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| Reporting From My Office! |
January:
Jersey City reported 40 condo sales. Their Median List Price was $460,450 and their Median Sold Price was $454,000. Median Days on Market was 27 days.
58 units were reported as pending for January.
February:
Jersey City reported a total of 28 condo sales. Their Median List Price was $499,000 and their Median Sold Price was $472,500. Median Days on Market was 25 days.
49 units were reported as pending for February.
March:
Jersey City reported a total of 54 units sold for the month. Their Median List Price was $499,000 and their Median Sold Price was $479,400. Median Days on Market was 28 days.
56 units were reported as pending for March.
First Quarter Sales Totals
122 Condo Sales
Median List Price for all was $498,944
Median Sold Price was $477,000
Median Days on Market was 28 days.
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First Quarter Sales in 2012
81 Condo Sales
Median List Price for all was $420,000
Median Sold Price was $414,000
Median Days on Market was 60 days.
First Quarter Condo Sales in Downtown Jersey City are up approximately 13% from the same time last year.
Thank you for reading my downtown Jersey City real estate market update! If you have any questions please don't hesitate to reach me! And remember you can search on my website for condos for sale at www.karinaabad.com
Check back soon for more updates!
Information gathered from the Hudson County MLS, deemed reliable but not guaranteed.
Thanks for the information, I've been looking for homes for sale in NJ, especially by the beach. I am relocating to NJ from Los Angeles for a job, and I don't want to be too far from a beach even if that means a longer commute. Is there a specific beach town you would suggest?
ReplyDeleteThanks James! There are many beautiful beach towns along the Jersey Shore, unfortunately many were hurt by Hurricane Sandy. Spring Lake is beautiful, and I particularly love Asbury Park but there are so many to explore and each offers something different for everyone! Rumson is popular with executives that commute to financial center in NYC via the speed ferry so perhaps you may want to look into that one as well.
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