1. METRO NJ REAL ESTATE MARKET REPORT
1H 2010
HOBOKEN AND DOWNTOWN JERSEY CITY
64 Madison St, Hoboken, NJ: $575,000

2. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
MARKET RECAP
Hoboken and Jersey City Real estate sales started out with a bang in 2010 with a robust
spring selling season that began in late February and lasted through early June. Interest rates
remained at all time lows driven by increased and sustained activity in the bond market.
Meanwhile the first time home buyer tax credit continued to drive sales in most categories.
Total sales volume nearly doubled compared to the first half of 09.
With sellers and buyers still posturing for the best deals, buyers seem to have won out as the
price per square foot in the condominium market returned to 05 levels. The townhome mar-
ket remained viable as many significant town homes sales helped that end of the market
hold steady. 1028 Willow Avenue received the second highest price ever for a single family
residence in Hoboken at $2,295,000.
As usual the summer doldrums have hit as sales volume has suffered a significant slowdown
from the second half of June through July.
Hudson Realty Group
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
2

3. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
TOTAL SALES VOLUME BY PROPERTY TYPE
Downtown JC
Townhomes
$12,977,000
4%
Downtown JC Condos
$84,272,121
24%
Hoboken Condos,
Hoboken Townhomes $210,072,493
$37,489,000 61%
11%
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
3

4. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
CONDO MARKET REGIONAL COMPARISON
1st Half 2010 Downtown JC Hoboken Brooklyn* Manhattan
Average Sales Price $431,973 $508,656 $823,489 $1,686,690
Average Price / SqFt 422 468 752 1176
* Brooklyn Heights - Carroll Gardens - Cobble Hill - Columbia Street Waterfront - Dumbo - Red Hook
$2,000,000
$1,686,690
AVERAGE SALES PRICE
$1,500,000
$1,000,000 $823,489
$431,973 $508,656
$500,000
$0
Downtown JC Hoboken Brooklyn* Manhattan
$1,600
AVERAGE SALE PRICE PER SQFT
1176
$1,200
752
$800
422 468
$400
$0
Downtown JC Hoboken Brooklyn* Manhattan
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
4

5. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
HOBOKEN CONDO MARKET SUMMARY
1H 2010 2H 2009 % Change
Average Sales Price $508,656 $486,608 4.5%
Average Price / SqFt 468 476 -1.8%
Total Value of Condos Sold $210,072,493 $200,967,474 4.5%
Average DOM of Sold Condos 78 84 -7.4%
Listed within Period 617 611 1.0%
Under Contract within Period 452 371 21.8%
Closed within Period 416 414 0.5%
DOWNTOWN JERSEY CITY CONDO MARKET SUMMARY
1H 2010 2H 2009 % Change
Average Sales Price $431,973 $437,498 -1.3%
Average Price / SqFt 422 438 -3.7%
Total Value of Condos Sold $84,272,121 $75,521,126 11.6%
Average DOM of Sold Condos 93 94 -0.2%
Listed within Period 429 398 7.8%
Under Contract within Period 226 201 12.4%
Closed within Period 194 174 11.5%
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
5

6. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
$325
Millions
$300
TOTAL CONDO SALES VOLUME
(MILLIONS) HOBOKEN
DOWNTOWN JC
$275 $267
$259
$250
$225
$225 $215
$208 $209 $210
$206 $206
$201
$197
$200 $194
$175
$150
$125 $118 $118
$108
$97
$100
$89 $87 $84
$75 $75 $76
$75 $71
$66
$56
$48
$50
$25
$0
1H04 2H04 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
6

7. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
$600k
$575k AVERAGE CONDO SALES PRICE
HOBOKEN
$550k $535k $536k
$526k $528k
$525k $516k $517k $515k
$510k $511k $509k
$501k $498k
$500k $487k
$475k $467k
$457k $456k $458k $455k
$452k
$450k $437k
$432k
$422k
$425k $414k
$400k $391k
$373k
$375k
$350k $338k
$325k
$300k
1H04 2H04 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10
600
575
AVERAGE CONDO SALES PRICE PER SQFT
558 HOBOKEN
550 544
538
532 531
520 521
525 515
509
500
500 491 488 486
480 478 476
475 466 468
453
450 439 434 438
422
425
400 392
380
375
344
350
325
300
1H04 2H04 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
7

8. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
175
AVERAGE "DAYS ON MARKET"
(CLOSED CONDOS)
150
141 HOBOKEN
135 DOWNTOWN JC
128
125
125 122
106
100 100
100 95 94 93
88 89
86 87
83 84
80
78
76 75
75 72
70 70
58 59
50
25
0
1H04 2H04 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
8

9. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
140
HOBOKEN CONDOS - CONTRACTS SIGNED - PER MONTH
119
120 114
110 111
103
100 94 93 92 93
88 88 88 87 86
83 85 84 85 84
82 81
77 79 79
80 76 74 75 76
72 70
68 68 66 66 66
62 63 62
60 58 60 58 60
57 55 57 56
60 55
52 50 51 50 50
49 49 49
45 46
39 38
40 31 31
29
25
20
0
S-05
S-06
S-07
S-08
S-09
O-05
O-06
O-07
O-08
O-09
N-05
N-06
N-07
N-08
N-09
A-05
A-05
D-05
A-06
A-06
D-06
A-07
A-07
D-07
A-08
A-08
D-08
A-09
A-09
D-09
A-10
M-05
M-06
M-06
M-07
M-07
M-08
M-08
M-09
M-09
M-10
M-10
J-06
J-07
J-08
J-09
J-10
F-10
J-05
J-05
F-06
J-06
J-06
F-07
J-07
J-07
F-08
J-08
J-08
F-09
J-09
J-09
J-10
J-10
450
HOBOKEN CONDOS - CONTRACTS SIGNED - PER QUARTER
375
332
300 270
259 264 255
210 216 207 212 209
225 200 199 203 193
183 187 180 182
150 126 126
85
75
0
2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
9

10. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
90
80
DOWNTOWN JERSEY CITY - CONTRACTS SIGNED - PER MONTH
70 65
62 61
59
60
48 48 47
50 44 45 44
42 43 42
41 41 40 40
39 39 39 38 38 39 38
40 37 36 37
34 34 35 34 34 34 35
33 33 33
30 30 31 30 30 31
29 29 28 28 28
30 26 27 26 27 27
24 23
19 19 18 20
20 15
13 13 13 14
10
0
N-06
A-07
N-07
A-08
A-08
A-09
A-09
A-05
A-05
N-05
A-06
A-06
A-07
N-08
N-09
A-10
D-07
D-08
D-09
D-05
D-06
M-06
M-07
M-08
M-09
M-10
M-05
M-06
M-07
M-08
M-09
M-10
J-05
F-06
J-06
J-06
J-07
J-10
J-05
J-06
J-07
F-07
J-07
J-08
F-08
J-08
J-08
J-09
F-09
J-09
J-09
F-10
J-10
J-10
S-09
S-05
S-06
S-07
S-08
O-05
O-06
O-07
O-08
O-09
200
DOWNTOWN JERSEY CITY - CONTRACTS SIGNED - PER QUARTER
175
157
150 142
131
121 123 125
125 118
109 110 111
102 102 101
100 92 90 94
83
76
75 68
51
45
50
25
0
2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
10

11. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
HOBOKEN TOWNHOME SALES SUMMARY
# Closed within 6 month Period 36
Average Closed per Month 6
Average Days on Market 86
Average Sales Price $1,041,361
Average % Discount From Asking -5.1%
1 Family Total Sales Volume $19,999,000
2 Family Total Sales Volume $9,465,000
3 Family Total Sales Volume $8,025,000
Grand Total Sales Volume $37,489,000
DOWNTOWN JERSEY CITY TOWNHOME SALES SUMMARY
# Closed within 6 month Period 19
Average Closed per Month 3.2
Average Days on Market 81
Average Sales Price $683,000
Average % Discount From Asking -5.1%
1 Family Total Sales Volume $4,818,000
2 Family Total Sales Volume $6,236,500
3 Family Total Sales Volume $1,922,500
Grand Total Sales Volume $12,977,000
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
11

12. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
SINGLE FAMILY - HOBOKEN TOWNHOMES - CLOSED
TOTAL DAYS ON CLOSI NG % FROM
TYPE ADDRESS LOT SI ZE BEDs MARKET DATE ASKI NG PRI CE SOLD PRICE ASKI NG
One Family 29 WILLOW TERRACE 12.38 x 50 2 577 3/25/2010 $430,000 $375,000 -12.8%
One Family 207 8TH ST 17 x 55 4 28 4/21/2010 $550,000 $425,000 -22.7%
One Family 28 WILLOW TERRACE 12.5 x 50 3 42 3/16/2010 $550,000 $540,000 -1.8%
One Family 5 WILLOW TERRACE 12.5 x 50 3 35 5/26/2010 $629,000 $604,000 -4.0%
One Family 113 GARDEN ST 16 X 102 4 85 6/10/2010 $880,000 $750,000 -14.8%
One Family 158 7TH ST 16.67 x 50 2 51 6/25/2010 $999,000 $912,000 -8.7%
One Family 723 GARDEN ST 12.5 x 100 3 13 2/9/2010 $929,000 $935,000 0.6%
One Family 721 PARK AVE 15 x 100 3 25 4/29/2010 $1,025,000 $980,000 -4.4%
One Family 1233 GARDEN ST 16 X 100 3 79 3/2/2010 $1,099,000 $1,070,000 -2.6%
One Family 917 PARK AVE 13.58 X 100 3 10 6/16/2010 $1,099,000 $1,110,000 1.0%
One Family 1251 GARDEN ST 15.92 x 75 4 90 6/16/2010 $1,295,000 $1,240,000 -4.2%
One Family 1202 GARDEN ST 15.2 x 100 4 32 4/8/2010 $1,295,000 $1,285,000 -0.8%
One Family 736 PARK AVE 15 x 100 4 4 2/26/2010 $1,239,000 $1,315,000 6.1%
One Family 208 NEWARK ST 23 x 62 5 45 3/3/2010 $1,599,000 $1,355,000 -15.3%
One Family 823 HUDSON ST 16 x 100 4 63 6/11/2010 $1,495,000 $1,382,000 -7.6%
One Family 169 11TH ST 16.67 x 80 4 112 5/6/2010 $1,850,000 $1,650,000 -10.8%
One Family 933 WASHINGTON ST 18.52 x 88 4 65 5/14/2010 $1,995,000 $1,776,000 -11.0%
One Family 1028 WILLOW AVE 20x100 & 40x45 4 345 5/3/2010 $2,495,000 $2,295,000 -8.0%
1 FAMILY AVERAGES 3.5 95 $1,191,833 $1,111,056 -6.8%
TOTAL VALUE $19,999,000
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
12

13. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
TWO AND THREE FAMILY - HOBOKEN TOWNHOMES - CLOSED
TOTAL DAYS ON CLOSI NG % FROM
TYPE ADDRESS LOT SI ZE BEDs MARKET DATE ASKI NG PRI CE SOLD PRICE ASKI NG
2 Family 517 MONROE ST 15.50 x 54.85 4 212 5/18/2010 $569,000 $505,000 -11.2%
2 Family 213 4TH ST 25 x 44 4 78 1/19/2010 $749,000 $720,000 -3.9%
2 Family 1242 GARDEN ST 15.12 x 100 4 8 4/25/2010 $880,000 $950,000 8.0%
2 Family 634 GARDEN ST 18.6 x 100 5 152 5/21/2010 $1,099,000 $980,000 -10.8%
2 Family 1228 BLOOMFIELD ST 20 x 100 4 87 5/14/2010 $1,150,000 $1,075,000 -6.5%
2 Family 208 11TH ST 21 x 66 5 37 3/16/2010 $1,075,000 $1,090,000 1.4%
2 Family 1315 GARDEN ST 18 x 100 4 23 6/25/2010 $1,325,000 $1,210,000 -8.7%
2 Family 1141 PARK AVE 17 x 53 3 19 5/25/2010 $1,295,000 $1,295,000 0.0%
2 Family 935 BLOOMFIELD ST 16 x 75 5 22 5/14/2010 $1,728,000 $1,640,000 -5.1%
2 FAMILY AVERAGES 4.2 71 $1,366,389 $1,051,667 -4.1%
TOTAL VALUE $9,465,000
TOTAL DAYS ON CLOSI NG % FROM
TYPE ADDRESS LOT SI ZE BEDs MARKET DATE ASKI NG PRI CE SOLD PRICE ASKI NG
3 Family 616 MADISON ST 25 X 100 5 42 6/9/2010 $599,900 $525,000 -12.5%
3 Family 604 PARK AVE 20 x 100 4 83 3/19/2010 $775,000 $750,000 -3.2%
3 Family 1230 PARK AVE 20.20 X 82 5 81 4/6/2010 $595,000 $750,000 26.1%
3 Family 615 BLOOMFIELD ST 18.33 x 75 9 192 6/12/2010 $825,000 $770,000 -6.7%
3 Family 56 MADISON ST 22 x 100 5 0 3/26/2010 $839,900 $800,000 -4.8%
3 Family 257 11TH ST 19 x 83 4 60 2/11/2010 $899,999 $855,000 -5.0%
3 Family 912 WILLOW AVE 22 x 100 4 15 6/24/2010 $945,000 $925,000 -2.1%
3 Family 616 HUDSON ST 25 x 100 6 123 3/16/2010 $1,599,000 $1,325,000 -17.1%
3 Family 206 HUDSON ST 25 x 100 5 167 1/28/2010 $1,300,000 $1,325,000 1.9%
3 FAMILY AVERAGES 5.2 85 $930,978 $891,667 -2.6%
TOTAL VALUE $8,025,000
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
13

14. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
DOWNTOWN JERSEY CITY TOWNHOMES - CLOSED
TOTAL DAYS ON CLOSI NG % FROM
TYPE ADDRESS BETWEEN LOT SI ZE BEDs MARKET DATE ASKI NG PRI CE SOLD PRI CE ASKI NG
One Family 425.5 MONMOUTH AVE OFF 4TH AVE 11X44 2 211 2/19/2010 $267,500 $230,000 -14.0%
One Family 337 1/2 PAVONIA AVE BRUNSWICK AND SEVENTH ST 16.67X100 4 30 2/1/2010 $439,900 $388,000 -11.8%
One Family 15 LAUREL CT 1ST AND 2ND STREETS 24.64 X 39 4 42 4/19/2010 $400,000 $390,000 -2.5%
3 Family 236.5 1ST ST Off of Erie 19.6 X 56 3 11 3/12/2010 $389,000 $405,000 4.1%
One Family 354 4TH ST Monmouth and Brunswwick 12.5x95 2 18 5/25/2010 $425,000 $410,000 -3.5%
One Family 164 COLES ST 9TH ST + PAVONIA AVE 12X65 2 68 4/16/2010 $569,000 $535,000 -6.0%
One Family 331 1/2 8TH ST Coles & Monmouth Sts 12.5 X 50 0 16 2/1/2010 $595,000 $550,000 -7.6%
One Family 230 GRAND ST Grove & Marin 18 x 100 3 150 3/31/2010 $650,000 $600,000 -7.7%
One Family 167 COLES ST 9th & Pavonia 12.5 x 60 3 16 5/28/2010 $619,000 $610,000 -1.5%
2 Family 202 BRUNSWICK ST 7th & 8th St. 18 x 50 4 61 2/19/2010 $650,000 $610,000 -6.2%
2 Family 252 BARROW ST York & Bright 14.67X60 4 22 3/1/2010 $779,000 $738,500 -5.2%
3 Family 617 JERSEY AVE 5th & 6th St. 20 x 100 5 188 5/21/2010 $769,900 $742,500 -3.6%
2 Family 256 9TH ST Jersey Avenue & Erie Street 16.67x50 4 118 1/21/2010 $799,000 $750,000 -6.1%
3 Family 224 8TH ST Manila & Erie St. 18.75 x 100 5 131 4/29/2010 $799,900 $775,000 -3.1%
2 Family 232 3RD ST Jersey and Erie 16.67 X 75 5 11 6/15/2010 $875,000 $875,000 0.0%
2 Family 4 WEST HAMILTON PL On Hamilton Park 16.67 x 60 4 17 6/30/2010 $895,000 $895,000 0.0%
One Family 311 VARICK ST Mercer and Montgomery 20 X 75 4 136 1/12/2010 $1,195,000 $1,105,000 -7.5%
2 Family 1 PAULMIER PL Corner of Barrow 18.3X75 4 49 5/27/2010 $1,250,000 $1,179,000 -5.7%
2 Family 129 MERCER ST JERSEY & VARICK 21.67 X 100 5 238 1/7/2010 $1,295,000 $1,189,000 -8.2%
AVERAGES 3.5 81 $719,063 $683,000 -5.1%
TOTAL VALUE $12,977,000
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
14

