hOMES: Weekly Insight Into Hoboken & Jersey City Real Estate Trends | February 2, 2018

Hoboken & Jersey City Real Estate Trends | February 2, 2018

by Ann Wycherley
Broker Associate, Century 21 Innovative Realty

It’s the little things in life that make the difference, such as my husband knowing how I take my coffee or my older son still giving me unsolicited hugs.

When getting ready to put your home on the market the little things are important.

A fresh coat of paint makes a world of difference. Take a look at the door handles and outlet covers, do they look outdated? Get some new throw pillows to brighten up a space.

Simple, quick fixes to help make your home more appealing to potential buyers with low out of pocket expenses.

Here’s a look at this week’s numbers:

HOBOKEN:
Studio/ 1-Bedrooms
New Listings:
8 new listings. The average price is $576,624 the average price per sq/ft is $816.
Sold Properties:
4 properties closed. The average price was $476,500 and the average price per sq/ft was $697.

2-Bedrooms
New Listings:
10 new listings. The average price is $960,500 and the average price per sq/ft is $795.
Sold Properties:
3 properties closed. The average price was $740,666 and the average price per sq/ft was $728.

3-Bedrooms
New Listings:
3 new listings. The average price is $1,666,333 and the average price per sq/ft is $802.
Sold Properties:
3 properties closed. The average price was $1,526,333 and the average price per sq/ft was $950.

Single-Family Homes
2 new single family homes listed. One four-bedroom home for $2,495,000 and one five -bedroom for $3,000,000.

Sold Listings:
One three-bedroom closed for $711,240 and two five-bedrooms closed for $1,849,000 and $2,995,000.

DOWNTOWN JERSEY CITY:
Studio/ 1-Bedrooms
New Listings:
3 new listings. The average price is $1,693,000 and the average price per sq/ft is $81,165.
Sold Properties:
7 properties closed. The average price was $688,928 the average price per sq/ft was $823.

2-Bedrooms
New Listings:
9 new listings. The average price is $1,021,544 and the average price per sq/ft is $943.
Sold Properties:
2 properties closed. The average price was $1,437,000 and the average price per sq/ft was $1,046.

3-Bedrooms
New Listings:
1 new listing. The price is $1,249,000 and the price per sq/ft is $892.
Sold Properties:
No sold properties.

Single-Family Homes
New Listings:
One new five- bedroom home listed for $2,695,000.
Sold Listings:
One five-bedroom home sold for $1,560,000

JERSEY CITY HEIGHTS:
Studio/ 1-Bedrooms
New listings:
1 new listing. The price is $212,500 and the average price per sq/ft is $322.
Sold Properties:
1 sold listings. The price was $260,000 and the price per sq/ft was $431.

2-Bedrooms
New Listings:
4 new listings. The average price is $648,000 and the average price per sq/ft is $390.
Sold Properties:
1 sold listing. The price was $739,000 and the average price per sq/ft is $315.

3-Bedrooms
New Listings:
4 new listings. The average price is $660,725 and the average price per sq/ft is $315.
Sold Properties:
1 sold properties. The price was $568,000 and the average price per sq/ft was $397.

Single-Family Homes:
New Listings:
One three-bedroom home listed for $399,000.
Sold Properties:
No sold listings.

JOURNAL SQUARE:
Studio/ 1-Bedrooms
New Listings:
1 new listing. The price is $262,300 and the price per sq/ft is $307.
Sold Properties:
No sold listings.

2-Bedrooms
New Listings:
1 new listing. The price is $329,000 and the price per sq/ft is $274.
Sold properties:
No sold listings.

3-Bedrooms
New Listings:
1 new listing. The price is $399,000 and the price per sq/ft is $284.
Sold Properties:
No sold listings.

Single-Family Homes:
New Listings:
2 new listings. A 4 four-bedroom home for $500,000 and one five-bedroom home for $619,000.
Sold Properties:
One three-bedroom closed for $215,000.

BERGEN-LAFAYETTE:
New Listings:
Two two-bedroom homes listed for $149,9000 and $289,000. One three-bedroom home listed for $249,999 and one five-bedroom home listed for $619,000.
Sold Properties:
One two-bedroom home closed for $270,000.

(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:

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a tightening labor market and strengthening economy at the start of the year. This has led to the benchmark 10-year Treasury yields to extend their ascent on Thursday, carving out a fresh three-year high a day after the Federal Reserve hinted that a rate increase as soon as its next meeting, in March, was likely. This has continued the upward pressure on mortgage rates that we have seen over the past few weeks.

Once momentum gets going on one direction, it is difficult to stop. Analysts are waiting to see where the 10-year Treasury and mortgage rates stabilize.

 

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

ALSO OF INTEREST:
Hoboken Completes Survey on Union Dry Dock (City of Hoboken)

Remodeling 376 Square Feet (ApartmentTherapy.com)

Hoboken Family Alliance to Host All-Schools 6th Grade Dance

*****************
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 for 2015 and 2016, 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.