,152 1.7% Average Price / SqFt 498 474 5.1% 472 5.6% Total Value of Condos Sold $209,487,291 $176,952,147 18.4% $168,781,613 24.1% Average DOM of Sold Condos 50.1 61.0-17.8% 64.3-22.0% Inventory (months) 1.7 3.9-55.5% 3.7-52.3% On Market at Period End 116 226-48.7% 200-42.0% Listed within Period 313 577-45.8% 465-32.7% Under Contract within Period 332 437-24.0% 298 11.4% Closed within Period 399 346 15.3% 328 21.6% AVG % Discount from Original Asking -3.2% -4.3% -26.0% -4.8% -34.5% AVG % Discount from Last Asking -2.1% -2.8% -27.8% -3.1% -34.7% 5
DOWNTOWN JERSEY CITY CONDO MARKET SUMMARY 2H2012 1H2012 % Change 2H2011 % Change Average Sales Price $489,716 $461,823 6.0% $440,749 11.1% Average Price / SqFt 464 447 3.7% 428 8.3% Total Value of Condos Sold $118,021,671 $89,131,931 32.4% $81,097,750 45.5% Average DOM of Sold Condos 53.5 77.3-30.8% 77.5-31.0% Inventory (months) 2.1 4.1-48.2% 10.0-78.5% On Market at Period End 93 192-51.6% 249-62.7% Listed within Period 242 348-30.5% 372-34.9% Under Contract within Period 261 279-6.5% 150 74.0% Closed within Period 241 193 24.9% 188 28.2% AVG % Discount from Original Asking -3.6% -4.0% -9.2% -5.4% -32.2% AVG % Discount from Last Asking -2.6% -2.8% -8.9% -3.7% -29.9% 6
Millions $325 $300 $275 $259 TOTAL CONDO SALES VOLUME (MILLIONS) $267 HOBOKEN DOWNTOWN JC $250 $225 $200 $208 $209 $197 $206 $225 $215 $206 $194 $201 $210 $209 $175 $168 $169 $177 $150 $153 $125 $100 $75 $50 $56 $71 $66 $89 $75 $75 $97 $118 $108 $87 $118 $48 $76 $84 $76 $80 $81 $89 $118 $25 $0 1H04 2H04 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H12 7
$600k $575k $550k $525k $500k $475k $450k $425k $422k $457k $414k $516k $526k $456k $458k $510k $467k AVERAGE CONDO SALES PRICE $535k $452k $517k $511k $536k $528k $515k $501k $498k $455k $487k $505k $437k $434k $489k $467k $484k $472k $516k $441k HOBOKEN DOWNTOWN JC $511k $462k $525k $490k $400k $375k $350k $325k $373k $338k $391k $300k 600 575 550 525 500 475 450 425 400 375 350 1H04 2H04 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H12 AVERAGE CONDO SALES PRICE PER SQFT 558 HOBOKEN 544 538 532 531 DOWNTOWN JC 520 521 515 509 500 498 491 488 480 486 478 476 466 468 472 474 464 453 456 449 439 434 438 441 447 423 428 422 392 380 344 325 300 1H04 2H04 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H12 8
J-08 F-08 M-08 A-08 M-08 J-08 J-08 A-08 S-08 O-08 N-08 D-08 J-09 F-09 M-09 A-09 M-09 J-09 J-09 A-09 S-09 O-09 N-09 D-09 J-10 F-10 M-10 A-10 M-10 J-10 J-10 A-10 S-10 O-10 N-10 D-10 J-11 F-11 M-11 A-11 M-11 J-11 J-11 A-11 S-11 O-11 N-11 D-11 J-12 F-12 M-12 A-12 M-12 J-12 J-12 A-12 S-12 O-12 N-12 D-12 140 120 HOBOKEN CONDOS - CONTRACTS SIGNED - PER MONTH 111 100 80 60 40 20 57 63 79 82 92 81 66 72 49 29 25 31 49 39 38 66 58 