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Keller Williams City Life Realty

Jersey City Condo Market Update August 2009

77 Hudson

The Condos at 77 Hudson

With Summer almost behind us, 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 326 Active downtown Jersey City condos for sale. The average listing price is $511,145 spending an average of 109 days on the market. Since August 1, 2009, 64 condos in downtown Jersey City came on the market for sale. The average listing price of these new listings is $438,428.

Pending Downtown Jersey City Condos

  • There are 87 downtown Jersey City condos currently under contract waiting to close. The average listing price of these under contract properties is $408,900 spending an average of 97 days on the market. ***Please note: We will not know what they downtown Jersey City condos sold for until they actually close. Only then will sales prices be published.

Sold Downtown Jersey City Condos

  • Since August 1, 2009, 35 Downtown Jersey City condos sold with an average listing price of $463,762. The average sales price was $443,181 spending an average of 101 days on the market.

Expired Downtown Jersey City Condos

  • These are downtown Jersey City condos listed for sale with a Realtor and did not selling during the term of the listing agreement. There were a total of 45 expired downtown Jersey City condos in the past 30 days. The average listing price was $598,451 spending an average of 169 days on the market.

Downtown Jersey City Waterfront Market Update

  • Shore Club: 16 Active condos, 5 units under contract, 3 condos closed since August 1.
  • A Condominiums: 6 Active condos, 3 units under contract, 1 condo closed since August 1.
  • Mandalay on the Hudson: 14 Active condos, 2 units under contract, 1 condo closed since August 1.
  • Gulls Cove: 8 Active condos, 2 units under contract, 1 condo closed since August 1.
  • Fulton’s Landing: 5 Active condos, 5 units under contract, 1 condo closed since August 1.
  • James Monroe: 14 Active condos, 0 units under contract, 2 condos closed since August 1.
  • Liberty Terrace: 4 Active condos, 1 unit under contract, 0 condos closed since August 1.
  • Portofino: 9 Active condos, 3 units under contract, 4 condos closed since August 1.
  • Pier House: 8 Active condos, 1 unit under contract, 0 condos closed since August 1.
  • 700 Grove: 7 Active condos, 2 units under contract, 2 condos closed since August 1.
  • Montgomery Greene: 8 Active condos, 1 unit under contract, 0 condos closed since August 1.
  • Clermont Cove: 4 Active condos, 1 unit under contract, 0 condos closed since August 1.
  • Liberty Harbor: 7 Active condos, 1 unit under contract, 0 condos closed since August 1.
  • Sugar House: 2 Active condos, 0 units under contract, 1 condo closed since August 1.

****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.

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

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

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