15. METRO NJ REAL ESTATE MARKET REPORT
MARKET ANALYSIS 1H 2010
NOTEWORTHY HOBOKEN SALES:
HIGHEST PRICED Address Type Lot Size DOM Beds Asking Price Sold Price % Under Ask
TOWNHOME SALE 1028 WILLOW AVE 1-FAM 20x100 & 40x45 345 4 $2,495,000 $2,295,000 -8.0%
HIGHEST PRICED Address Unit Num Sq Feet DOM Beds Asking Price Sold Price Price/SqFt % Under Ask
CONDO SALE 225 RIVER ST 2502 2367 124 3 $2,750,000 $2,400,000 1014 -12.7%
HIGHEST PRICE PER SQFT Address Unit Num Sq Feet DOM Beds Asking Price Sold Price Price/SqFt % Under Ask
CONDO SALE 225 RIVER ST 2502 2367 124 3 $2,750,000 $2,400,000 1014 -12.7%
LOWEST PRICED Address Unit Num Sq Feet DOM Beds Asking Price Sold Price Price/SqFt % Under Ask
CONDO SALE 227 MONROE ST 2L 517 89 1 $269,000 $200,000 387 -25.7%
LOWEST PRICE PER SQFT Address Unit Num Sq Feet DOM Beds Asking Price Sold Price Price/SqFt % Under Ask
CONDO SALE 517 JACKSON ST 202 1510 2 $389,000 $385,000 255 -1.0%
NOTEWORTHY DOWNTOWN JERSEY CITY SALES:
HIGHEST PRICED Address Type Lot Size DOM Beds Asking Price Sold Price % Under Ask
TOWNHOME SALE 239 MERCER ST 2-FAM 21.67 x 100 238 5 $1,295,000 $1,189,000 -8.2%
HIGHEST PRICED Address Unit Num Sq Feet DOM Beds Asking Price Sold Price Price/SqFt % Under Ask
CONDO SALE 299 PAVONIA AVE 2-10 7700 352 3 $1,333,000 $1,100,000 143 -17.5%
HIGHEST PRICE PER SQFT Address Unit Num Sq Feet DOM Beds Asking Price Sold Price Price/SqFt % Under Ask
CONDO SALE 20 NEWPORT PARKWAY 2607 1335 26 2 $879,000 $850,000 637 -3.3%
LOWEST PRICED Address Unit Num Sq Feet DOM Beds Asking Price Sold Price Price/SqFt % Under Ask
CONDO SALE 343 4TH ST 3 506 345 1 $197,000 $175,000 345 -11.2%
LOWEST PRICE PER SQFT Address Unit Num Sq Feet DOM Beds Asking Price Sold Price Price/SqFt % Under Ask
CONDO SALE 299 PAVONIA AVE 2-10 7700 352 3 $1,333,000 $1,100,000 143 -17.5%
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved.
15

16. METRO NJ REAL ESTATE MARKET REPORT
PREPARED BY: HUDSON REALTY GROUP AT HALSTEAD PROPERTY NJ LLC
©2010 by Hudson Realty Group at Halstead Property New Jersey LLC. All Rights Reserved. This information may not be copied, commercially used or
distributed without Halstead Property’s prior consent. This data includes all condos that were listed in within the Hudson County MLS, MLS records do
not include some new construction developments. While information is believed true, no guaranty is made of accuracy.
METRO NJ OFFICE: 79 Hudson Street, Hoboken NJ, 201.478.6700
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