Hudson Real Estate Market Report 2013

by Linden Moe on December 21, 2013

Hudson County Real Estate Update 2013

Hudson County Real Estate Market 2013

Hudson County Real Estate Market

 

Lets Recap the Hudson County Real Estate Market 2013

 

Lets look at the market over view and recap some numbers… Its been a crazy year… in Hudson

 

Lets look at wether prices went up or down. For this overview we are looking at the 2 leading indicators…

Condos and Single families… This Report Includes Jersey City, Hoboken, West New York, Union City, Weehawken, Secaucus Condos and all Single Family Homes for sale in the greater Hudson County Real Estate Market.

It gives a solid 1000 square foot view of the real estate market in general in ..Lets Examine the Hudson County Real Estate Single Family Market

Prices are up 30% over last year… This means that buyers who waited from last year paid 30% more for a house this year…

The same house that they would have bought for $215,000 last year they paid $280,000 this year,

Thats what our investor clients was busy doing while retail buyers sat out the market waiting…

And with another price increase coming due to sever lack of inventory..Its a safe bet to do the same…

Lets look at supply vs demand….there was 25% LESS homes available to even choose from.. and that wont likely change

Another key Indicator you can see here in the transition to sellers market is the asked to sold ratio.. Last year Sellers in 2012 was on average only getting 91% of asking price.. now they are getting 94.8% ... due to more competition amongst buyers and investors

fighting for shrinking homes available on the market…. This will be more competitive into 2014,.. So Beat out the other buyers,,early

Now Lets Look at the Hudson County Real Estate  Market 2013…Condos…

First Stat that jumps off the page is sales are up 25% .. 25% more Hudson Condos Sold than in 2012...

Another indicator of the pent up demand…. with there being 7.9% less hudson county condos to choose from…

Some more key stats that jump off the page.. buyers who waited paid $25,000 more to buy a home..in 2013 vs 2012..

Buyers who did not wait was able to buy a condo on average at $405,000.. While The buyers who waited paid $426,000 more.


Click Here to Beat Out The other Buyers And Investors To The Most Accurate Updated Property Hotlist Including Hudson County Bank foreclosures, Short Sales and More.. UPDATED DAILY

http://www.gardenstatehomesearch.com Or Call Us Direct 201-839-4926

Also

you can also compare more hyper local stats… against each other..like

Downtown jersey city real estate market stats 07302 vs hoboken real estate market stats 07030

http://www.gardenstatehomesearch.com/micompare/zip/07302/comparezip/07030/  

Journal square real estate market 07306 Vs Jersey city heights real estate market 07307

http://www.gardenstatehomesearch.com/micompare/zip/07306/comparezip/07307/ 

Union City Real Estate Market Stats 07087 Vs West New York Real Estate 07093

http://www.gardenstatehomesearch.com/micompare/zip/07087/comparezip/07093/

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. Hudson County Waterfront Report
  3. Hudson County Real Estate Marketwatch
  4. Hudson Real Estate Market & National Pending Home Sales Rise
  5. Hudson County Real Estate Market Report Multi Family Homes Sept 2013



Try our super useful *Wild Card* home search


Samples of allowed searches:
3 beds, 2 baths
4 rooms, 2 baths, New Jersey
5 bedrooms, 4 bathrooms, 07010
1500 square feet, Hoboken
2500 sqft, 4 rooms, 3 bath, Jersey City





Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /home4/lindenjr/public_html/wp-content/plugins/seo-facebook-comments/facebook/base_facebook.php on line 1044