Hudson County Real Estate and Community News  

Jan. 5, 2017

Jersey City Wins Curbed Cup 2016, Crowned ‘NYC Neighborhood of the Year’

 

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jersey city skyline statue of liberty

Well, it’s official! Jersey City won the 2016 Curbed Cup, taking the title of NYC neighborhood of the year. This marks the first time a neighborhood *outside* of NYC won the competition.

Beginning the competition as the 9th seed, we beat out Greenpoint in Round 1, South Village in Round 2, Prospect Heights in the semi-finals, and lastly, number 2 seed the Financial District in the finals.

Curbed’s staff was surprised by the prominence of Jersey City in this year’s competition, mentioning the strong voter turnout from this side of the Hudson. Also surprised were some Curbed commenters, who took issue with Jersey City’s inclusion in the competition, as it’s not technically an NYC neighborhood. None of that seemed to matter as Jersey City won every competition in a landslide.

Even Mayor Fulop jumped in to acknowledge Jersey City’s rapid accession.

Posted in Community News
Jan. 4, 2017

5 Reasons to Resolve to Hire a Real Estate Professional [INFOGRAPHIC]

   First Time Home BuyersFor BuyersFor SellersInfographicsMove-Up Buyers

5 Reasons to Resolve to Hire a Real Estate Professional [INFOGRAPHIC] | Simplifying The Market

 

Some Highlights:

  • As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional on your team!
  • There are many benefits to using a local professional!
  • Pick a pro who knows your local market and can help you navigate the housing market!
Posted in Selling Your Home
Jan. 4, 2017

Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories

   For BuyersFor SellersHousing Market Updates

The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure.

Homes priced between $100-250K showed a 20.7% increase year-over-year. This is an impressive increase, showing that November was an excellent month for home sales in this price range.

But surprisingly, the 20.7% increase in sales in this range was not the highest percent change achieved, as sales of homes over $250,000 increased by double-digit percentages with sales in the $750,000- $1 million range showing the largest increase, up 43.2%!

As prices in many markets continue to accelerate, it is no surprise to see the percentage of homes in the higher price ranges increasing.

Here is the breakdown:

Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories | Simplifying The Market

Homes under $100,000 were the only group to show negative appreciation of sales at -2.4%. This not only points to the lower inventory of homes available for sale in this price range but also speaks to the overall strength of the housing market.

What does that mean to you if you are selling?

Houses are definitely selling. If your house has been on the market for any length of time and has not yet sold, perhaps it is time to sit down with your agent to see if it is priced appropriately to compete in today’s market.

Posted in Real Estate News