Quarter Four brought an eventful year to a close. Equity markets retreated, having the worst December since the Great Depression, state and local tax (SALT) deduction limits were imposed on homeowners, and higher interest rates and tighter lending standards reduced liquidity in the market.
Flying in the face of these challenges,affordable markets in Southern Hudson County soared,posting significant year over year increases in median house prices.
Conversely,increased property taxes and macro factors impacted localized premium marketswith their median house prices retreating – Hoboken by 9% and Downtown Jersey City by 4%.
For more insights and information on new changes and developments throughout each of the eight key Hudson County markets, download the Q4, 2018 market report, courtesy of Pure Properties.
Author:Patrick Southern Phone: 201-232-3381 Dated: March 8th 2019 Views: 4,897 About Patrick: ...
Professional New Jersey Realtor Associate Patrick C. Southern, is a seasoned veteran boasting 10+ solid years of experience (and has been a top producing agent for the past 8 years consecutively). Presently, Patrick is procuring sales in a wide range of areas across North Jersey and is the #1 producing realtor in Hudson County with over 550 homes sold throughout his career to date. Impressively, in today's rapidly changing real estate market Patrick's business has actually increased by 20% every year for the past 4 years.
Patrick's success in closing transactions can be attributed to a multitude of significant factors including his exceptional work ethic, his continuous effort to educate himself in his field daily, his highly qualified team (including buyer's agent & transaction manager) and his extraordinary database of resources in his field , related to his field and beyond.
Being a lifelong NJ resident, experienced realtor, property owner and investor himself, Patrick has a deep rooted understanding of the NJ market; but most importantly, Patrick always has his clients’ best interest in mind and by setting realistic goals Patrick is able to not just list your home but ultimately sell your home. Patrick is best known for his proactive approach to sales and his undeniable ability to get the job done.
Downtown Jersey City homeowners nervously welcomed the New Year cogniz
"Anthony helped me purchase my first home (a 2 bed, 2 bath condo) in Hoboken in July 2015. To rate him a 5* is an understatement. Having lived in Hoboken for eight years and had friends buy places during my time there I thought I knew what I was doing, but having Anthony help me throughout the process proved to me why you MUST work with a realtor that knows the area in which you are looking.
Being my first home buying experience Anthony did an incredible job of laying out the home buying process and walking me through each step - he was even able to recommend professionals in other areas for me to work with throughout the process (mortgage broker, lawyer, even a painter)! He even dealt with my NUMEROUS questions (at all hours) and did so promptly and with a smile!
Most importantly he listened to what I was looking for and only showed me properties that appealed to me and made sense.
Working with anyone besides Anthony to find your next home would be a huge mistake!"