Friday, September 17, 2010

Slow Sales Week-Downtown Jersey City-September 17, 2010

There was a great 1BR short sale at 88 Morgan for $417/sq.ft. These have sold in excess of $600/sq. ft. at one time.

Downtown 1BR picked up slightly with an increase to $424/sq.ft. which is better than expected in the sluggish market over there.

In the downtown area, there was a great short sale at 149 Essex for $396/sq.ft. I had a deal that fell through over there for $455/sq.

There were only a total of 8 sales in the area this week...still pretty weak.

Please click on the link below if you can't see the chart:

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957

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