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Darren Giordano's Blog

By Darren Giordano | Agent in Hoboken, NJ
  • Jersey City- January thru May Report

    Posted Under: Market Conditions in Jersey City, Home Buying in Jersey City, Home Selling in Jersey City  |  June 5, 2012 11:12 AM  |  638 views  |  No comments
    The first 5 months are off to a great start in Jersey City. We are having another stellar year coming off on of the best in 2011. Over the past few weeks, bidding wars and very low days on market has been the norm.

    Below are some highlights from Jan-May 2011 vs. 2012

       2011      2012
    # of sales    136     155
    Median sold price    $460k    $415 (many more 1 bedroom sales)
    Avg price     $477 $469 (same as above)
    Low sale $203k    $170k
    High sale     $1.140M    $965k
    Days on market   79  79
    $/sq ft   $441     $440

    If you are starting the process of searching for your home or thing now if the time to sell, call me for a customized report. I will make sure you get the top dollar for your home as we offer a free home staging consultation, free professional photography and top of the line marketing support.

    Thanks,

    Darren

    Darren Giordano
    Sales Partner
    Prime Real Estate Group
    201-723-3300-cell
    darren@primereg.com

  • Jersey City Market Report- February

    Posted Under: Market Conditions in Jersey City, Home Buying in Jersey City, Home Selling in Jersey City  |  March 9, 2012 1:06 PM  |  1,022 views  |  No comments
    With the big announcement of BrianDavid Realtors and Halliburton Homes merging last week (http://www.trulia.com/blog/DarrenHoboken/2012/03/briandavid_realtors_and_halliburton_homes_merge_now_prime_real_estate_group, I'm a couple days late filing the latest Hoboken Market Report.

    We are off to a great start to the year. With interest rates still very low, inventory levels still not rising and great weather, the Jersey City condo market is showing great signs of growth.


    Let's take a look at how this February did vs February 2011:


    --Overall, there were 31 sold properties in February 2012 vs 24 in 2011. That's a 30% increase!
    --The Median price in 2012 was $410k vs $462k in 2011.
    --The Average price was higher, $469k in 2012 vs $453k in 2011. The A Building, Shore Club and The Pier House added to this.
    --$ per sq ft in Feb 2012 was $442 vs $413 in 2011.
    --Days on market were exactly the same at 71 days.
    --For Sellers, the % discounted price was 2.4% in Feb 2012. 2011 at 4.2% was more of a Buyers market.

    For Sellers, feel free to call me if you want to get a true value of your home. This is ALWAYS free and sometimes you will be surprised at how much you can sell for.

    For Buyers, I am working with new Buyers all the time. If you are starting the process, send me an email. We can review the timelines, expectations and you can see the latest homes in your market.

    Thanks,

    Darren

    Darren Giordano
    Sales Partner
    Prime Real Estate Group
    201-723-3300-cell
    darren@primereg.com







  • Hoboken's out, Jersey City's in...Snooki and J Woww coming to town

    Posted Under: General Area in Jersey City, Quality of Life in Jersey City, In My Neighborhood in Jersey City  |  February 9, 2012 8:27 AM  |  4,049 views  |  1 comment
    Hoboken residents seem to be happy that Snooki and J-Woww aren't filming their new show in town. What do the people of Jersey City think??

    What bars will they be annoying I mean frequenting? Light Horse Tavern? Iron Monkey? Embankment? Zeppelin Hall Beirgarten?

    Snooki said they don't get drunk everynight like it seems on the Jersey Shore...I guess time will tell. 


    http://hoboken.patch.com/articles/jersey-city-to-welcome-snooki-and-jwoww-after-hoboken-s-refusal


    Would having the MTV crew at Restaurants and Bars deter or make you want to move into Jersey City more this Spring? 






    Darren

    Darren Giordano 
    Sales Consultant
    BrianDavid, Realtors
    201-723-3300-cell
    DGiordano@BrianDavidRealtors.com

      

  • January Downtown Jersey City Market Report

    Posted Under: Market Conditions in Jersey City, Home Buying in Jersey City, Home Selling in Jersey City  |  February 1, 2012 3:39 PM  |  656 views  |  No comments

    It's very important to understand the Real Estate Market before you start you home search or before you look to list your home. If you start working with an Agent and they either don't provide you with this information or don't have the most up-to date numbers, you should question if you want to put one of the biggest investments you will make in the hands of a 'professional' who isn't educated.

    I usually run a full report every quarter but in 2012 I will also provide a monthly snapshot of the market. Here are the highlights for the Jersey CIty Condo market:

    --Overall, there were 12 sold properties in January 2012 vs 17 in 2011.
    --The Median price in 2012 was $414k vs $465k in 2011.
    --The Average price also was higher, $471k in 2012 & $512k in 2011.
    --$ per sq ft decreased in 2012 vs 2011, $418 vs $449.
    --Days on market decreased to only 86 days in 2012! Big change vs 100 days on market in 2011...Inventory is lower but homes are selling faster...
    --For Sellers, the % discounted price was 3.5% in Jan 2012. This is less than YAG at 5.2% off asking...Another sign this is getting back to more of a Sellers Market.

    For Sellers, feel free to call me if you want to get a true value of your home. This is ALWAYS free and sometimes you will be surprised at how much you can sell for.

    For Buyers, I am working with new Buyers all the time. If you are starting the process, send me an email. We can review the timelines, expectations and you can see the latest homes in your market.




    Thanks,

    Darren

    Darren Giordano
    Sales Consultant
    BrianDavid, Realtors
    201-723-3300-cell
    DGiordano@BrianDavidRealtors.com

 
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