79 51 76 66 84 50 46 60 56 93 70 62 54 56 54 50 52 41 42 54 88 84 72 64 54 58 50 55 46 35 51 73 78 70 90 75 70 68 63 56 33 45 0 800 700 HOBOKEN CONDOS - CONTRACTS SIGNED PER 6 MONTH PERIOD 600 565 532 556 560 596 500 400 300 448 309 480 423 412 454 272 329 373 452 307 404 298 437 200 100 0 1H2003 2H2003 1H2004 2H2004 1H2005 2H2005 1H2006 2H2006 1H2007 2H2007 1H2008 2H2008 1H2009 2H2009 1H2010 2H2010 1H2011 2H2011 1H2012 9
J-08 F-08 M-08 A-08 M-08 J-08 J-08 A-08 S-08 O-08 N-08 D-08 J-09 F-09 M-09 A-09 M-09 J-09 J-09 A-09 S-09 O-09 N-09 D-09 J-10 F-10 M-10 A-10 M-10 J-10 J-10 A-10 S-10 O-10 N-10 D-10 J-11 F-11 M-11 A-11 M-11 J-11 J-11 A-11 S-11 O-11 N-11 D-11 J-12 F-12 M-12 A-12 M-12 J-12 J-12 A-12 S-12 O-12 N-12 D-12 90 80 70 60 50 40 30 20 10 0 38 34 30 47 31 45 26 27 30 23 19 19 18 13 13 14 37 30 40 44 27 35 31 28 20 39 42 59 28 38 33 34 33 27 28 24 25 24 51 36 50 DOWNTOWN JERSEY CITY - CONTRACTS SIGNED - PER MONTH 60 30 25 25 21 24 22 44 42 58 43 48 44 38 51 58 52 34 28 450 400 DOWNTOWN JERSEY CITY - CONTRACTS SIGNED PER 6 MONTH PERIOD 350 300 250 200 150 271 178 239 170 230 202 299 207 225 128 141 205 226 171 254 147 279 261 100 50 0 1H2004 2H2004 1H2005 2H2005 1H2006 2H2006 1H2007 2H2007 1H2008 2H2008 1H2009 2H2009 1H2010 2H2010 1H2011 2H2011 1H2012 2H2012 10
700 600 ACTIVE LISTINGS AT PERIOD END (CONDOS) HOBOKEN DOWNTOWN JC 537 556 500 491 501 511 425 444 400 390 377 384 332 358 347 360 300 302 273 249 226 200 200 192 100 116 93 0 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H12 11
HOBOKEN TOWNHOME SALES SUMMARY 2H2012 1H2012 % Change 2H2011 % Change Average Sales Price $1,193,644 $1,129,367 5.7% $1,049,580 13.7% 1 Family Average Sales Price $1,132,813 $1,253,775-9.6% $1,121,500 1.0% 2 Family Average Sales Price $1,487,938 $755,725 96.9% $1,021,875 45.6% 3 Family Average Sales Price $1,040,194 $930,650 11.8% $888,250 17.1% Average % Discount From Asking -4.0% -3.4% 19.0% -4.3% -5.4% # Closed 33 29 13.8% 25 32.0% Average Closed per Month 5.5 4.8 13.8% 4.2 32.0% Average Days on Market 44 78-44.1% 82-46.9% 1 Family Total Sales Volume $18,125,000 $25,075,500-27.7% $16,822,500 7.7% 2 Family Total Sales Volume $11,903,500 $3,022,900 293.8% $4,087,500 191.2% 3 Family Total Sales Volume $9,361,750 $4,653,250 101.2% $5,329,500 75.7% Grand Total Sales Volume $39,390,250 $32,751,650 20.3% $26,239,500 50.1% 12
