Week of June 20 - 26th 2011
Sales:For the week there were 15 sales. From the lowest price, a short sale at 308 Monroe, one bedroom 554 sq feet asking $199,000 that sold for $199,000; to the highest price, a 3 bedroom 3 bath, 1651 sq feet with parking at 900 Jefferson with a list price of $750,000 and a higher sale price of $790,000.
Median list price for the week was $428,000. Median sale price was $427,000. Average days on market was 107 days.
Pending:For the same week there are 9 units waiting to close. From the lowest price, a 550 sq ft 1 bedroom at 1015 Grand St with a list price of $284,900; to the highest price, a 1079 sq ft two bedroom two bath with parking at The Huntington Hoboken, with a list price of $509,000.
Median list price for those pending was $425,000. Average days on market was 81 days.
Looks like June is going to close with a healthy amount of sales. Currently, there are just 387 condos for sale.
If it feels more competitive right now it's because it is. There are many bidding wars right now for homes priced correctly that need little to no work and they are trading closer to asking and in some cases above asking. So please be prepared and armed with information!
Information provided by the Hudson County MLS, deemed reliable but not guaranteed.
Are there any condos in Jersey City available? I'm looking for a 1 bedroom (possibly 2, depending on price). I'm not very picky otherwise, as long as the kitchen and bathroom are fully functional.
ReplyDelete