FOURTH QUARTER 2012

QUARTERLYMARKET

REPORT

HOBOKEN/DOWNTOWN JERSEY CITY

Hoboken: All Apartments

Despite extremely limited inventory, apartment sales rose 21% over the past year in Hoboken. While the average price was up slightly from 2011’s fourth quarter, the median price rose 12% to $485,000. Apartments sold quickly, spending an average of just 51 days on the market, 23% less time than a year ago. Sellers received 98.1% of their asking price, up from 96.8% in the fourth quarter of 2011.

2 Fourth Quarter 2012

Asking Vs. Selling Price

85%

90%

95%

100%

25 days

50 days

75 days

100 days

Time on the Market

Average Sale Price Median Sale Price

$550,000

$500,000

$450,000

$400,000

$350,000

$250,000

$300,000

Average and Median Sale Price Number of Sales

0

100

150

200

250

$528,738 $480,000

3Q12

$527,586 $485,000

4Q12

$526,738 $433,125

4Q11

$490,447 $435,000

1Q12

$525,699 $476,000

2Q12

226

3Q12

164

4Q12

136

4Q11

131

1Q12

211

2Q12

51

4Q12

66

4Q11

78

1Q12

51

2Q12

51

3Q12

97.8%

3Q12

98.1%

4Q12

96.8%

4Q11

96.1%

1Q12

97.9%

2Q12

50

Fourth Quarter 2012 3

halstead.comDowntown Jersey City: All Apartments

Apartment prices in Downtown Jersey City averaged $493,980 in the fourth quarter, a 17% improvement from 2011’s comparable period. The number of sales more than doubled from a year ago, with 134 closings. Units spent an average of 53 days on the market before they sold, which was 30% faster than a year ago.

25 days

75 days

100 days

Time on the Market

57

3Q124Q11

76 78

1Q12 4Q12

5377

2Q12

Asking Vs. Selling Price

85%

90%

95%

100% 97.5%

3Q124Q11

96.3% 97.4%

1Q12 4Q12

97.4%96.8%

2Q12

Average Sale Price Median Sale Price

$500,000

$450,000

$400,000

$350,000

$300,000

$200,000

$250,000

Average and Median Sale Price$460,438 $443,500

3Q12

$493,980 $469,500

4Q12

$422,374 $415,000

4Q11

$438,303 $404,500

1Q12

$457,400 $410,000

2Q12

Number of Sales

0

25

50

75

100

125

150

100

3Q124Q11

66 80

1Q12 4Q12

134123

2Q12

50 days

Prepared by Alan Tsang, Senior Analyst, Halstead Property, LLCData is sourced from the Hudson County MLS

©2013 by Halstead Property New Jersey, LLC. All Rights Reserved. This information may not be copied, commercially used or distributed without Halstead Property’s prior consent. While information is believed true, no guaranty is made of accuracy.

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Cover Property: Web# 3450027

Metro New Jersey79 Hudson StreetHoboken, NJ 07030201.478.6700

Park Avenue499 Park AvenueNew York, NY 10022212.734.0010

West Side408 Columbus AvenueNew York, NY 10024212.769.3000

SoHo451 West BroadwayNew York, NY 10012212.253.9300

Brooklyn Heights 150 Montague StreetBrooklyn, NY 11201718.613.2000

Boerum Hill495 Atlantic AvenueBrooklyn, NY 11217718.613.2090

Park Slope76 Seventh AvenueBrooklyn, NY 11217718.399.2222

Riverdale 3531 Johnson AvenueRiverdale, NY 10463718.878.1700

5626 Mosholu AvenueRiverdale, NY 10471718.549.4116

Hudson Valley526 Warren StreetHudson, NY 12534518.828.0181

Commercial Sales770 Lexington AvenueNew York, NY 10065212.381.3208

Darien671 Boston Post RoadDarien, CT 06820203.655.1418

Greenwich2 Greenwich Office ParkGreenwich, CT 06830203.869.8100

Stamford1099 High Ridge RoadStamford, CT 06905203.329.8801

East Side770 Lexington AvenueNew York, NY 10065212.317.7800

Village831 BroadwayNew York, NY 10003212.253.9300

Upper Manhattan 175 Lenox AvenueNew York, NY 10026212.381.2570

Cobble Hill162 Court StreetBrooklyn, NY 11201718.613.2020

206 Court StreetBrooklyn, NY 11201718.596.3333

East Hampton3 North Main StreetEast Hampton, NY 11937 631.324.6100

Development Marketing831 BroadwayNew York, NY 10003212.253.9300

Global Services770 Lexington AvenueNew York, NY 10065800.765.2692 x6521

New Canaan183 Elm StreetNew Canaan, CT 06840203.966.7800

Rowayton140 Rowayton AvenueRowayton, CT 06853203.655.1418

Westport379 Post Road EastWestport, CT 06880203.221.0666

Wilton21 River RoadWilton, CT 06897203.762.8118