Hudson County Real Estate Update 2013
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.
http://www.gardenstatehomesearch.com Or Call Us Direct 201-839-4926
you can also compare more hyper local stats… against each other..like
Read More Awesome Post:
- Hudson County Condos, Hudson County Homes And Hudson County Homes For Sale Home Values Report
- Hudson County Waterfront Report
- Hudson County Real Estate Marketwatch
- Hudson Real Estate Market & National Pending Home Sales Rise
- Hudson County Real Estate Market Report Multi Family Homes Sept 2013
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