Galaxy (Gold Coast) Condo Prices

Asked by H, 07047 Mon Jul 30, 2007

I am trying to gauge the value of my Galaxy Condo as I am considering either selling or renting. Currently prices seem to be all over the place -- I have a 1 BDRM, 1 1/2 bath, 839 sq Ft, great views (mid-town down through the Verr. Bridge). Is it a bad market to sell? Should I just rent for now? Or are Condo prices on Jersey's Gold Coast not effected by the nationwide slow down. Not looking to get rich, just fair market value.... any help is greatly appreciated. Thanks

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Mike Hernand…, , North Bergen, NJ
Sun Oct 14, 2007
Hello. I'm local Realtor affiliated with Remax Villa of North Bergen. I'll be more than happy to provide you with a CMA with no obligation to list or anything. The past year and had sold more condos than houses and to be honest I really like it. The Galaxy have a high maintenance fee but is a good option for those buyers that want a real security guard, a prompt front desk and all the amenities that you and I know that those tower offer that any other building can provide. Going back to your question, I will suggest that if you need the result of the sale to buy or invest, secure your equity now and continue on. Fell free to contact me. Good luck.
1 vote
Dan, Both Buyer And Seller, Portland, OR
Sun Oct 12, 2008
It would be nice to have real estate professionals put some skin in the game and answer questions directly. As a buyer, I would like to know if prices have come down in the Galaxy and by how much over the past month and year. Once prices drop by about 20 to 40% cash buyers will come back into the market. (Read me) It will take years for this recovery to happen. I am looking for price opportunity NOT velocity of sales.
Respectfully submitted
0 votes
Linden Moe, , New Jersey
Tue Sep 11, 2007
Hi H,

Very Good observation prices are all over the place in Jersey City. That being said, In Jersey City Now is a great time to Sell or Rent. Depending on what you bought it for. You should be asble to turn a profit. I have had about 10 buyer's from NYC, enquire about Jersey City Condos. The National Slow Down has affected mostly eveywhere including our beloved Jersey City.........

However Jersey City remains with super strong demand. And price is a function of Supply And Demand.
By the way you can find out what your condo's worth online at Or Both are fast free and pretty painless. Hope that helps. Good luck. Let me know how it goes.
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0 votes
Deborah Madey, Agent, Brick, NJ
Mon Aug 6, 2007
The following link will allow you to see all that is mulitple listed in the Hudson MLS.
0 votes
Warren Damia…, Agent, Little Falls, NJ
Mon Jul 30, 2007
Might want to call a couple of realtors for a cma? There is no obligation and you will get a good idea of pricing. Just let the agents know up front you are in the "research" stages right now. The market is not great, but if you sell a little lower, you will also buy a little lower so it should all work out. Everyone is afraid to sell in a slow market, but you have to realize that if you buy, you will be buying in a slow market also which should even tiself out. Check out the site below, maybe they handle Hudson County.
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