TYPE ADDRESS LOT SIZE SINGLE FAMILY HOBOKEN TOWNHOMES - CLOSED TOTAL BEDs DAYS ON MARKET CLOSING DATE ASKING PRICE SOLD PRICE % FROM ASKING One Family 40 WILLOW TERRACE 12.42 x 50 3 32 12/10/2012 $550,000 $495,000-10.0% One Family 105 WILLOW TERRACE 12.61 x 50 3 75 12/10/2012 $650,000 $600,000-7.7% One Family 211 7TH ST 17 x 49 4 19 8/15/2012 $861,000 $861,000 0.0% One Family 161 12TH ST 20 x 43 3 66 9/21/2012 $879,000 $885,000 0.7% One Family 715 PARK AVE 15.7 x 100 3 16 7/31/2012 $995,000 $965,000-3.0% One Family 1225 PARK AVE 15.89 x 100 3 178 8/22/2012 $1,050,000 $985,000-6.2% One Family 256 7TH ST 17 x 60 3 14 8/30/2012 $1,199,000 $1,219,000 1.7% One Family 716 PARK AVE 16.10 x 100 5 8 7/31/2012 $1,265,000 $1,250,000-1.2% One Family 264 10TH ST 19 x 61 5 123 8/15/2012 $1,275,000 $1,229,000-3.6% One Family 1235 GARDEN ST 16 x 100 3 34 7/3/2012 $1,299,000 $1,275,000-1.8% One Family 1303 GARDEN ST 17 x 70 3 62 12/28/2012 $1,325,000 $1,100,000-17.0% One Family 1233 BLOOMFIELD ST 15 x 75 4 36 9/28/2012 $1,349,000 $1,300,000-3.6% One Family 127 BLOOMFIELD ST 20 x 70 5 45 8/15/2012 $1,370,000 $1,316,000-3.9% One Family 1111 BLOOMFIELD ST 17.37 x 75 4 67 7/9/2012 $1,399,000 $1,350,000-3.5% One Family 1009 BLOOMFIELD ST 15 x 75 3 5 11/19/2012 $1,399,000 $1,400,000 0.1% One Family 1242 GARDEN ST 15.21 x 100 2 7 8/30/2012 $1,895,000 $1,895,000 0.0% AVERAGE 3.5 49 $1,172,500 $1,132,813-3.7% TOTAL VALUE $18,125,000 13
TYPE ADDRESS LOT SIZE TWO FAMILY HOBOKEN TOWNHOMES - CLOSED TOTAL BEDs DAYS ON MARKET CLOSING DATE ASKING PRICE SOLD PRICE 2 Family 113 BLOOMFIELD ST 18.75 x 50 3 21 10/4/2012 $1,039,000 $999,000-3.8% 2 Family 92 GRAND ST 25 x 82 7 0 12/19/2012 $1,025,000 $1,024,500 0.0% 2 Family 930 BLOOMFIELD ST 17.25 x 100 6 30 7/12/2012 $1,179,000 $1,100,000-6.7% 2 Family 210 11TH ST 16.14 x 75 IRR 5 89 8/29/2012 $1,325,000 $1,355,000 2.3% 2 Family 1231 BLOOMFIELD ST 15 x 75 4 28 12/6/2012 $1,599,000 $1,525,000-4.6% 2 Family 839 GARDEN ST 15.25 x 100 5 23 10/26/2012 $1,595,000 $1,650,000 3.4% 2 Family 632 BLOOMFIELD ST 16 x 95 4 1 7/6/2012 $1,750,000 $1,750,000 0.0% 2 Family 926 CASTLE POINT TERRACE 45 x 95 12 38 9/12/2012 $2,750,000 $2,500,000-9.1% % FROM ASKING AVERAGE 5.8 29 $1,532,750 $1,487,938-2.3% TOTAL VALUE $11,903,500 14
TYPE ADDRESS LOT SIZE THREE FAMILY HOBOKEN TOWNHOMES - CLOSED TOTAL BEDs DAYS ON MARKET CLOSING DATE ASKING PRICE SOLD PRICE 3 Family 121 MONROE ST 25 x 100 5 18 12/14/2012 $750,000 $745,750-0.6% 3 Family 907 PARK AVE 13.52 x 100 5 0 9/19/2012 $860,000 $860,000 0.0% % FROM ASKING 3 Family 166 6TH ST 19 x 53 4 49 12/6/2012 $979,000 $875,000-10.6% 3 Family 1234 PARK AVE 20.2 x 82 6 116 12/28/2012 $1,050,000 $875,000-16.7% 3 Family 211 GARDEN ST 16.75 x 100 4 38 9/24/2012 $925,000 $900,000-2.7% 3 Family 520 BLOOMFIELD ST 20 x 100 5 54 12/6/2012 $1,150,000 $990,000-13.9% 3 Family 220 WILLOW AVE 25 x 100 6 27 11/7/2012 $1,150,000 $1,087,000-5.5% 3 Family 162 5TH ST 19 x 75 7 91 8/16/2012 $1,089,000 $1,089,000 0.0% 3 Family 926 HUDSON ST 21.25 x 110 4 34 11/30/2012 $2,050,000 $1,940,000-5.4% AVERAGE 5.1 47 $1,111,444 $1,040,194-6.1% TOTAL VALUE $9,361,750 15
