Jersey City Real Estate Market Condo Sales Update

The Jersey City Real Estate Market Condo Update






Condo sales in downtown Jersey City are selling in a relatively short amount of time. With the median days on market time just shy of two months, it's slightly up from July with 34 days on market time and sales are up slightly also at 39 from 33 in July. Inventory continues to remain low at just 165 units for sale, leaving an absorption rate favoring sellers, however homes still need to be priced correctly and show great to sell to multiple bidders.

Sales
For the month of August, Downtown Jersey City reported a total of 39 units close. From the lowest sale price of $217,000 for a 575 sq ft one bedroom condo to the highest price of $839,500 for a 1771 sq ft 2 bedroom 3 bath at 66 Morris St.

The Median List Price for the month was $484,900 and the Median Sold Price was $474,900. The Median Days On Market was 38 days.

Pending
In August, downtown Jersey City reported 48 units change their status to pending. From the lowest asking price of $199,000 for a 643 sq foot one bedroom at 689 Marin Blvd Zephyr Lofts, to the highest asking price of $979,000 for a 3 bed two bath unit with outdoor space (sq footage not listed) at 232 Pavonia Ave Hamilton Square.

 Median List Price for these units pending was $497,000 and the Median Days on Market was 44 days.

Search for downtown Jersey City condo's here and select your price range and number of bedrooms.

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

Make sure to check back for my monthly Real Estate Market Condo Sales Updates

Downtown Jersey City Real Estate | Update April

Downtown Jersey City real estate update, April has shown a spike in activity with units pending increasing month over month and the days on market decreasing dramatically from those units sold. With just 218 units currently for sale, there is little inventory for the high demand coming from buyers. "They seem to go into contract the minute we want to see them" - Jersey City buyer

Sales
For the month DTJC saw a total of 40 units close. Up from March's total of 34 sales.
From the lowest sold price of $213,500 for a 610 square foot one bedroom at 254.5 9th street with a list price of $214,500, to the highest sold price of $950,000 for a 4 bedroom 3.5 bath town home featuring 5 floors and a list price of $1.025M

The Median List Price for the month was $444,499 and the Median Sold Price was $431,000. The Median Days On Market was 40 days.

Compared with March's Median List Price of $422,000 and Sale Price of $411,500. The Median Days On Market for March was 75 days.


Pending
This same month DTJC saw a total of 41 units change their status to Pending. Also up from March. From the lowest asking price of $199,000 for a 520 square foot studio at Dixon Mills 186 Wayne street, to the highest asking price of $799,000 for a 1185 square foot two bedroom two bath at Hamilton Square 232 Pavonia Ave.

The Median List Price for those units pending was $395,000 The Median Days on Market was just 38 days.

Compared with March which saw a total of 35 units pending and 49 Median Days on Market
March real estate report

Search downtown Jersey City real estate for an update on homes available for sale.

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

Spotlight On Gull's Cove - Downtown Jersey City

Gulls Cove 201 Marin Blvd Downtown Jersey City. A luxury condominium building featuring 16 stories, connected to an eight and five story base with three levels of covered parking, plus an amenity floor in the interior of the U shaped structure.

Priced from $320,000 to over $1.3Mil

Residences: Studio, one, two, and three bedroom condominiums.

Features:
24 Attended Lobby

Fitness Club

Lobby/Lounge & Fireplace

Rooftop putting green

Rooftop deck

On site commercial retail space

Lightrail at door step

Concierge services

Maintenance fees include internet and basic cable

Tax abatement

Interior Specs: Will vary based on choices originally provided by developer

Kitchen

Impala black granite countertops Kohler stainless steel undermount sink

White cabinetry

Whirlpool stainless steel appliances

Upgrade to modern cherry or mission-styled maple cabinets with polished black or latte granite countertops and premium-grade Kitchen Aid Architect Series appliances

Bath

Ceramic Dal tile or marble or porcelain tiling

Freeport white, rich hazelnut and cherry nutmeg vanities

Topped with marble and Kohler sink and faucet

Soaking tub and oversized walk-in shower

Life at Gulls Cove

Feauturing great modern convenience and high end amenities, Gull's Cove is a wonderful place to call home. Great location is close to the heart of downtown Jersey City but far enough to have some quiet. The location offers lovely water views and marina views that make this metro living at it's best. With the light rail right outside your door, and the PATH just a short walk away, Gull's Cove makes it easy to get around and enjoy what Jersey City, Hoboken and NYC have to offer.

There are units available from a starter studio to a penthouse 3 bedroom with incredible views! Want to make Gull's Cove your home? Contact Karina Anillo for a private viewing and more detailed information.

Photo Blog Post - The Saffron Downtown Jersey City

The Saffron - Downtown Jersey City - On Newark Avenue. Brand new condominiums that initially launched to market with an auction and they are selling the remainder of units available at market value.

While at a recent broker launch party I snapped a picture of the common roof deck.

Currently showing availability of one bedrooms and three bedrooms starting at $335,000 and $549,000.