hOMES: Weekly Insight Into Hoboken, Jersey City, & Weehawken Real Estate Trends | December 6, 2019

Hoboken, Jersey City, & Weehawken Real Estate Trends | December 6, 2019
by Ann Wycherley
Broker Associate, Century 21 Innovative Realty

Peak holiday shopping season is underway, while real estate remains vibrant in our area.

If you’re in the market, keep your eyes open for that perfect, Miracle on 34th Street home.

It’s out there…

Here are this week’s numbers:

HOBOKEN:
Studio/ 1-Bedrooms
New Listings:
4 new listings. The average price is $514,500 and the average price per sq/ft is $728.
Sold Properties:
5 properties closed. The average price was $528,800 and the average price per sq/ft was $698.

2-Bedrooms
New Listings:
9 new listings. The average price is $848,877 and the average price per sq/ft is $713.
Sold Properties:
4 properties closed. The average price was $649,500 and the average price per sq/ft was $616.

3-Bedrooms
New Listings:
1 new listing. The price is $2,690,000 and the price per sq/ft is $1,359.
Sold Properties:
1 sold property. The price was $795,000 and the price per sq/ft is $592.

Single-Family Homes
New Listings:
No new listings.
Sold Listings:
One two-bedroom home sold for $860,000.

DOWNTOWN JERSEY CITY:
Studio/ 1-Bedrooms
New Listings:
8 new listings. The average price is $588,932 and the average price per sq/ft is $766.
Sold Properties:
4 sold properties. The average price was $516,000 and the average price per sq/ft was $610.

2-Bedrooms
New Listings:
8 new listings. The average price is $786,712 and the average price per sq/ft is $748.
Sold Properties:
1 sold property. The price was $899,000 and the price per sq/ft was $719.

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

Single-Family Homes
New Listings:
No new listings.
Sold Listings:
No sold properties.

JERSEY CITY HEIGHTS:
Studio/ 1-Bedrooms
New listings:
No new listings.
Sold Properties:
No sold properties.

2-Bedrooms
New Listings:
2 new listings. The average price is $504,750 and the average price per sq/ft is $512.
Sold Properties:
1 sold property. The price was $615,000 and the price per sq/ft was $471.

3-Bedrooms
New Listings:
4 new listings. The average price is $659,250 and the average price per sq/ft is $487.
Sold Properties:
6 sold properties. The average price was $682,000 and the average price per sq/ft was $472.

Single-Family Homes:
New Listings:
One two-bedroom home listed for $465,000 and three-bedroom home listed for $649,000.
Sold Properties:
No sold properites.

JOURNAL SQUARE:
Studio/ 1-Bedrooms
New Listings:
2 new listings. The average price is $189,000 and the average price per sq/ft is $339.
Sold Properties:
No sold properties.

2-Bedrooms
New Listings:
3 new listings. The average price is $359,000 and the average price per sq/ft is $368.
Sold properties:
No sold properties.

3-Bedrooms
New Listings:
1 new listing. The price is $477,777 and the price per sq/ft is $238.
Sold Properties:
No sold properties..

Single-Family Homes:
New Listings:
One new five-bedroom home listed for $509,000.
Sold Properties:
No sold properties.

BERGEN-LAFAYETTE:
New Listings:
One two-bedroom home listed for $280,000 and a five-bedroom home listed for $499,000.
Sold Properties:
No sold properties.

WEEHAWKEN:
Studio/ 1-Bedrooms
New Listings:
1 new listing. The price is $599,000 and the price per sq/ft is $667.
Sold Properties:
No sold properties.

2-Bedrooms
New Listings:
1 new listing. The price is $215,000 and the price per sq/ft is $245.
Sold properties:
2 sold properties. The average price was $974,999 and the average price per sq/ft was $603.

3-Bedrooms
New Listings:
1 new listing. Theprice is $1,380,000 and the price per sq/ft is $889.
Sold Properties:
3 sold properties. The average price was $1,252,000 and the average price per sq/ft was $714.

Single-Family Homes:
New Listings:
No new properties.
Sold Properties:
No sold properties.

(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 combination of a holiday week and a stagnant mortgage rate environment impacted the mortgage market last week. Mortgage application volume decreased 9.2% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Mortgage rates started this week higher but fell abruptly Tuesday after President Donald Trump suggested a trade deal with China was no longer imminent. If rates remain low throughout the week, refinance volume will likely recover and move higher again. This is not exactly the busy season for buying, but home shoppers will benefit from low mortgages, should they stay down.

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

ALSO OF INTEREST:

Hoboken Gets $700K in Grants for Road Work

Jersey City Heights, An Urban Enclave (JerseyDigs.com)

Christmas Trees for Small Spaces (apartment therapy)

*****************
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 2015-2018, meanwhile awarded Lifetime Membership in the New Jersey Association of Realtors Distinguished Sales Club.

Other accolades include the coveted Centurion Award for the past seven years running (2012-2018), which represents the premium level of achievement within the Century 21 organization.