Downtown Jersey City Real Estate | Market Update

Downtown Jersey City Real Estate Market Update

For the week of December 6th thru December 12th, 2010

Condo's

Sales:
For the week there were just three sales. Down compared to the first week of December with 8 sales.

128 Bright Street, 1021 square foot two bedroom two bath condo with terrace and a list price of $389,000 sold for $382,000 after 53 days on market.

253 Washington St, Washington Pointe Condos, an 1190 square foot two bedroom two bath new construction condo, with a list price of $530,900 sold for $508,000 after 33 days on market. (However listed earlier at a higher price then withdrawn and re-listed.)

20 2nd street, Mandalay Condos, an 1173 square foot two bed two bath with terrace and parking and a list price of $649,000 sold for $612,000 CASH after 93 days on market.

Pending Sales:
8 units are waiting to close for the week.
From the lowest, a 575 square foot one bedroom at 200 6th street with a list price of $285,000; to the highest, a 1200 square foot two bedroom two bath with terrace and parking and a list price of $639,000 are waiting to close.

Median list price for the week is $421,944, average list price is $465,835. Median days on market was 87 days (avg 76).

Brownstones and Single Family
Sales: No sales for the week.

Pending: One home is waiting to close. 319 1/2 Pavonia Avenue, a four bedroom one and a half bath single family with patio listed at $395,000 is under contract.