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Keller Williams City Life Realty

Jersey City Condo Market Update July 2009

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Portofino Condos

With August right around the corner, here is the Jersey City condo market update for condos for sale in downtown Jersey City. Data is compiled from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

Currently there are 372 Active downtown Jersey City condos for sale. The average listing price is $538,138.  Average days on the market: 103 days

Pending Downtown Jersey City Condos

82 downtown Jersey City condos are currently under contract. The average listing price of a pending property is $446,049.  ****Please note: we will not know what these pending properties are in contract for until they actually close the sales prices are published. Average days on the market for a Pending downtown Jersey City condo: 106 days

Sold Downtown Jersey City Condos in Past 30 Days

Since June 29th, 29 downtown Jersey City condos have sold. The average listing price was $459,436. The average sales price was $433,043.  Average days on the market for a sold downtown Jersey City condo84 days.

Expired Downtown Jersey City Condos

These are downtown Jersey City condos listed for sale with a Realtor and did not sell during the listing agreement period.  There were a total of 74 downtown Jersey City expired condos. The average asking price was $550,555 with an average days on market of 107 days.

****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 Trump Plaza, Crystal Point and 77 Hudson do not list and report all of their sales through the Hudson County MLS.

If you have any questions about this market update, please feel free to contact me.

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