Friday, April 22, 2011

Great Sales Week!-Downtown Jersey City Sales Update-April 22, 2011

We had 11 sales in downtown Jersey City this week-very solid week.

1BR in Newport this week only averaged $402/sq.ft. The average was brought down by 45River Drive South. This is an older building and usually sells low. Many owners hold onto these properties as rentals so they don't come on the market too often.

There was a 2BR at 700 Grove that sold for over $400/sq.ft. (sold at $407/sq.ft.). The last few units here have sold under $400/sq.ft. so this is a nice change.

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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