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Katherine Petsinis' Blog

By Katherine Petsinis | Agent in 07030

Downtown Jersey City Real Estate Activity

I hope that everyone is safe, healthy and with power in the aftermath of Sandy.

Many property owners are wondering how Sandy has impacted the real estate market. Clearly the market has slowed down in the past two weeks. The  properties that are under contract will take more time to close as properties will need to be appraised and inspected once again.  However given the limited amount of sales inventory in Jersey City, I believe real estate activity will pick up within a few weeks.

Below is an overview of the Jersey City real estate market.

AVAILABLE PROPERTIES: 112

The breakout:

One Family & Multi Families: 17

Studios: 5  One Bedrooms: 42  Two Bedrooms: 35  Three Bedrooms: 13

PROPERTIES UNDER CONTRACT: 194

The breakout:

One Family & Multi Families: 25

Studios: 7  One Bedrooms: 70  Two Bedrooms: 76  Three Bedrooms: 14  Four Bedrooms: 2

SOLD PROPERTIES: 37

The breakout:

One & Multi Families: 5

Studios: 1  One Bedrooms: 14  Two Bedrooms: 13  Three Bedrooms: 4

All information deemed reliable but not guaranteed. Please disregard if listed with another broker. Information is pulled from the Hudson County MLS.

 
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