hOMES: Weekly Insight Into Hoboken & Jersey City Real Estate Trends | October 20, 2017

Hoboken & Jersey City Real Estate Trends | October 20, 2017

by Ann Wycherley
Broker Associate, Century 21 Innovative Realty

A quick look at this week’s numbers:

HOBOKEN:
Studio/ 1-Bedrooms
New Listings:
8 new listings. The average price is $646,126 the average price per sq/ft is $815.
Sold Properties:
4 properties closed. The average price was $518,000 and the average price per sq/ft was $662.

2-Bedrooms
New Listings:
16 new listings. The average price is $690,937 and the average price per sq/ft is $688.
Sold Properties:
8 properties closed. The average price was $761,187 and the average price per sq/ft was $713.

3-Bedrooms
New Listings:
1 new listing. The price is $875,000 and the price per sq/ft is $698
Sold Properties:
1 property closed. The price was $1,350,000 and the price per sq/ft was $789.

4-Bedrooms
New Listings:
No new listings.
Sold Properties:
1 property closed. The price was $1,952,000 and the price per sq/ft was $756.

Single-Family Homes
2 new three-bedroom homes listed at $1,149,000 and $1,875,000.
Sold Properties:
No sold properties.

DOWNTOWN JERSEY CITY:
Studio/ 1-Bedrooms
New Listings:
7 new listings. The average price is $537,000 and the average price per sq/ft is $667.
Sold Properties:
3 properties closed. The average price was $674,400 the average price per sq/ft was $864.

2-Bedrooms
New Listings:
11 new listings. The average price is $762,172 and the average price per sq/ft is $728.
Sold Properties:
4 properties closed. The average price was $1,181,250 and the average price per sq/ft was $959.

3-Bedrooms
New Listings:
3 new listings. The average price is $1,315,666 and the average price per sq/ft is $875.
Sold Properties:
No new listings.

Single-Family Homes
New Listings:
1 new three-bedroom house listed for $1,150,000.
Sold Properties:
No sold properties.

JERSEY CITY HEIGHTS:
Studio/ 1-Bedrooms
New listings:
2 new listings. The average price is $307,400 and the average price per sq/ft is $478.
Sold Properties:
No sold listings.

2-Bedrooms
New Listings:
2 new listings. The average price is $707,000 and the average price per sq/ft is $534.
Sold Properties:
No sold properties.

3-Bedrooms
New Listings:
4 new listings. The average price is $668,500 and the average price per sq/ft is $437.
Sold Properties:
No sold properties.

4-Bedrooms
New Listings:
1 new listing. The price is $899,000 and the average price per sq/ft is $312.
Sold Properties:
No sold properties.

Single-Family Homes:
New Listings:
2 three-bedrooms listed for $635,000 and $650,000.
Sold Properties:
No sold properties.

JOURNAL SQUARE:
Studio/ 1-Bedrooms
New Listings:
1 new listing. The price is $272,000 and the price per sq/ft is $374.
Sold Properties:
1 property sold. The price was $200,000 and the price per sq/ft was $258.

2-Bedrooms
New Listings:
2 new listings. The average price is $323,966 and the average price per sq/ft is $369.
Sold Properties:
2 sold properties. The average price was $487,500 and the average price per sq/ft was $340.

3-Bedrooms
New Listings:
No new listings.
Sold Properties:
No sold properties.

Single-Family Homes:
New Listings:
1 three-bedroom home listed for $350,000 and 2 four-bedroom homes listed for $422,500 and $598,000.
Sold Properties:
No sold properties this week.

BERGEN-LAFAYETTE:
New Listings:
No new listings.
Sold Properties:
No sold properties this week.

(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:

We’ve seen upward pressure on mortgage rates this week, as there has been a slight sell-off in the bond market. It has become clear that the volatility is due to the uncertainty of who will be the President’s choice to lead the Federal Reserve. Traders and analysts are anxiously waiting for his decision, which is expected any time prior to November 3^rd. Until the announcement is made, expect continued volatility in the bond market. In turn, mortgage rates may be bounce a little. Though, most analysts don’t see them drifting too far out of their current range.

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

ALSO OF INTEREST:

Hoboken House Tour – SUNDAY

Handy Home Hacks for Hiding Your Junk (realtor.com)

Jersey City’s Bodegas Look Out for Each Other (JerseyDigs.com)

*****************
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.