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Keller Williams City Life Realty

Jersey City Condo Market Update October 2009

Exchange Place - 12Below is the Jersey real estate market update for condominium sales for October 2009 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

  • There are 295 Active Jersey City condos for sale with an average listing price of $526,689. Average days on the market: 101 Days

In the past 30 days, 68 new Jersey City condos came on the market for sale with an average listing price of $471,203.

  • Active Downtown Jersey City Studio Condos: 8 condos for sale with an average listing price of $343,862. 139 days on the market.
  • Active Downtown Jersey City 1 Bedroom Condos: 121 condos for sale with an average listing price of $371,334. 96 days on the market.
  • Active Downtown Jersey City 2 Bedroom Condos: 138 condos for sale with an average listing price of $582,581. 103 days on the market.
  • Active Downtown Jersey City 3+ Bedroom Condos: 29 condos for sale with an average listing price of $974,814. 106 days on the market. 

Pending Downtown Jersey City Condos

  • There are 88 Downtown Jersey City condos under contract waiting to close with an average listing price of $415,566.  Average days on the market: 104 Days. Final sales prices of these units will not be published until they close.
  • Pending Downtown Jersey City Studio Condos: 1 condo under contract with a listing price of $349,000. 97 days on the market. It is located at Gulls Cove.
  • Pending Downtown Jersey City 1 Bedroom Condos: 37 condos under contract an average listing price of $326,900. 97 days on the market.
  • Pending Downtown Jersey City 2 Bedroom Condos: 44 condos under contract with an average listing price of $468,068. 109 days on the market.
  • Pending Downtown Jersey City 3+ Bedroom Condos: 6 condos under contract with an average listing price of $589,000. 105 days on the market.

Sold Downtown Jersey City Condos Since 10/1/09

  • 33 Downtown Jersey City condos sold since 10/1/09 with average listing price of $439,890. The average sales price of these sold Downtown Jersey City condos were $417,928. Average days on the market: 101 Days
  • Sold Downtown Jersey City Studio Condos: 0 condos sold.
  • Sold Downtown Jersey City 1 Bedroom Condos: 20 condos sold an average listing price of $385,804 and an averages sales price of $368,817. 89 days on the market.
  • Sold Downtown Jersey City 2 Bedroom Condos: 12 condos sold with an average listing price of $508,366 and an average sales price of 480,856. 122 days on the market.
  • Sold Downtown Jersey City 3+ Bedroom Condos: 1 condo sold with a listing price of $699,900 and a sales price of $645,000. 76 days on the market. It was located at the Shore Club.

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. 30 expired Downtown Jersey City condos came off of the market in the past 30 days with an average listing price of $467,786. Days on the market: 184 Days

Jersey City Waterfront Condo Update

  • Shore Club: 13 Active condos, 4 units under contract, 5 condos sold/closed in past 30 days.
  • A Condominiums: 5 Active condos, 3 units under contract, 3 condos sold/closed in past 30 days
  • Mandalay on the Hudson: 16 Active condos, 2 units under contract, 3 condos sold/closed in past 30 days
  • Gulls Cove: 9 Active condos, 2 units under contract, 1 condo sold/closed in past 30 days
  • Fulton’s Landing: 5 Active condos, 3 units under contract, 1 condo sold/closed in past 30 days
  • James Monroe: 10 Active condos, 1 unit under contract, 2 condos sold/closed in past 30 days
  • Liberty Terrace: 10 Active condos, 1 unit under contract, 0 condos sold/closed in past 30 days
  • Portofino: 12 Active condos, 3 units under contract, 0 condos sold/closed in past 30 days
  • Pier House: 7 Active condos, 2 units under contract, 0 condos sold/closed in past 30 days
  • 700 Grove: 8 Active condos, 1 unit under contract, 1 condo sold/closed in past 30 days
  • Montgomery Greene: 5 Active condos, 1 unit under contract, 0 condos sold/closed in past 30 days
  • Clermont Cove: 1 Active condo, 1 unit under contract, 0 condos sold/closed in past 30 days
  • Liberty Harbor: 9 Active condos, 1 unit under contract, 1 condo sold/closed in past 30 days
  • Sugar House: 2 Active condos, 1 unit under contract, 0 condos sold/closed in past 30 days
  • Waldo Lofts: 5 Active condos, 1 unit under contract, 0 condos sold/closed in past 30 days
  • Zephyr Lofts: 5 Active condos, 0 units under contract, 1 condo sold/closed in past 30 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 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 September 2009 Jersey City condo market update.

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