Downtown Newport Jersey City Condos Sold Quarter 1

by Linden Moe on April 9, 2013

The 1st Quarter results for Downtown/Newport Jersey City Condos are in…Survey says…Prices wont stop going up…

until Supply Vs Demand is in balance.. Right now the pent up demand is far exceeding supply of units..simple economics 101…

Downtown Jersey City Condos For Sale Waterfront Buildings

Downtown Jersey City Condos For Sale Waterfront Buildings

Wanted to share Insider Access to our Downtown/Newport Market Espionage Report..
Where we look at whats going on with actual sold prices and values in the Downtown/Newport Market.
With this report you will be more knowledgeable than most realtors…..
A few things to keep in mind these are All Downtown/Newport condos including brownstones..and non luxury buildings…
We didnt include sales center numbers from 77 hudson, trump plaza, crystal pointe..
Obviously those sales in the tax records would send averages through the roof and we wanted to be conservative in our approach..
the averages at trump plaza sales center was 500k for 1 bedrooms, 77 hudson 600k plus, crystal pointe 600k plus.. thats just the 1 bedrooms… Give us a call for even more insider market secrets.. 201-839-4926

In Downtown Jersey City And Newport Pavonia in the first quarter.. there was 119 total condos sold in Newport and Downtown Jersey City

With an additional 155 Downtown/Newport Condos Under contract Pending Sale…
63 -1 Bedroom Condos Sold ..
Average asking price for 1 Bedroom Condos $418,574
Average Sold Price was for 1 Bedroom Condos $408,925
Average Days on market was 53 days…
52 -2 bedrooms Condos Sold
Average asking price for 2 Bedroom Condos $605,849

Average Sold Price was for 2 Bedroom Condos $604,531

Average Days on market was 57 days…
Get the full Story..Give us a call to discuss where the market is headed and how to beat out the other buyers.. 201-839-4927  Linden Moe.. your Downtown Jersey city waterfront specialist….
1 bedrooms
LISTING COUNT:
63
DAYS ON MARKET:
304
0
53
28
LIST PRICE:
SOLD PRICE:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE
$724,900
$199,000
$418,574
$425,000
$26,370,190
$715,000
$189,150
$408,925
$420,000
$25,762,313
2 bedooms
LISTING COUNT:
50
DAYS ON MARKET:
332
0
57
23
LIST PRICE:
SOLD PRICE:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE
$1,418,000
$360,000
$605,849
$554,000
$30,292,498
$1,355,000
$360,000
$604,531
$542,500
$30,226,585
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


Read More Awesome Post:

  1. Downtown Jersey City Condos Market-6-3-2011
  2. Downtown Jersey City Condos Prices Dropping?
  3. Downtown Jersey City Sold Report December 2011 Year In Review By Linden Moe
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  5. True Newport Pavonia Condos Becoming An Endangered Species?



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