2011 Mar 24th

The Weekly Thursday Wrap-Up – Downtown Jersey City Condo Sales & Activity for the Week Ended March 24, 2011

Downtown Jersey City Condos Sales & Activity – Week of March 24th, 2011

HobokenRealEstateNews recognizes that our readership extends beyond our fair city’s one mile boundries. Hoboken buyers are often interested in what their money will buy in the downtown Jersey City market, just as Jersey City sellers often wish to reach out to affluent Hoboken buyers (and vice versa.) As such, we now publish the Jersey City Weekly Thursday Wrap-Up (WTWU) and we’ve expanded our popular Hoboken Open House Google Map to include downtown JC as well.

Tax Appeals

It’s getting close to the filing deadline of April 1st. Keep in mind that the City has a 15% margin of error. If your assessment does not multiply out to at least 15% over the current market value of your property, you are not likely to be successful in an appeal. The “upper limit” multiplier for Hoboken is .3407. To see where you are at, take your assessed value and divide by .3407. For example, if your assessed value is 175,000, the result would be $513,648. Your property value must be less than $513k to win.

Here is this week’s condo sales report:

Disclaimer: The data relating to real estate transactions on this web site comes in part from the Hudson County MLS. While some of these listings are, in fact, our listings they are not ALL our listings nor do we hold them out as such. Century 21 Listings are identified with “C21″ after the address. Other listings are from the MLS and are identified with “MLS” after the address. Information is deemed reliable but not guaranteed.

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Studio & 1 Bedroom Downtown Jersey City Condos:

7 new listing

3 DABOs

4 Sold

6 price reductions

113 Total Active 1BRs

Two Bedroom Downtown Jersey City Condos:

4 new listings

6 DABOs

3 sold

6 Price Reduction

139 Total Active 2BRs

Three Bedroom and Larger Downtown Jersey City Condos:

4 new listings

1 DABO

None Sold

3 price reductions

27 Total Active 3BRs

Hoboken and Downtown Jersey City Condo Open Houses

If you are in the market for a Hoboken or Downtown Jersey City condo, our Hoboken Open House Google Map is your best source for locating every open house. It is the single, most complete listing available and we were the first ones to do it. We compile the information by hand from all possible sources to provide you with all the information you need in one spot. It’s posted on Friday every week.

Want to Receive New Listings & Price Reductions Daily?

If you would like to be emailed the new listings and price reductions each weekday in either 1br, 2br or 3br categories (Hoboken only) just email us at [email protected] letting us know which size(s) you would like and we’ll add you to the daily email list.

For more information you can always contact us at 201 993 9500.

Thanks for reading and, as always, we welcome your comments!

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