Jersey City Real Estate

Condos in the Jersey City downtown area 07302 are selling faster than they did a year ago.

From January 1, 2016 to June 30, homes listed for sale downtown Jersey City spent an average of 33 days on the market compared to the same period a year ago when they took an average of 41 days to sell.

It took a lot less time in the downtown area for homes on the market to land a contract compared to other areas in Jersey City.  In the Heights it took an average of 61 days, in Journal Square 73, Bergen Lafayette 58 and West Bergen 93.

Thinking of selling your Jersey City home, call Janice Hall at 201 232 8577.

 

 

A 2109 sq. ft, condo in the James Monroe building, 44 River Drive South, Jersey City fetched $1,425,000 earlier this week.   This is the highest price paid for a condo in the building since the beginning of 2016.  The duplex unit # 3205 has 4 bedrooms and 3 bathrooms.

$676 the price paid per sq. ft. for this unit, is the 3rd highest per sq. ft. price paid so far this year.  The highest was $723 for a much smaller condo, and $686 for a 1010 sq. ft. unit, both units closed earlier in the year.

In May a 1377 sq. ft unit fetched $882,500 or $645 a sq. ft.  The James Munroe building was built in 1989.

If you would like to find out what your Jersey City downtown home is worth call Janice Hall at 201 232 8577.

 

 

 

Unit # 1903 –  2 bed 2 baths, 1170 sq. ft., condo at Mandalay on the Hudson sold this past week for $999,999, or $855 per sq. ft.

This is the 2nd of only 2 sales at the Mandalay listed on the MLS for 2016.   The other unit # 407 – 1 bed 1 bath, 697 sq. ft., closed in June at $955 per sq. ft., or $665,812.

Mandalay on the Hudson is located at 20 2nd Street, Jersey City downtown.

To find out what your home is worth call or email Janice Hall at 201 232 8577, JaniceNJrealtor@gmail.com.

According to the Hudson County MLS there is very little change in condos sold in Jersey City downtown zip code 07302 for the 12 month period June 2015 thru 2016 compared to June 2014 thru 2015.  During the past 12 months Jersey City downtown recorded 741 condos sold.  For the 12 month cycle June 2014 thru 2015 – 732 condos were recorded as sold.

This change is minimal compared to Jersey City Heights and Bergen Lafayette areas in Jersey City where records show 31.19%  and 30.30% increase in sales for 2015/2016 compared to 2014/2015.

If you are interested in finding out about the real estate market in Jersey City call Janice Hall at 201 232 8577.

 

Despite more closed condo sales at Trump Towers, Jersey City downtown, the average days on the market for listings increased in May compared to April, 2016.  So far for this month the average time condo listings spent on the market before attracting an offer was 37 days compared to 18 days in April.

The average sold price also decreased in May to $822,962 compared to April at $892,750.

6 condos changed ownership at Trump Towers, 88 Morgan Street, Jersey City downtown so far this month compared to 4 for the month of April.

If you need to find out the average time your Jersey City condo will take to sell call me Janice Hall at 201 232 8577.