Sellers of condos just built in Jersey City downtown are experiencing higher list-to-sale ratios than sellers of resale units.
For the week ending July 19, five of the 8 condos sold fetched 100 % or more of their list price. Of these 5 condos, 2 were new construction located at 93 Bright Street. Unit # 2, a 2-bed, 2-bath, 1,230 sq ft condo, sold at 100.06% of its asking price. Unit #1 at the same address, a 1-bed, 1-bath, 960 sq ft condo, fetched 100% of its asking price. The Bright Street building boasts top-of-the-line finishes including marble countertops and bamboo floors, and private outdoor space.
Condo # 1 at 334 7th Street, also new construction, achieved 98% of list.
Other Jersey City downtown addresses that fetched ratios of 100% or more are: 83 Bright, 100.02%, 443 2nd, 100%, and 481 Monmouth, also 100%.
If you wish to determine the current market value of your Jersey City downtown condo, call Janice Hall at (201) 232-8577.
