Tuesday, June 5, 2018

Jersey City Improves for May-Back on Track-May 2018 Real Estate Update

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
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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