True Newport Pavonia Condos Becoming An Endangered Species?

by Linden Moe on April 2, 2013

Are true Newport Pavonia Condos on downtown jersey city waterfront  becoming rarer than endangered species?..it seems so

Newport Pavomia Jersey City Condos View

The View From Newport Pavonia Condos

Ironic how in a sellers market nobody want to sell…when it was a buyers market..which was firmly from 2008-very early 2012

seems like everyone wanted to sell and there was plenty of inventory on the market..and I do mean plenty..

First what I consider newport and what others consider Newport…Its technical term is downtown jersey city 07310 area code.. but lets examine the facts of the newport pavonia real estate market..

Im coming up with 12 total Newport Pavonia Condos For Sale

http://www.gardenstatehomesearch.com/listings/areas/1806/

Well If you define Newport the way I do which is actually only James Monroe and the Shore Club…

the answers will vary… So whats really active in those 2 buildings? 3 total active units on the entire “Real” Newport Market..

1 at James Monroe at 45 River drive south.. a 2 bedroom 2 bath for 550,000

Which actually isnt a bad unit despite it being over priced,..I mean it is basically the closest you will get to the newport pavonia Path..

Then Im seeing 2 at the Shore Club…

 

1 at Shore club south 20 newport parkway jersey city 07310 for a cool 2 million smackers..

and 1 at Shore club North  at 1 shore lane jersey city nj 07310.. a 1 bedroom  for 499,000

So overall there are only 3 total real newport units on the market…

Thats a little insane considering at the financial meltdown stage , Im used to seeing 10 properties sitting around James Monroe

On the market for forever… by the way to gain insider access and market insights to Newport Pavonia Condos that havent even hit the market yet.. call us at 201-839-4926.. or gain insight with our Newport Pavonia Condos analysis 

You are going to have to get there first..in todays market..period..and once you see it..

dont go home and think about it..or consult your friends..or the peanut gallery..the buyer that saw it yesterday..is doing the same..

 

 

 

 

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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