Friday, January 6, 2012

2012 Starts Off Slowly for Downtown Jersey City-Downtown Jersey City Sales Update-January 6, 2012

A slow week for downtown Jersey City.  Many buyers rush to closed in 2011 for tax purposes.

There was a very low 1BR sale at $429/sq.ft. at 88 Morgan.  It was a short sale and unfortunately, prices have dropped so severely in the building that it will take many buyers years to recoup their investment.

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

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

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