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Re: How is your neighborhood doing?
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Check out

www.HudsonCondoValue.com

This site will give you a good idea of what your home is currently worth and will send quarterly updates as well.

Posted on: 2016/6/8 3:38
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Re: How is your neighborhood doing?
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Look at the spill over effects in JC.

Map: Brooklyn Has Had Explosion Of Million-Dollar Homes

Hoboken is pretty much red.
DTJC is getting to red.
There are pockets around JSQ and Society Hill.

Posted on: 2016/5/30 20:30
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Re: How is your neighborhood doing?
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Quote:

user1111 wrote:
If you purchased in 2004-2006 you might be really hurting right now, no matter the zip code.


I did purchase a Heights 3U rental in 2004, and it sank in value. But we're in it long term, it's worth more now, and the rents are up 43%. It's a few blocks to the Congress St elevator, and the future for this property looks bright.

It's only short term that the game here looks like Russian Roulette. But there's areas of the country with very little prospect for appreciation, and rentals there give cashflows we would think impossible, like 3 or 4% of purchase price in monthly rent. Buy a house in TX for $20k and rent it for $600.

Posted on: 2016/5/30 18:50
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Re: How is your neighborhood doing?
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If you purchased in 2004-2006 you might be really hurting right now, no matter the zip code.

Posted on: 2016/5/30 17:59
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Re: How is your neighborhood doing?
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Well that sure is a fascinating map to hover your mouse over once you zoom in on the metro area. Never mind the JC stuff we already knew, that Greenville is dramatically lagging JSQ & the Height. Newark is doing badly. I thought it was doing better than that. A lot of speculators are either early or gonna get their asses handed to them. A huge chunk of the suburbs are just holding even, which means losses in real dollars. And 2004 was not the peak of the market.

Posted on: 2016/5/30 17:56
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How is your neighborhood doing?
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A single-family home in Zip code 07305 in Jersey City, N.J., was worth $259,421 on average in 2015, about 8 percent more than in 2004. It's a moderately populated, mostly black area. The home values are typically lower than most of the homes in the New York-Newark-Jersey City, NY-NJ- area.

Check out your neighborhood here

Posted on: 2016/5/30 16:59
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