Activity has started to pick up now that the final taxes have been released for downtown Jersey City. Transactions were up 24.39% for May and properties under contract were up 23.66%.
Pricing was up for Newport area with 1BR and 2BR up 20.83% and 23.62%, respectively.
The downtown Jersey City area also performed well with 1BR up .72%, and 2BR up 8.89%. 3BR were down 7.35%, but that was just based on a few sales.
Hoboken performed well this month as well, with total sales up 14.29%.
1BR and 2BR were up 6.89% and 5.10% respectively, while 3BR slipped 27%, but that was based on a sky-high 3BR per square foot average for April.
Kevin G. Dowd
Broker/Salesperson
The Turoff Team
Keller Williams City Life Realty
100 Washington Street
Hoboken, New Jersey 07030
Mobile: 201-606-5957 | Office: 201-659-8600 x408
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