Downtown Jersey City Real Estate | Market Update

Downtown Jersey City Real Estate Market Update
Week of August 1 thru August 8th, 2010

What's hot in JC

Condominium Sales
For the week there were 8 sales. The lowest asking price was for a 900 square foot two bed two bath at 227 Bay St with a list price of $299,900 - sold for $275,000. The highest asking price was for a 1300 sq foot two bed two bath at The Shore Club with a list price of $698,000 - sold for $645,000.
Median list price for the week was $399,900 median sale price was $387,500. Median days on market was 48 days.

Pending Sales
Three units are under contract for the week. Since there are three I'll list them.
420 2nd St 450 sq foot one bed - list price of $169,000
303 7th 1558 sq foot two bed two bath - list price of $489,000
The Shore Club - 1280 sq foot two bed two bath listed at $675,000

Median list price was $489,000 median days on market was 90 days.

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

Pending
No pending contracts for the week

Information provided by the Hudson County MLS, deemed reliable but not guaranteed.