Downtown Jersey City Weekly Real Estate Update

Last week on my facebook fan page, I promised you I would start giving you weekly downtown Jersey City market stats. Since my business is mostly Hoboken and Jersey City, this makes complete sense to me! So, without further due, here is your weekly real estate update.

What's hot in JC

For the week of June 7th 2010 thru June 13th, 2010

Condominium Sales:

There were 4 sales this week reported. From the lowest, at Trump Plaza, a 837 square foot one bedroom on the 20th floor, with an asking price of $439,888 sold for $405,000.

The highest sale, a two bed two bath at Fulton's Landing - 149 Essex - no square footage listed, with an asking price of $478,000 sold for $455,000.

Median list price was $444,444 and median sale price was $410,000. Median days on market was 61 days.

New Pending Sales:

There were two new contracts written for this same week. 264 9th, a 510 sq foot studio that needed renovations, with an asking price of $199,900 went under contract. And, 61 Grand Street, an 1100 square foot two bedroom two bath with an asking price of $559,000.

Median days on market 192 days.

Note: There are 184 condominiums and co-op's currently for sale.

Brownstones and Single Families:

No sales or new contracts were recorded for this week.

Note: There are 26 single families currently for sale.

Information provided by the Hudson County MLS, deemed reliable but not guaranteed. Does not include private inventory withheld from developers such as 77 Hudson and Trump Plaza, etc.