Janice Hall

Jersey City Real Estate

News

Jersey City market performance as of November this year.

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In the Jersey City downtown area 56 listings out of a total of 227 went under contract, with a market absorption rate of 4 as of November 2024. A market’s performance is determined by its absorption, that is the length of time it takes for a listing to be sold over a specific period of time.

As of November, 25 of a total of 91 listings in Journal Square went under contract. The absorption rate was 3.6.

In Jersey City Heights area the absorption rate was 6.25 this month. So far only 12 listings went under contract of the 75 active listings.

The lowest absorption rate for Jersey City was in West Bergen. Of 45 active listings 24 went under contract, making the market absorption 1.9.

An absorption rate of 7 to 12 is considered a buyer’s market. A rate of 1 to 5, a seller’s market. A rate of 6 is considered a normal market.

To find our more about your specific market area let’s connect. Call Janice Hall at 201.232.8577.

For Sale. Contemporary townhouse in neutral colors, stylish fixtures and access to a riverwalk from your ground floor family room, listed at $609,000.

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23 Maritime Way sits in front of the marina overlooking Newark Bay. This pristine 1800 sq. ft. home offers a first-floor family room and direct access to the riverwalk. Enjoy the luxury of owning a townhouse without having to maintain its surroundings. Hardwood floors, ceramic tiles, and crown molding in spacious 2nd-floor living & dining rooms and kitchen. The large main bedroom has an ensuite bath, jetted tub, shower stall, dual vanity, and adjoining walk-in closet. 2 zone heating/cooling. There is an outdoor pool and parking for guests. The Light Rail is nearby and connects you to the PATH train to NYC. Buses to Jersey City downtown, Port Authority, and Wall St., NYC, are available. Contact Janice Hall 201.232.8577 to tour.

Just listed in Jersey city mixed used, zoned commercial property @ $599,000.

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This is your chance to own a mixed-use investment property on an irregular lot (33x86x25x63) on Old Bergen Rd with similar commercial properties nearby. 2 large apartments and open space on the ground floor, once retail. 3 bedrooms railroad-style in each apartment, one full bath, huge kitchen and limitless potential. Separate utilities except for heat and hot water. The ground floor is massive with extra high ceilings, newer electric all climate heat pump, roll up door and access to the backyard. The basement is unfinished, dry and a walk out to the street and backyard. The oil tank has been removed and paperwork available. Newer fire escape and alarm system, new hot water tank. Buses on the street and Danforth Avenue Light Rail near by. The owner occupies the entire building. The property needs updating, sold “AS IS” 

A split level colonial single family house on a 65 x 100 corner lot in South River NJ just listed @$429,000.

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Nicely maintained split-level colonial on an extra larger corner lot ideal for buyers needing more livable space. The first level features a large living room, dining room, and updated kitchen with ample cabinets and an island to meet, eat, and relax. Three bedrooms and a main bathroom on the second level. The entrance vestibule, home office, powder room and sitting area are on the ground level with access to a fenced backyard. Finished basement with den and playroom. Windows all around filter natural light throughout the house. Call Janice Hall, Weichert Realtors at 201.232.8577 for a tour of his lovely home.

Mandalay on the Hudson, 20 2nd Street, Jersey City downtown market update.

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2 condos sold on the open market at the Mandalay building from January 1 this year to present. During the same period in 2023, 2 condo sales were also recorded.

The average days on the market in 2024 is 66. The average sold price $942,500 representing 0.96% of the average list price of $984,000.

For sales recorded during January 2023 to March 25, 2023, the average sold to list price 0.94%.

Interested in knowing how much your home is worth? Let’s connect @janicehallnjrealtor. Weichert Realtors 201.232.8577 | 201.584.6980.

Condo sales in downtown Jersey City from January to March 2024 increased 25.5% over the same period in 2023.

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74 condos sold January to March 2024. 59 condos sold during the same period in 2023.

In January to March 2023 the average days on the market for condos sold was 37. So far for 2024 the average days on the market is 26. The average sold price in 2023 was $834,110. The average sold price for 2024 is $868,004.

The highest priced paid for a condo in downtown Jersey City from January to present is $1,930,000, for a 3-bedroom, 2.5 bath. During the same period last year the highest price paid was $1, 550,000.

Let’s connect if you are considering investing in real estate in downtown Jersey City. Janice Hall, Weichert Realtors 201.232.8577 | 201.584.6980.

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Janice Hall

Sales Associate

  • Cell: (201) 232-8577
  • Office: (201) 333 4444
  • Email

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