hOMES: Weekly Insight Into Jersey City & Hoboken Real Estate Trends | January 18, 2019

Jersey City & Hoboken Real Estate Trends | January 18, 2019
by Ann Wycherley
Broker Associate, Century 21 Innovative Realty

Here’s a look at what’s currently available in our areas:

HOBOKEN:
Studio/ 1-Bedrooms
New Listings:
6 new listings. The average price is $573,000 and the average price per sq/ft is $801.
Sold Properties:
3 properties closed. The average price was $466,355 and the price per sq/ft was $542.

2-Bedrooms
New Listings:
19 new listings. The average price is $777,736 and the average price per sq/ft is $732.
Sold Properties:
6 properties closed. The average price was $746,275 and the average price per sq/ft was $718.

3-Bedrooms
New Listings:
3 new listings. The average price is $2,064,666 and the average price per sq/ft is $1055.
Sold Properties:
No sold properties.

4-Bedrooms
New Listings:
1 new listing. The average price is $2,499,000 and the price per sq/ft is $690.
Sold Properties:
2 properties closed. The average price was $1,965,000 and the average price per sq/ft was $786.

Single-Family Homes
New Listings:
1 new three-bedroom listed for $1,984,000 a four-bedroom home listed for $4,950,000 and a five-bedroom home listed for $2,795,000.
Sold Listings:
No sold properties.

DOWNTOWN JERSEY CITY:
Studio/ 1-Bedrooms
New Listings:
23 new listings. The average price is $743,821 and the average price per sq/ft is $886.
Sold Properties:
4 properties closed. The average price was $569,250 and the average price per sq/ft was $800.

2-Bedrooms
New Listings:
16 new listings. The average price is $1,145,610 and the average price per sq/ft is $970.
Sold Properties:
3 properties closed. The average price was $879,166 and the average price per sq/ft was $692.

3-Bedrooms
New Listings:
2 new listings. The average price is $1,145,610 and the average price per sq/ft is $783.
Sold Properties:
1 property closed. The price was $1,450,000 and the price per sq/ft was $783.

Single-Family Homes
New Listings:
Two new three-bedroom home listed for $898,000 and $1,325,000.
Sold Listings:
No sold properties.

JERSEY CITY HEIGHTS:
Studio/ 1-Bedrooms
New listings:
1 new listing. The price is $425,000 and the price per sq/ft is $419.
Sold Properties:
No sold properties.

2-Bedrooms
New Listings:
1 new listing. The price is $549,000 and the average price per sq/ft is $305.
Sold Properties:
No sold properties.

3-Bedrooms
New Listings:
1 new listings. The price is $615,000 and the price per sq/ft is $265.
Sold Properties:
3 sold properties. The average price was $685,000 and the average price per sq/ft was $551.

Single-Family Homes:
New Listings:
Two two-bedroom homes listed for $530,000 and $699,000 and one four-bedroom listed for $449,000.
Sold Properties:
No sold listings.

JOURNAL SQUARE:
Studio/ 1-Bedrooms
New Listings:
2 new listing. The price is $236,950 and the price per sq/ft is $423.
Sold Properties:
2 sold properties. The average price was $337,500 and the average price per sq/ft was $359.

2-Bedrooms
New Listings:
6 new listings. The average price is $462,998 and the price per sq/ft is $421.
Sold properties:
2 sold listings. The average price was $360,500 and the average price per sq/ft was $299.

3-Bedrooms
New Listings:
1 new listing. The price is $329,000 and the price per sq/ft is $346.
Sold Properties:
1 sold properties. The average price was $725,000 and the average price per sq/ft was $361.

Single-Family Homes:
New Listings:
One new three-bedroom home listed for $624.999 and one new four-bedroom home listed for $425,000.
Sold Properties:
No sold properties.

BERGEN-LAFAYETTE:
New Listings:
One 2 bedroom home listed for $270,000 a four- bedroom home listed for $729,000 and a six-bedroom listed for $350,000.
Sold Properties:
One four-bedroom sold for $500,000.

(Information provided by Hudson County MLS)

 

CLICK HERE to learn more about these and other properties…
CLICK HERE to find out how much your property is worth in today’s market…

Mortgage Market in Review:

Mortgage activity has been recovering sharply at the beginning of 2019, after ending last year at a very low activity level. The slow and gradual decline in mortgage rates over the past two months has given a surge to the refinance market. Still, it is also important to note that a jump in mortgage rates last January caused mortgage demand to drop, so the annual comparisons are now off a lower volume. From a historical perspective, refinance volume is still low.   Purchase volume over the past week was 11 percent higher than a year ago. Buyers may be jumping in before the start of the usually competitive spring season. They may also be eager to take advantage of the dip in mortgage rates.

CLICK HERE for a more detailed analysis from local mortgage broker Michael Mundy.

ALSO OF INTEREST:
Hoboken Plastic Bag Ban Begins January 22

What NOT to Do When Buying a Home (apartmenttherapy.com)

Development Plans Unveiled Along Hoboken / Jersey City Border (JerseyDigs.com)

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Ann Wycherley is an award-winning realtor with over 15 years of solid real estate experience in the Hoboken and Jersey City market.

She has been recognized by the New Jersey Realtors Circle of Excellence for many years, having earned the Gold Level of Excellence 2015-2017, meanwhile awarded Lifetime Membership in the New Jersey Association of Realtors Distinguished Sales Club.

Other accolades include the coveted Centurion Award for the past five years running (2012-2016), which represents the premium level of achievement within the Century 21 organization.