Weekly Real Estate Market Update: Week ended Jan 30, 2015

#Blizzardof2015 and #SuperBowl were probably to blame for the slower than usual week in Hoboken and Jersey City real estate.

In Hoboken, the top news in real estate was the listing of the extraordinary mansion at 925 Hudson St. Hoboken, priced at $4.6 million (click on the link for photos). At over 6500 square feet, the top reason the owners are moving out may not be a bigger space. So was education the reason for the move (the child goes to 3rd grade next year)?

If you have not checked out the free seminar discussing real estate in the top school districts, please do visit http://jchoboken2shorthills.com/. The event will be held on Feb 28, from 3-5 pm. Registration for the free tickets opens soon, and space will be limited.

In Jersey City, a new 2 bedroom unit has come to market at Trump West. Remember: Trump's views are at risk across the board, as 5 new skyscrapers have been approved to surround it from all sides. 2 bedrooms have been a tough sell, the two others have been on the market for 4+ months, but this new unit is priced considerably lower. Once pricing gets to be at par with non-view luxury units in Jersey City, this building could become really attractive for buyers looking for the amazing luxury amenities Trump has to offer.

In other news, Zephyr Lofts, a full service luxury building at the border of Hoboken/Jersey City, was FHA-approved today. With all its legal troubles behind it, monthly HOA fees on the decline for 3 years, and the Hoboken Rail Yards project expected to rejuvenate the area in the coming years, this building is one of the best bangs for the buck for buyers looking for an edgy, true loft space. And now, with the FHA approval, financing the purchases will be super easy. Note: The building is not directly handicapped accessible (unless you enter from the 700 Grove side). A 1000 sqft 2 bedroom one bath is on the market, and a 1 bed/1 bath hit the MLS today. Click on the link for more info and contact me to arrange a showing:

Hoboken weekly highlights:




Jersey City weekly highlights: