Friday, April 29, 2011

Downtown Jersey City Sales Update-----April 29, 2011

We had 10 sales in downtown Jersey City this week-another very solid week.

1BR sales in the Newport area averaged $458/sq.ft. this week. Not bad, but a little off of the highs that we've seen over the last few weeks.

There was another weak 2BR/2BA sale at 443 2nd Street (Crescent Court). They're very nice units but this one just closed at $353/sq.ft. As per the developer, these units are selling at a loss.

1BR in the downtown area continue to do well with an average sales price of $435/sq.ft. It's nice to see these prices starting to rise because there are some great properties in the downtown area that are often overlooked.

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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