• Hoboken Claims Real Estate Title of ‘Most Home Sales’ in 2016

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    The results are in: Hoboken’s the place to live in New Jersey! {well duh, this might not have been news to us who call Hoboken home}. But in all seriousness, Hoboken did claim the title of “Most Home Sales in 2016” in the state of New Jersey — so we had to share the findings.

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    PropertyShark just released the list of the most expensive zip codes in the U.S. and in New Jersey for 2016, and while Hoboken didn’t take the top spot in this category — it did claim the title of “Most Home Transactions” last year. Last year, there were 830 home sales in 07030 with a median home price of $685,000.  And in another report by Smart Asset previously shard by Hmag, Hoboken came in third for healthiest real estate market.

    smartasset-hoboken

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    So what does healthy mean exactly when it comes to housing? Smart Asset based the rankings on affordability, stability, fluidity, and risk of loss.  With a healthy balance between these factors and an increased luxury market in Hoboken, our city’s got a lot to brag about these days.

    We can see why so many people are flocking here — it’s a pretty great place to live with so many things to do, eat, and see {we’ve got a whole list of 26 reasons right here}. And according to WSJ, Hoboken’s attracting millennials left and right due to its proximity to NYC, nightlife, and dining options galore. But it doesn’t stop there. “Families are staying here longer and millennials are setting their sights on homeownership, which are benefiting Hoboken’s market tremendously,” Tamara Tosun of Keller Williams shared with HG.

    Because we’re curious, we know you are too: what were the most expensive homes sold in Hoboken last year? 

    If these sales are any indication of what’s to come this year, Hoboken’s real estate market is sure to be booming:

    1. 504 Hudson St,  {$6,500,000}

    2. 907 Castle Point Ter,  {$4,050,000}

    3. 1234 Garden St,  {$3,100,000}

    4. 1230 Garden St,  {$3,000,000}

    5. 515-517 Jefferson St, {$3,000,000}

    Here are just a few more highlights from the report from 2016:

    1. The most expensive house sales in New Jersey last year? We’re talking $10M each for 85 Ocean Ave. and 9 Wallace Road in Deal, New Jersey.
    2. The second most-expensive zip code in New Jersey is Short Hills {07078}, which has a median home price of $1,430,000. This is another popular spot for NYC commuters.
    3. In the U.S. report from Property Shark, two New Jersey cities landed spots as the most expensive cities in the country: Alpine {ranked 44th} and Short Hills {ranked 88th}. It’s no secret that NYC housing is through the roof, so people are flocking to the Garden State to find more affordable options, even if it still comes with a semi-hefty, {yet still slightly cheaper} price tag.
    4. In the New Jersey version of the report, Alpine takes the top spot yet again for priciest zip code {07620} with a median home sale of $2,050,000. Alpine happens to be the home of several stars including Stevie Wonder and Alicia Keys. Who wouldn’t want to be their neighbor? Imagine the block party singing that would go down there.

    And just for kicks, check out the top 10 most expensive homes in the U.S. here {the most expensive one is going for $45M, btw}.

     

    What surprised you most about this report? 

    See how your zip code ranks here.

     


    Written by:

    By day, Tamara is an editor at a women's magazine, but in her free time, she runs her own fashion blog and helps out with Hoboken Girl. Otherwise, you can catch her ‘gramming like it's her job, checking out the cutest spots to eat and drink and redeeming herself at spin class later. Oh, and if you’re curious about Kylie Lip Kits, she’ll happily show you her collection.


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