Jersey City Condo Market Update July 2010

77 Hudson Condominiums Jersey City NJ

Below is the Jersey real estate market update for condominium sales for July 2010 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

  • There are 355 Active Jersey City condos for sale with an average listing price of $520,086. Average days on the market: 103 Days

Since July 1st, 99 new Jersey City condos came on the market for sale with an average listing price of $523,447.

  • Active Downtown Jersey City Studio Condos: 13 condos for sale with an average listing price of $323,369. 95 days on the market.
  • Active Downtown Jersey City 1 Bedroom Condos: 143 condos for sale with an average listing price of $368,050. 108 days on the market.
  • Active Downtown Jersey City 2 Bedroom Condos: 159 condos for sale with an average listing price of $570,973. 98 days on the market.
  • Active Downtown Jersey City 3+ Bedroom Condos: 40 condos for sale with an average listing price of $925,273. 105 days on the market.

Pending Downtown Jersey City Condos

  • There are 78 Downtown Jersey City condos under contract waiting to close with an average listing price of $428,263 Average days on the market: 95 Days. Final sales prices of these units will not be published until they close.
  • Pending Downtown Jersey City Studio Condos: 2 condos under contract with an average listing price of $74,000. 87 days on the market.
  • Pending Downtown Jersey City 1 Bedroom Condos: 28 condos under contract an average listing price of $318,564. 90 days on the market.
  • Pending Downtown Jersey City 2 Bedroom Condos: 43 condos under contract with an average listing price of $492,181. 102 days on the market.
  • Pending Downtown Jersey City 3+ Bedroom Condos: 5 condos under contract with an average listing price of $554,580. 62 days on the market.

Sold Downtown Jersey City Condos 7/1/10 to 7/31/10

  • 30 Downtown Jersey City condos sold between 7/1/10 & 7/31/10 with average listing price of $589,761. The average sales price of these sold Downtown Jersey City condos were $556,107. Average days on the market: 82 Days
  • Sold Downtown Jersey City Studio Condos: No studios sold in July.
  • Sold Downtown Jersey City 1 Bedroom Condos: 6 condos sold an average listing price of $333,466 and an averages sales price of $314,341. 92 days on the market.
  • Sold Downtown Jersey City 2 Bedroom Condos: 20 condos sold with an average listing price of $615,752 and an average sales price of $582,909. 82 days on the market.
  • Sold Downtown Jersey City 3+ Bedroom Condos: 4 condos sold with an average listing price of $844,250 and an average sales price of $784,750. 65 days on the market.

Jersey City Waterfront Condo Update

Sold units since 7/1/10

  • Shore Club: 15 Active condos, 4 units under contract, 5 condos sold.
  • A Condominiums: 16 Active condos, 1 unit under contract, 3 condos sold.
  • Mandalay on the Hudson: 10 Active condos, 4 units under contract, 4 condos sold.
  • Gulls Cove: 11 Active condos, 2 units under contract, 1 condo sold.
  • Fulton’s Landing: 4 Active condos, 4 units under contract, 2 condos sold.
  • James Monroe: 16 Active condos, 0 units under contract, 0 condos sold.
  • Liberty Terrace: 8 Active condos, 1 unit under contract, 0 condos sold.
  • Liberty Harbor: 4 Active condos, 0 units under contract, 1 condo sold.
  • Portofino: 4 Active condos, 4 units under contract, 1 condo sold.
  • Pier House: 3 Active condos, 2 units under contract, 0 condos sold.
  • 700 Grove: 12 Active condos, 3 units under contract, 3 condos sold.
  • Montgomery Greene: 3 Active condos, 2 units under contract, 1 condo sold.
  • Clermont Cove: 3 Active condo, 1 unit under contract, 1 condo sold.
  • Sugar House: 3 Active condos, 0 units under contract, 0 condos sold.
  • Waldo Lofts: 5 Active condos, 2 units under contract, 1 condo sold.
  • Zephyr Lofts: 6 Active condos, 1 unit under contract, 0 condos sold.

****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.

To see how this market update compares to last month’s, please visit the June 2010 Jersey City condo sales report.

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.

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