Jersey City Condo Sales

Of the 87 condos that sold in downtown Jersey City in the last 3 months January to March, only 36 or 41% closed at or above list price that is 100% or more.  Some 59% or 51 condos closed below list price in the range of 81% – 99%.

For those that closed at or above list price the median days on the market was 19.  The median days on the market for condos that did not sell for full price or higher was 27.

The highest list to sale price percentage in Jersey City downtown during January to March 2018 was 114%

Thinking of selling your Jersey City condo and need help in pricing to sell?  Call Janice Hall at 201 232 8577

12 condos in the Jersey City downtown condo building at 20 Newport Parkway, Jersey City changed owners in 2017.

The average sold price was $1,082,827.

The average price per sq. ft was approximately $870.

The highest price paid was $1,280,000 for unit #318

The highest price paid per sq. ft. was $968.37  for unit #2501 which sold for $1,133,000.

The average days on the market was 28.

If you’re thinking of selling your Shore Club South condo 20 Newport Parkway Jersey City downtown call Janice Hall at 201 232 8577.

 

 

 

There is a 14.45% decline in the number of units sold during November 1, 2016 through October 31, 2017 compared to November 2015 through October 2016.

In the past 12 months, 669 units changed owners.  During the same time Nov 2015 thru  Oct 2016 some 782 units sold.  The only other Jersey City area that saw a decline was Bergen LaFayette with a 27.03% decline over the prior period.

There was also a decline in days on the market for sales in the Jersey City downtown area.  Nov 2016 thru Oct 2017 saw a 13.96% decline, 32 days, over the period Nov 2015 thru Oct 2016 with 37 days.

Interested in finding out how more about the Jersey City downtown real estate market?  Call Janice Hall at 201 232 8577 or email: janiceNJrealtor@gmail.com.

 

The past 12 months October 2016 thru September 2017 have seen a 12% decline in days on the market for units sold in the Jersey City downtown area.    During October 2015 thru September 2016 the decline was 14%.

From 2016 thru 2017 the average days on the market was 33.  For 2015 thru 2016 the time on the market was 38 days.

The overall days on the market decline for all Jersey City for 2016 – 2017 was 14%, while the overall average decline for 2015 thru 2016 was 21.84%.  Measured in days this represented 46 to 59.

Interested in finding out how long it will take to sell your Jersey City downtown condo call Janice Hall at 201 232 8577.

Only 30 condo units have sold so far for October 2017 compared to 50 units during the same time Oct 1-21, 2016 in the Jersey City downtown area.

The average sold price for October is $861,264 compared to $814,812 in 2016.  The average days on the market is 21 compared to 25 in 2016.

Two units sold at Shore Club South 20 Newport Parkway this month.  The highest sold price was $1,140,000.  The highest $ paid per sq. ft. was $939.28.

Two units sold at the Mandalay 20 2nd Street, Jersey City downtown.  The highest price paid was $685,000.   The highest $ paid per sq. ft. was $992.59.

If you’d like to find out the value of your Jersey City downtown condo call Janice Hall at 201 232 8577.

Jersey City downtown saw a 5.03% increase in sold prices from July 1, 2016 – June 30, 2017 compared to sold prices in other Jersey City areas during July 1, 2015 – June 30, 2016.

During the same period July 2016 to June 2017, Jersey City Greenville experienced a 25.39% increase in sold prices over July 2015 – June 2016.

Jersey City Heights saw a 20.85% increase in 2016 – 2107 prices compared to 2015 – 2016.

West Bergen increased 6.85% during 2016 – 2017 compared to the same period 2015 – 2016.

Jersey City Golden DoorThere was a 10% decline in condo sales during the first half of 2017 in Jersey City downtown, zip code 07302 compared to the same period in 2016.  In 2017 – 273 condos sold while in January to June 2016 – 305 condos changed owners.

There was a reduction too in days on the market.  In 2017 the average days on the market was 30.  In 2016 it was 31.

The average sold price increased in 2017 to $817,228.  In 2016 the average was $$727,730.

If you have questions about your Jersey City real estate call Janice Hall at 201 232 8577.

 

 

 

In June it took an average of 22 days to sell a condo in Jersey City downtown zip code 07302.

Of the 55 condos that sold in the past month, 13 sold on the first day on the market.    The median range was 12 days on the market.

The most active building for sale was 88 Morgan, Jersey City, Trump Plaza with 5 condos sold.   4 of the 5 units sold at and above list price.  Unit #906 with 1203 sq. ft. and 2 bedrooms 2 baths sold for $1,027,500 over $27,000 above its list price of $999,888.

If you are interested in selling your Jersey City downtown condo call me Janice Hall at 201 232 8577.

The average price per sq. ft for condos sold at the Mandalay on the Hudson building so far for this year is $906.

3 of the 6 condos closed this year sold above the average.  Unit #2005 which closed earlier in May sold for $997 a sq. ft, that is $672,000 for 674 sq. ft with 1 bedroom, 1 bath.

In April condo #204 sold at $917 a sq. ft. or $664,000 for 724 sq. ft.    Unit # 2001 fetched $1,042 a sq. ft or $625,000 for 600 sq. ft. back in February.  Both condos had 1 bedroom and 1 bathroom each.

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

Interested in knowing the market value of your Jersey City condo?  Call Janice Hall at 201 232 8577.

$782.41 the average per square foot price for condos in Jersey City downtown is the highest it’s been in at least a decade.  It’s also up by 6% from the 2016 average of $735.52.

In 2008 the average $ per square foot was $513.63.   In 2009 through 2012 the average decreased by almost 19% before climbing back to $518.17 in 2013.  The average $ per sq. ft has consistently increased since then.

If you are interested in knowing the value of your Jersey City downtown condo call Janice Hall at 201 232 8577 or email:  JaniceNJrealtor@gmail.com

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