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: 759 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
"We began our home search with Shaye Lastra in Spring 2013. After speaking with several realtors, Shaye was the person we wanted to work with because she had an exceptionally work ethic, and was very knowledgeable about the area and process.
Shaye and her team showed my husband and I several homes, and helped us put in several offers (we were out-bid). Shaye was very organized and thorough, and constantly checked in and followed up with us, which was very important as we were searching for a property in an extremely competitive market. She was very easy to reach and always available (even on nights and weekends), and was prompt with returning calls when she was not able to pick up the phone herself.
In the end, we purchased a home through a different realty company because the seller had an exclusive contract through a different broker. Shaye fully encouraged us to pursue the home, despite the fact that this would mean the loss of a sale for her and we had been working with her for months. She even put us in touch with a realtor within the other company whom she trusted.
Even though she was no longer our realtor, Shaye kept in touch with us throughout. Due to the rapport we had built, we called her several times throughout the purchasing process to ask for advice when our realtor was on vacation, and when we needed an unbiased opinion. I am sorry that we were not able to finish the process with Shaye, but we are so grateful for having begun the process with her. I highly recommend Shaye for anyone looking to purchase a home in the Jersey City/Hoboken area."