DOWNTOWN JERSEY CITY TOWNHOME SALES SUMMARY 2H2012 1H2012 % Change 2H2011 % Change Average Sales Price $743,154 $699,740 6.2% $737,774 0.7% 1 Family Average Sales Price $639,156 $616,708 3.6% $652,850-2.1% 2 Family Average Sales Price $801,778 $747,063 7.3% $852,250-5.9% 3 Family Average Sales Price $793,883 $742,590 6.9% $715,583 10.9% Average % Discount From Asking -5.3% -5.1% 3.4% -6.4% -17.5% # Closed 46 34 35.3% 21 119.0% Average Closed per Month 7.7 5.7 34.5% 3.5 119.0% Average Days on Market 64 76-16.3% 73-12.5% 1 Family Total Sales Volume $10,226,500 $7,400,500 38.2% $6,528,500 56.6% 2 Family Total Sales Volume $14,431,999 $8,964,750 61.0% $6,818,000 111.7% 3 Family Total Sales Volume $9,526,600 $7,425,900 28.3% $2,146,750 343.8% Grand Total Sales Volume $34,185,099 $23,791,150 43.7% $15,493,250 120.6% 16
SINGLE FAMILY DOWNTOWN JERSEY CITY TOWNHOMES - CLOSED TYPE ADDRESS LOT SIZE TOTAL BEDs DAYS ON MARKET CLOSING DATE ASKING PRICE SOLD PRICE % FROM ASK- ING One Family 309 4TH ST 12.5 x 95 0 9 9/21/2012 $199,999 $135,000-32.5% One Family 309.5 4TH ST 12.5 x 95 0 9 9/21/2012 $199,999 $158,500-20.7% One Family 331 7TH ST 12.5 x 50 2 20 12/21/2012 $450,000 $435,000-3.3% One Family 84 COLGATE ST 20 x 80 3 100 8/14/2012 $519,000 $480,000-7.5% One Family 56 ERIE ST 19.7 x 20 2 57 8/24/2012 $529,000 $520,000-1.7% One Family 319 7TH ST 16.33 x 50 4 221 10/23/2012 $535,000 $505,000-5.6% One Family 510 1/2 MONMOUTH ST 12.5 x 50 3 47 8/3/2012 $585,000 $545,000-6.8% One Family 232.5 4TH ST 15 x 50 3 22 8/31/2012 $625,000 $625,000 0.0% One Family 360 5TH ST 15 x 95 3 36 9/25/2012 $649,000 $620,000-4.5% One Family 297 9TH ST 20 x 100 3 17 7/20/2012 $659,900 $660,000 0.0% One Family 228 1/2 3RD ST 16.67 x 75 3 114 7/11/2012 $749,000 $749,000 0.0% One Family 236 1/2 7TH ST 13.5 x 100 4 13 9/6/2012 $749,000 $790,000 5.5% One Family 304 8TH ST 16.67 x 50 3 54 12/13/2012 $849,000 $835,000-1.6% One Family 6 WEST HAMILTON PL 16.67 x 60 5 167 11/21/2012 $1,050,000 $999,000-4.9% One Family 165 YORK ST 21 x 100 3 58 8/14/2012 $1,099,000 $995,000-9.5% One Family 52 MERCER ST 25 x 100 5 33 7/25/2012 $1,200,000 $1,175,000-2.1% AVERAGE 2.9 61 $665,494 $639,156-6.0% TOTAL VALUE $10,226,500 17
TWO FAMILY DOWNTOWN JERSEY CITY TOWNHOMES - CLOSED TYPE ADDRESS LOT SIZE TOTAL BEDs DAYS ON MARKET CLOSING DATE ASKING PRICE SOLD PRICE % FROM ASK- ING 2 Family 286 5TH ST 16.33 x 95 4 1 8/2/2012 $359,000 $350,000-2.5% 2 Family 385 1ST ST 30.50 x 70 9 10 7/2/2012 $375,000 $300,000-20.0% 2 Family 346 5TH ST 16.67 x 95 3 94 7/11/2012 $419,000 $400,000-4.5% 2 Family 236 1ST ST 19.67 x 56 5 16 8/16/2012 $549,900 $530,000-3.6% 2 Family 346 4TH ST 25 x 95 6 22 8/17/2012 $649,000 $615,000-5.2% 2 Family 139 BRIGHT ST 19 x 53 3 106 7/31/2012 $689,000 $640,000-7.1% 2 Family 329 1/2 8TH ST 12.5 x 50 3 14 10/12/2012 $739,000 $725,000-1.9% 2 Family 336 5TH ST 25 x 50 3 12 11/28/2012 $750,000 $700,000-6.7% 2 Family 268 4TH ST 20 x 100 5 47 8/13/2012 $790,000 $650,000-17.7% 2 Family 558.5 JERSEY AVE 16.67 x 61 3 1 12/20/2012 $795,000 $740,000-6.9% 2 Family 336 YORK ST 16.67 x 66 4 38 12/6/2012 $915,000 $924,500 1.0% 2 Family 273 8TH ST 15 x 60 5 13 8/30/2012 $989,000 $967,500-2.2% 2 Family 586 JERSEY AVE 25 x 100 5 21 8/27/2012 $999,000 $999,999 0.1% 2 Family 6 HAMPTON CT TERRACE 15 x 70 5 150 9/14/2012 $1,050,000 $985,000-6.2% 2 Family 165 YORK ST 21 x 100 3 71 8/14/2012 $1,099,000 $995,000-9.5% 2 Family 143 MERCER ST 20 x 65 4 7 11/29/2012 $1,200,000 $1,100,000-8.3% 2 Family 100 GRAND ST 18 x 100 6 382 9/13/2012 $1,375,000 $1,310,000-4.7% 2 Family 210 WASHINGTON ST 25.6 x 100 11 44 8/29/2012 $1,580,000 $1,500,000-5.1% AVERAGE 4.8 58 $851,217 $801,778-6.2% TOTAL VALUE $14,431,999 18
THREE FAMILY DOWNTOWN JERSEY CITY TOWNHOMES - CLOSED TYPE ADDRESS LOT SIZE TOTAL BEDs DAYS ON MARKET CLOSING DATE ASKING PRICE SOLD PRICE % FROM ASK- ING 3 Family 199 BAY ST 25 x 100 6 22 7/30/2012 $550,000 $509,000-7.5% 3 Family 412 2ND ST 20 x 80 6 0 9/6/2012 $575,000 $550,000-4.3% 3 Family 166 GRAND ST 21 x 100 8 416 8/27/2012 $575,000 $565,000-1.7% 3 Family 265 3RD ST 25 x 100 4 133 8/13/2012 $649,000 $612,500-5.6% 3 Family 348 1/2 5TH ST 16.67 x 95 6 0 10/15/2012 $670,000 $660,000-1.5% 3 Family 240 2ND ST 25 x 100 7 0 12/17/2012 $737,500 $737,500 0.0% 3 Family 340 7TH ST 25 x 100 6 105 7/12/2012 $750,000 $732,600-2.3% 3 Family 360 6TH ST 25 x 100 5 62 12/17/2012 $825,000 $815,000-1.2% 3 Family 215 8TH ST 18.16 x 100 4 5 8/31/2012 $829,000 $805,000-2.9% 3 Family 244 1ST ST 20 x 50 3 10 9/18/2012 $855,000 $850,000-0.6% 3 Family 236 MONTGOMERY ST 20 x 100 5 15 7/19/2012 $899,000 $890,000-1.0% 3 Family 254 MONTGOMERY ST 40 x 100 9 131 10/19/2012 $1,950,000 $1,800,000-7.7% AVERAGE 5.8 75 $822,042 $793,883-3.0% TOTAL VALUE $9,526,600 19
PREPARED BY: HUDSON REALTY GROUP AT HALSTEAD PROPERTY NJ LLC Matt Brown, EVP 201.805.7403 mbrown@halstead.com Peter Cossio, EVP 917.855.5817 pcossio@halstead.com Lindsey Brown 201.320.9716 lbrown@halstead.com Clare Cossio 201.478.6711 ccossio@halstead.com This information may not be copied, commercially used or distributed without Halstead Property s prior consent. This data includes all condos that were listed in within the Hudson County MLS, MLS records do not include some new construction developments. While information is believed true, no guaranty is made of accuracy. METRO NJ OFFICE: 79 Hudson Street, Hoboken NJ, 201.478.6700 Visit hudsonrealtygroup.com for access to all of our reports, listings, neighborhood information and more.