Comp. Analysis RE Market Conditions - Bayonne, Hoboken, Jersey City
By Amos Elroy
(Exit on the Hudson Realty)
Comperative Analysis of Real Estate Market Conditions - Bayonne, Hoboken, Jersey City, Hudson County NJ - Apr. 2013 A question was asked on Trulia by Jeffrey Lee, about whether anyone knew when the Bayonne market will surge up as Hoboken and Jersey City have in recent months. I decided to tackle this question as it is pertinent to my investor clientele who may be looking at Boayonne as a possible expansion market due to the dwindling inventory in those other areas. It is true that while Hoboken has seen a 20% surge of median price over 12 months period, Jersey city as a whole has seen 13% change (with Jersey City Heights at 19%!!), Bayonne has seen a -1% change. To the onlooker it appears Bayonne is actually slipping back as opposed to moving up. While the median price is a good i...