Jersey City new listings and sales

Eleven condos in the Jersey City downtown area came on the market for week ending October 19, while 19 condos have accepted offers during the same week and are now officially off the market.  Of the new downtown listings to hit the market 2 condos are in the 77 Hudson building and 1 in the “A” at 389 Washington Street.    8 of the 11 new condo listings are under $500,000.  Of the 19 Jersey City downtown condos with accepted offers, 3 got under contract within the first 7 days, and another 3 within the first 2 weeks.  A total of 13 of the 19 new listings or 68.4% got under contract within 30 days of being listed.  This means that buyers confidence in the market continues to be strong and there are more buyers than new listings.  Thinking of selling?   This is a great time to list your Jersey City condo.  List at current market value and you can expect to receive multiple offers.  If you need help in determining what is the current market value of your condo call me at 201 232 8577.