Friday, March 18, 2011

Downtown Jersey City Doing Well-Downtown Jersey City Sales Update-March 18, 2011

We had three 1BR sales in the downtown area that averaged a respectable $375/sq.ft. this week.

There was a 2BR sale in the Newport area at 700 Grove that only sold at $385/sq.ft. Units have been selling very low over there over the last 12 months.

We also had a downtown 2BR sale at 130 Coles for $396/sq.ft. and a 3BR sale at 25 Hudson for a lowish $535/sq.ft.

Overall, the market performed well last week.

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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