Downtown Jersey City Real Estate | Market Update

Downtown Jersey City Real Estate Market Update

For the week of December 6th thru December 12th, 2010

Condo's

Sales:
For the week there were just three sales. Down compared to the first week of December with 8 sales.

128 Bright Street, 1021 square foot two bedroom two bath condo with terrace and a list price of $389,000 sold for $382,000 after 53 days on market.

253 Washington St, Washington Pointe Condos, an 1190 square foot two bedroom two bath new construction condo, with a list price of $530,900 sold for $508,000 after 33 days on market. (However listed earlier at a higher price then withdrawn and re-listed.)

20 2nd street, Mandalay Condos, an 1173 square foot two bed two bath with terrace and parking and a list price of $649,000 sold for $612,000 CASH after 93 days on market.

Pending Sales:
8 units are waiting to close for the week.
From the lowest, a 575 square foot one bedroom at 200 6th street with a list price of $285,000; to the highest, a 1200 square foot two bedroom two bath with terrace and parking and a list price of $639,000 are waiting to close.

Median list price for the week is $421,944, average list price is $465,835. Median days on market was 87 days (avg 76).

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

Pending: One home is waiting to close. 319 1/2 Pavonia Avenue, a four bedroom one and a half bath single family with patio listed at $395,000 is under contract.

Downtown Jersey City Weekly Real Estate Update

Last week on my facebook fan page, I promised you I would start giving you weekly downtown Jersey City market stats. Since my business is mostly Hoboken and Jersey City, this makes complete sense to me! So, without further due, here is your weekly real estate update.

What's hot in JC

For the week of June 7th 2010 thru June 13th, 2010

Condominium Sales:

There were 4 sales this week reported. From the lowest, at Trump Plaza, a 837 square foot one bedroom on the 20th floor, with an asking price of $439,888 sold for $405,000.

The highest sale, a two bed two bath at Fulton's Landing - 149 Essex - no square footage listed, with an asking price of $478,000 sold for $455,000.

Median list price was $444,444 and median sale price was $410,000. Median days on market was 61 days.

New Pending Sales:

There were two new contracts written for this same week. 264 9th, a 510 sq foot studio that needed renovations, with an asking price of $199,900 went under contract. And, 61 Grand Street, an 1100 square foot two bedroom two bath with an asking price of $559,000.

Median days on market 192 days.

Note: There are 184 condominiums and co-op's currently for sale.

Brownstones and Single Families:

No sales or new contracts were recorded for this week.

Note: There are 26 single families currently for sale.

Information provided by the Hudson County MLS, deemed reliable but not guaranteed. Does not include private inventory withheld from developers such as 77 Hudson and Trump Plaza, etc.