Downtown Jersey City Real Estate | Weekly Market Update

Downtown Jersey City Real Estate Weekly Market Update
Week of October 11th 2010

What's hot

Condominium Sales: For the week sales are up compared to last week's number of just one. This week, 7 units sold. From the lowest price, a 560 square foot studio at Montgomery Greene - 105 Greene St with an asking price of $250,000 sold above asking for $260,000. The highest price sale, a 1545 sq foot three bedroom two bath duplex with parking at The Shore Club - 1 Shore Lane, with a list price of $759,000 sold for $727,500.

Median List Price for this week was $526,900. Median Sale Price was $505,000. Median days on market was 76 days.

Pending Sales: For the week just one unit is under contract. A 566 square foot one bedroom short sale at The Athena - 389 Washington St is under contract.

Brownstones & Single Family Homes
Sales: Zero for the week.
Pending: Zero for the week.

Compare this week to last week's sales.

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

Downtown Jersey City Real Estate | Weekly Market Update

Downtown Jersey City Real Estate Weekly Market Update
Week of September 13th, 2010

What's hot in JC

Condominium Sales:
For this week there were four closed sales. From the lowest priced, a 650 square foot one bedroom one bath at 254 9th Street with a list price of $325,000 and a sale price of $310,000, to the highest price, a 1585 square foot two bedroom plus den, two bath at 140 Bay Street - Bay Street Lofts, with a list price of $649,000 and a sale price of $635,000.

Pending Sales:
Three units are under contract for the week.
321 8th Street - two bedroom one bath, 650 sq feet with a list price of $365,000
83 Bright Street - two bedroom plus den two bath, 1730 sq feet with a list price of $575,000
50 Wayne Street - two bedroom two bath, 1756 sq feet with a list price of $645,000

Median list price for the week was $424,000, median sale price was $413,750. Median days on market, 152 days.

Single Family Brownstones
No brownstones or single family homes sold or are under contract for this week.


Information provided by the Hudson County Multiple Listing Service, deemed reliable but not guaranteed.

Where To Eat In Downtown JC - Light Horse Tavern

I had a closing yesterday and on my way to do a walk thru*  I stopped into the Light Horse Tavern in Paulus Hook to purchase a gift certificate for my repeat buyers. They're located on Washington St not too far from the pier and marina which is so lovely this time of year.

This restaurant is beautiful and the food is excellent. It's a great place to pop in for drinks while listening to live music, grab a bite at lunch, or enjoy a nice dinner. I've eaten here twice and both times were excellent.

*A walk thru is generally done on the morning of the day you 'close' on a property. The buyer and their agent will go back to the home to walk around and make sure that the property was left by the previous occupant in good condition prior to closing.


LIGHT HORSE TAVERN

199 Washington Street, Jersey City, NJ 07302
TEL: 201-946-2028

Downtown Jersey City Real Estate | Weekly Market Update

Downtown Jersey City Real Estate Weekly Market Update
Week of August 9th to August 15th, 2010

What's Hot In JC

Condominium Sales:
For this week, there were six sales. The lowest price was a 400 square foot studio at 295 York Street with a list price of $179,000 and a sale price of $170,000. The highest price was a 1173 Sq foot two bed two bath with terrace and parking at Mandalay Bay with a list price of $715,000 and a sale price of $650,000.
Median list price was $445,000 median sale price was $371,500. Median days on market was 9 days.

Pending Sales:
There are 5 units pending for the week. From the lowest price, a 765 square foot studio at Trump Tower with a list price of  $250,000. The highest price, a 1395 square foot 2 bed 3 bath duplex with parking at The Pier House with a list price of $669,000.

Median list price was $449,000. Median days on market was 173 days.

Brownstone Single Family Homes
Sales:
No sales for the week.

Pending:One single family went under contract. And boy it is a gorgeous one. A 5 level, 9 bedroom 4 bath at 210 Washington St in Paulus Hook with a list price 1.650Million.

Compare this week's sales to last weeks.

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

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.