2017 Oct 9th

The September Hoboken & Jersey City Sales Results

Looks like we have a little dip in prices this most recent month.  Of course, one month does not create a trend and the last quarter is always the slowest.  We will continue to track!

Here is HOBOKEN:


  1. Jeff

    Hey Lori- What impact, if any, do you think the proposed tax plan will have on property values and inventory?

    Current proposal, that was released today, calls for cap on mortgage interest deduction at $500,000 for new home purchases and cap deduction of state and local property taxes at $10,000.


  2. Jc

    My two cents….Toll brothers stock was down 6%, so the market thinks luxury sales will certainly be affected. My guess is not a material impact. You are still getting benefit of interest and taxes just not as much, so I don’t think that will have a material impact on a large life decision to buy property. Maybe those doing the math on a million dollar place will realize they will miss out on a few grand per year back and therefore decide to buy a $900k place instead. So maybe the properties at a million give or take a few hundred grand could see slower movement. Higher end of market probably don’t use mortgages that much anyway and even if they do they don’t need the interest/property tax deduction to factor in purchases anyway. By the way….this is all a negotiation and may not come to be realized

Leave a Reply

Copyright © 2008 Hoboken Real Estate News     Login     Sitemap