December 2017

Downtown Jersey City – 2017 Real Estate Review

In November 2017, a single-family home on 8th Street (pictured below) sold for an asking price of $2,250,000, breaking the $2 million threshold by over 10% and setting the stage for 2018.  This five-bedroom home was completely gut-renovated with state-of-the-art appliances and high-end technology.  Throughout downtown Jersey City sales of 1-4 family townhouses rose to […]

Dwell JC | Dec 26, 2017

Major Changes in Taxes to Impact Local Property Values

The National Association of Realtors (NAR) has prepared an interactive map that predicts the impact of the new Federal Tax bill on your home’s value.  When I queried it for Congressional District 8, which includes Downtown Jersey City, it predicts that the average home value will decrease by $32,260.  NAR also issued a bill Summary, […]

Dwell JC | Dec 21, 2017

Mercer/Varick/York – 2017 Real Estate Review

Homes on Mercer, Varick and York Streets rose to record breaking levels in 2017.  This sought-after neighborhood surrounds the beautifully renovated and maintained Van Vorst Park.    Called “one of the most formal of Jersey City’s parks,” it was originally landscaped by local florist and horticulturist Peter Henderson in 1851. Occupying the entire rectangular city block […]

Dwell JC | Dec 18, 2017

Jersey City Issues Reval Report!

Jersey City issued a report today that contains a table with information regarding the real estate tax revaluation and how that will impact your 2018 property tax bill.  The report indicates that the tax rate will be $16.21 per $1000 of assessed value.  As expected, this will mean the average tax will decrease for most […]

Dwell JC | Dec 15, 2017

77 Hudson Street – 2017 Year in Review

Once again condo sales at 77 Hudson Street rose to record breaking levels in 2017.  This sought-after waterfront high-rise was designed by award-winning CetraRuddy Architecture.  This elegant, modern skyscraper with floor-to-ceiling windows has extraordinary, unobstructed views in addition to world-class amenities that include a rooftop pool, grill area, theater and gym.  Units in the building […]

Dwell JC | Dec 13, 2017

Mandalay – 2017 Real Estate Review

Mandalay – 2017 Real Estate in Review:  In 2017 the sale price for condos at Mandalay on Hudson rose to record breaking levels.  This sought-after waterfront high-rise was built in 2000.  With 269 units it soars 25 stories high and has world-class amenities including a parking garage, private outdoor space, a doorman and Jersey City’s […]

Dwell JC | Dec 9, 2017