Friday, May 18, 2012

Strong Week for Downtown Jersey City-Jersey City Sales Update-May 18, 2012

There were 12 sales in the downtown area this week.

Both units at 88 Morgan sold for an average of $477/sq.ft. and they weren't short sales.  I think buyers have realized that these properties aren't going to sell in the $750/sq.ft. range there were selling in just a few years ago.

There was a lot of activity again this week in the 2 bedroom market in the downtown area.  An average sales price of $421/sq.ft. is very good for this market.

There was another 3 bedroom sale again this week in the downtown area that sold for $331/sq.ft. 
Please click on the link below if you can't view 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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