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Tuesday, June 22, 2010

Downtown Jersey City Real Estate Weekly Sales Update

Downtown Jersey City Real Estate Market Update for the week of June 14th thru June 20th.


What's hot in JC


Condominium Sales:
For this week there were 9 condominium units close. The lowest price, was a 800 square foot one bedroom on Jersey Avenue near Christopher Columbus, with an original asking price of $315,000 then reduced to $279,000 and sold for $265,000, that's $331 a foot.

The highest price was a 1420 sq foot three bedroom two bath at The Shore Club, on Newport Parkway, with an asking price of $775,000 that sold for $736,000 cash, that's $518 a foot.


Median list price was $429,000, median sold price was $410,000. Median days on market was 24 days.


New Pending Sales:
There were 7 new contracts written this week. The lowest asking price was a 625 sq foot one bedroom one bath with private deck, on 9th street @ Hamilton Park, listed at $325,000.

The highest asking price was 1486 triplex loft with two beds two baths plus den and parking at 149 Essex Street in Paulus Hook, relisted and reduced to $648,800.


Median list price was $449,000 median days on market was 84 days.

Brownstones and single family home sales:
There were no sales for this week.

New Pending Sales:
There was one ocntract written for this week. 158 1/2 Coles Street, a 12.5 by 70 lot with 4 bedrooms, one and a half baths and yard with an asking price of $549,000 is under contract.

Compare this week's sales to last week's here
Information supplied by the Hudson County MLS, deemed reliable but not guaranteed

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