hOMES: Weekly Insight Into Hoboken & Jersey City Real Estate Trends | February 26, 2021

Hoboken & Jersey City Real Estate Trends
February 26, 2021
by Ann Wycherley
Broker Associate, Brown Harris Stevens

If you are thinking of listing your property for sale in the near future I am sure you are working on getting your place “show ready”—but if you own a condo, make sure you don’t forget to also look at the common spaces.

In real estate, we talk a lot about “curb appeal.” If you live in a condo building, the curb appeal applies to the common hallways and entryway. A shoddy looking hallway with worn carpets and dinged up walls will detract from your home. The buyers may feel that the association is low in funds or that the other owners don’t care about the building if the common areas are in poor shape. A clean, bright entryway with well lit hallways provides a welcome start to the home viewing process.

If you are planning on selling soon, take a look at all the common areas. Any repairs or improvements will need the approval of the condo association—which may take time to get—so this should be one of your first steps in readying your home.

Here’s a look at what just listed and sold this week in our areas:

Hoboken:
Studio /1-Bedrooms
New Listings:
7 new listings. The average price is $483,857 and the average price per sq/ft is $761.
Sold Listings:
4 properties closed. The average price was $464,750, the average price per sq/ft was $782 and the average days on market was 31.

2-Bedrooms:
New Listings:
15 new listings. The average price is $808,466 and the average price per sq/ft is 731.
Sold Listings:
4 properties closed. The average price was $688,500, the average price per sq/ft was $651 and the average days on market was 34.

3-Bedrooms:
New Listings:
5 new listings.The average price is $1,394,600 and the average price per sq/ft is $735.
Sold Listings:
3 properties closed. The average price was $1,183,333, the average price per sq/ft was $623 and the average days on market was 54.

Single-Family Homes:
New Listings:
2 new listings. 1 three-bedroom home listed for $1,125,000 and 1 six-bedroom home listed for $4,750,000.
Sold Listings:
No sold properties.

Downtown Jersey City:
Studio /1-Bedrooms
New Listings:
9 new listings. The average price is $590,684 and the average price per sq/ft is $820.
Sold Listings:
3 properties closed. The average sold price was $396,333, the average price per sq/ft was $663 and the average days on market was 15.

2-Bedrooms:
New Listings:
12 new listings. The average price is $1,019,657 and the average price per sq/ft is $807.
Sold Listings:
6 properties closed. The average sold price was $953,416, the average price per sq/ft was $736 and the average days on market was 80.

3-Bedrooms:
New Listings:
1 new listing. The price is $1,525,000 and the price per sq/ft is $852.
Sold Listings: 
No sold properties.

Single-Family Homes:
New Listings:
1 three-bedroom home listed for $625,000
Sold Listings:
1 three-bedroom home sold for $810,000.

Jersey City Heights:
Studio /1-Bedrooms
New Listings:
2 new listings .The average price is $282,500 and the average price per sq/ft is $491.
Sold Listings:
1 sold property. The price was $239,000, the price per sq/ft was $422 and the average days on market was 14.

2-Bedrooms:
New Listings:
5 new listings.The average price is $480,779 and the average price per sq/ft is $533.
Sold Listings:
1 property closed. The price was $329,000, the price per sq/ft was $438 and the average days on market was 70.

3-Bedrooms:
New Listings:
4 new listings.The average price is $728,249 and the average price per sq/ft is $544.
Sold Listings:
1 property closed. The price was $749,000, the average price per sq/ft was $534 and the average days on market was 36.

Single-Family Homes:
New listings:
1 four-bedroom homes listed for $755,000
Sold listings:
1 two-bedroom home sold for $755,000

CLICK ON THE LINKS BELOW TO SEE THIS WEEK’S NEW LISTINGS:

HOBOKEN | DOWNTOWN JERSEY CITY | JERSEY CITY HEIGHTS

(Information provided by Hudson County MLS)

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Prudential Center to Partner on $72M Renovation of Loew’s Theatre in Jersey City

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As an award-winning agent, Ann Wycherley brings nearly 20 years of solid real estate experience in the Hudson County market. She has been recognized by the New Jersey Circle of Excellence for many of those years and recently earned a Lifetime Membership in the New Jersey Association of Realtors Distinguished Sales Club. Direct and thorough, Ann’s straightforward approach to navigating the complexities of real estate in Hudson County has fostered strong working relationships with repeat clients and countless referrals from those who are looking to get the most out of buying or selling their home.

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