downtown jersey city Homes Market Review. A look at Downtown jersey city condos

by Linden Moe on July 30, 2010

How’s The Downtown Jersey City Homes Market Doing? The Jersey City  Looking At the last six months……….

A General Market Overview Of All Downtown Jersey City Homes , Downtown Jersey City Condos

Click here for All Downtown Jersey city Homes For sale

First Lets Look At Downtown jersey city homes  Report for All Active Downtown Jersey City Condos on the market

LIST PRICE:
SOLD PRICE:
DOM:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$3,499,000
$149,000
$514,082
$459,900
$179,414,718
349
$0
$0
$0
$0
$0
717
1
103
91
 

As you can see there are quite a number of downtown jersey city homes available. 349 total .

Thats less homes and condos for sale in downtown jersey city than last year. So the supply is definitely down.

Which brings some good news. However before we get too happy lets take a look at whats under contract,

so we can see what the demand is like.

 Sooo,  lets look at how many Downtown jersey city homes that are under contract and pending

LIST PRICE:
SOLD PRICE:
DOM:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$1,135,000
$179,000
$450,561
$424,500
$38,748,318
86
$0
$0
$0
$0
$0
352
0
87
64
 

 an so now we can get a better idea of the market.

the fact that only 86 downtown jersey city condos are under contract definitely point to the fact that . YES, no big guess ,

we are indeed still in a buyers market. You my also note that while the mdian asking price was

$455,500 the average sold price was $423,000 .
Which means right now buyers in downtown jersey city are negotiating $20,000 savings off the asking price.
We need also another piece of the puzzle which is what did these actually sell for……….

so lets look at the downtown jersey city home sales for downtown jersey city condos SOLD in the last six months.

LIST PRICE:
SOLD PRICE:
DOM:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$1,249,000
$197,000
$469,155
$449,000
$92,423,684
197
$1,075,000
$175,000
$446,661
$423,000
$87,992,356
425
0
85
61
 

 Ok so now we see a clearer picture of demand in the downtown jersey city homes and condos market.

197 Condos sold in the downtown jersey city area in the past 6 months which is pretty healthy demand.

But so is the supply, that being said the number of condos sold in the past 6 months are about 20% less that what was being sold this time last year.

click here, If you would like a more accurate picture of the Downtown jersey city Homes market Report including pictures, details and descriptions or visit

http://www.JerseyCityHomePrices.com

Click Here To Search All Downtown Jersey City homes For sale and Get Access to search the Downtown Jersey city MLS

Active

Under Contract

Pending

search all hoboken homes for sale , hoboken foreclosures, hoboken homes, and downtown jersey city condos, union city condos here

Linden Moe Linden Moe  (103 Posts)

Your downtown jersey city condos expert advisor… Certified Real Estate Expert | Realtor | Consultant Team Leader of the “NJ Top Ten Real Estate Experts Team” America’s Elite Real Estate Fax 201-221-7712 | Direct Line 201-839-4927 | Office 201-432-1600 | Linden@BestBuysInNj.com | www.BestBuysInNj.com


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