Over the last 3 months, December 1, 2014 through February 27, 2015, 60 of the 122 condos that sold in downtown Jersey City sold at 100% or above their list price. 36 or 60% of these 60 condos came within the range of 101% – 120% of list price.
The remaining 62 condos that changed ownership during the same period fell within a range of 83% and 99% of sale-to-list price.
The overall average sale-to-list price for the last 3 months was 99%.
The highest price paid for a Jersey City downtown condo within the same period was $2,000,000 for PH 4805 at 77 Hudson. The list price for this condo was $2,200,000.
If you wish to know what your Jersey City downtown condo would sell for, call me, Janice Hall, Weichert Realtors, at (201) 232-8577.
