Hudson Short Sale Foreclosures MarketWatch 3-27

by Linden Moe on March 27, 2012

Hudson County Short Sales And Foreclosures Market

Hudson County Short Sales And Foreclosures Market

The New Hudson County Short Sales And Foreclosure List For 3-27-12

This is whats going on in the Hoboken, Downtown Jersey city, West New York, North Bergen , Jersey City , Union City, Weehawken Short sales and Foreclosures Market.

The Short Sales and foreclosures market in Hoboken And Downtown Jersey City is shrinking at an alarming rate..

 

We have seen Hudson County Short sales and foreclosures drop almost 20% since we

started tracking this list.. Most of them have either Sold or gone pending over

the last 90 days..

In fact let me share with you exactly whats happening in the shrinking inventory market

its not rocket science.. Good deals dont last long in any market..

And as pending Homes sales continue to rise..1,000′s of buyers are already being priced right out of the market…Literally..

And cash heavy investors are buying up the good properties before home buyers even have a chance to look at it…

Hudson County Property Values continue to hold steady in most towns in Hudson County..without the sharp declines.. Buyers that have been sitting on the fences for months..

Now find themselves in direct competition with other buyers who just have entered the market..

The activity is picking up all across the board and In some instances in Hoboken and Downtown Jersey City in particular..we are starting to see the dreaded multiple bids..

Which actually makes us want to scream.. In fact Hoboken is no longer a buyers market..I know..sounds crazy..

Here is the actual Data..

Hoboken has only a 3.9 month supply of inventory..

65% of all Hoboken property that comes on the market is going under contract..

I had to triple check those numbers..

In plain English..a buyers market is 6 months supply..

Downtown Jersey City is still a buyers market with 7.7 months of inventory..

But here’s the trick.. just 60 days ago that was a 10 month supply..

coupled with the fact that 55% of all Downtown Jersey City Condos that hit the market are going under contract..its starting to get crazy there as well…

You can always see neighborhood by neighborhood real live time reports at..

http://www.gardenstatehomesearch.com/mimarket/zip/07302/

Just enter the zip code you are looking for…

You will see current pricing trends..under contract and sold data..

A 100 view look at the local market as it stands right now in real time..

 

 

 

Hoboken Short Sales And Foreclosures Hot List Has.. 6 new short sales and foreclosures

http://www.gardenstatehomesearch.com/listings/areas/1728/propertytype/SINGLE,CONDO,MULTI,LAND/listingtype/Foreclosure%20Bank%20Owned,Short%20Sale,Auction/

 

Downtown Jersey City Has 14 New Short sales and foreclosures

http://www.gardenstatehomesearch.com/listings/areas/1801,1806/propertytype/SINGLE,CONDO,MULTI,LAND/listingtype/Foreclosure%20Bank%20Owned,Short%20Sale,Auction/

 

West New York has 49 total

http://www.gardenstatehomesearch.com/listings/areas/1775/propertytype/SINGLE,CONDO,MULTI,LAND/listingtype/Foreclosure%20Bank%20Owned,Short%20Sale,Auction/

North bergen has 55 total

http://www.gardenstatehomesearch.com/listings/areas/1743/propertytype/SINGLE,CONDO,MULTI,LAND/listingtype/Foreclosure%20Bank%20Owned,Short%20Sale,Auction/

Union City has 49 total

http://www.gardenstatehomesearch.com/listings/areas/1775/propertytype/SINGLE,CONDO,MULTI,LAND/listingtype/Foreclosure%20Bank%20Owned,Short%20Sale,Auction/

 

We also Have a list Of Off Market Unlisted Properties We reserve For our Inner Circle Clients..If you would like to take a look at the off market property List Feel free to give us a call at 201-839-4927

Signing off..

Linden Moe

Americas Elite Real Estate

Hudson County Real Estate Experts Group

201-839-4927

Be sure to connect with us and our over 2000 fans on facebook

http://facebook.com/toptenteam

 

 

 

 

 

 

Linden Moe Linden Moe  (103 Posts)

Your downtown jersey city condos expert advisor… Certified Real Estate Expert | Realtor | Consultant Team Leader of the “NJ Top Ten Real Estate Experts Team” America’s Elite Real Estate Fax 201-221-7712 | Direct Line 201-839-4927 | Office 201-432-1600 | Linden@BestBuysInNj.com | www.BestBuysInNj.com


Read More Awesome Post:

  1. Hudson County Condos, Hudson County Homes And Hudson County Homes For Sale Home Values Report
  2. Hoboken Foreclosures
  3. Negotiation Tips When Buying Hudson County Foreclosures
  4. Hudson County Short Sale And Pre-Foreclosure HotList
  5. Hudson County Real Estate Marketwatch



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