Of the 174 condos sold in the Jersey City downtown area over the past 3 months, March 15 thru June 15, the average ask-to-sold ratio is 100%.
The highest ask-to-sold ratio is 116% for a 1 bedroom, 1 bathroom 525 sq. ft. condo at 135 Montgomery Street, Jersey City, which sold for $345,678. The asking price was $299,000.
The highest-priced condo that sold over asking was $1,250,000 paid for 1603 sq. ft. 3 bedrooms 3 bathrooms duplex at 212 Washington Street. The unit sold at 104% of its asking price of $1,200,000.
The limited condo inventory is driving condo prices up in Jersey City downtown.
If you would like to know what your condo is worth call me, Janice Hall, at (201) 232-8577.
