Forget the naysayers and talk about “slow down” in real estate activity elsewhere; year-to-date statistics show that at least in Jersey City downtown, buyer activity is still on the rise.
In July 2015, there was a 10.45% increase in the number of units sold over July 2014: 74 units to 67 units.
For the 12-month period August 2014 through July 2105 there was a 0.54% increase over the same period one year earlier, August 2013 through July 2014; 749 to 745 units.
The average sold price for all sales in Jersey City downtown has increased 12.28% in July 2015 over July 2014; $747,020 over $665,291.
The average sold price for the 12-month period August 2014 through July 2015 increased 10.03% over the same period 1 year earlier, August 2013 through July 2014: $669,559 over $608,531.
If you are interested in finding out what your Jersey City downtown property is worth, call me, Janice Hall, at (201) 232-8577.
