Saturday, February 28, 2015

Jersey City Hoboken Real Estate Market Recap 2-27-15

Great news.The parking garage at 700 Grove is finally open after being damaged by Hurricane Sandy. This means that the time to get into 700 Grove, and nearby Zephyr Lofts (recently FHA approved), two buildings which remain deep-value, is now!

The Hoboken and Jersey City market remains super tight and ultra competitive, with low inventory forcing almost every desirable home to a multiple bidding situation. But a quick commute to Manhattan and prices still below outer boroughs such as Brooklyn mean buyers can still find a great lifestyle at a good value relative to neighboring areas.

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