Jersey City Condo Market Update December 2009

700 Grove - 10

The Condos at 700 Grove

Below is the Jersey real estate market update for condominium sales for December 2009 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

  • There are 293 Active Jersey City condos for sale with an average listing price of $513,629. Average days on the market: 90 Days

Since December 1st, 93 new Jersey City condos came on the market for sale with an average listing price of $489,325.

  • Active Downtown Jersey City Studio Condos: 13 condos for sale with an average listing price of $306,207. 96 days on the market.
  • Active Downtown Jersey City 1 Bedroom Condos: 117 condos for sale with an average listing price of $389,900. 91 days on the market.
  • Active Downtown Jersey City 2 Bedroom Condos: 135 condos for sale with an average listing price of $550,254. 86 days on the market.
  • Active Downtown Jersey City 3+ Bedroom Condos: 25 condos for sale with an average listing price of $844,520. 102 days on the market.

Pending Downtown Jersey City Condos

  • There are 80 Downtown Jersey City condos under contract waiting to close with an average listing price of $420,439 Average days on the market: 126 Days. Final sales prices of these units will not be published until they close.
  • Pending Downtown Jersey City Studio Condos: Currently there are no studios under contract.
  • Pending Downtown Jersey City 1 Bedroom Condos: 36 condos under contract an average listing price of $315,403. 120 days on the market.
  • Pending Downtown Jersey City 2 Bedroom Condos: 38 condos under contract with an average listing price of $476,384. 132 days on the market.
  • Pending Downtown Jersey City 3+ Bedroom Condos: 6 condos under contract with an average listing price of $696,333. 120 days on the market.

Sold Downtown Jersey City Condos 12/1/09 to 12/31/09

  • 32 Downtown Jersey City condos sold between 12/1/09 & 12/31/09 with average listing price of $464,249. The average sales price of these sold Downtown Jersey City condos were $436,035. Average days on the market: 95 Days
  • Sold Downtown Jersey City Studio Condos: No studios sold in December 2009.
  • Sold Downtown Jersey City 1 Bedroom Condos: 14 condos sold an average listing price of $328,220 and an averages sales price of $306,903. 92 days on the market.
  • Sold Downtown Jersey City 2 Bedroom Condos: 12 condos sold with an average listing price of $440,658 and an average sales price of $423,041. 79 days on the market.
  • Sold Downtown Jersey City 3+ Bedroom Condos: 6 condos sold with an average listing price of $799,833 and an average sales price of $763,333. 159 days on the market.

Expired Downtown Jersey City Condos

  • These are Downtown Jersey City condos which were on the market for sale and did not sell during the term of the listing agreement. 41 expired Downtown Jersey City condos came off of the market in the past 30 days with an average listing price of $564,502. Days on the market: 196 Days

Jersey City Waterfront Condo Update

  • Shore Club: 12 Active condos, 3 units under contract, 2 condos sold since 12/1/09.
  • A Condominiums: 5 Active condos, 0 units under contract, 1 condos sold since 12/1/09.
  • Mandalay on the Hudson: 13 Active condos, 3 units under contract, 1 condo sold since 12/1/09.
  • Gulls Cove: 10 Active condos, 0 units under contract, 1 condo sold since 12/1/09.
  • Fulton’s Landing: 2 Active condos, 6 units under contract, 0 condos sold since 12/1/09.
  • James Monroe: 8 Active condos, 1 unit under contract, 2 condos sold since 12/1/09.
  • Liberty Terrace: 10 Active condos, 1 unit under contract, 1 condo sold since 12/1/09.
  • Liberty Harbor: 7 Active condos, 0 units under contract, 1 condo sold since 12/1/09.
  • Portofino: 11 Active condos, 2 units under contract, 0 condos sold since 12/1/09.
  • Pier House: 2 Active condos, 3 units under contract, 2 condos sold since 12/1/09.
  • 700 Grove: 12 Active condos, 0 units under contract, 0 condos sold since 12/1/09.
  • Montgomery Greene: 6 Active condos, 0 units under contract, 0 condos sold since 12/1/09.
  • Clermont Cove: 1 Active condo, 1 unit under contract, 0 condos sold since 12/1/09.
  • Sugar House: 1 Active condo, 0 units under contract, 1 condos sold since 12/1/09.
  • Waldo Lofts: 4 Active condos, 1 unit under contract, 1 condo sold since 12/1/09.
  • Zephyr Lofts: 5 Active condos, 0 units under contract, 0 condos sold since 12/1/09.

****The above data may not reflect all of the units that may be available or that have sold in downtown Jersey City. Inside sales offices in new construction downtown Jersey City condo buildings like Gulls Cove, Trump Plaza, Crystal Point, and 77 Hudson do not list and report all of their sales through the Hudson County MLS.

If you have questions about a certain downtown Jersey City Condo buildings that are not on this list, feel free to contact me, Walter Burns or leave a comment. I will get back to you with the information.

To see how this month’s Jersey City condo market update compares to last month’s, please visit the November 2009 Jersey City condo market update.

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