Tuesday, January 3, 2012

Downtown Jersey City Sales Update-December 30, 2011

There were 13 sales this week in the downtown area as buyers rushed to close deals for the end of the year.

There was a one bedroom at 20 2nd Street (The Mandalay) that closed at $548/sq.ft. which is slightly lower than the $566/sq.ft. a listing of mine sold for in March, 2011.

One bedroom condos in the downtown area averaged $460/sq.ft. even with a $194/sq.ft. short sale at 205 10th Street.

There were no two bedroom sales in the Newport area this week.  Prices will need to increase before most buyers decide to sell.

Two bedroom sales in the downtown area averaged a decent $420/sq.ft. with two properties selling for more than $450/sq.ft.

A nice push for the end of the year.

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
Email: info@hobokenjerseycity.com

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