Buyers Prepare:  Condo Market Softening in Downtown Jersey City

Although average prices have not yet been affected, the steady increase in days on the market signals a weakening in the condo market that favors buyers.  The average number of days on the market (DOM) has continued to increase over last quarter and last year.  The number of days on the market in the downtown […]

Dwell JC | Oct 23, 2018

Q3 2018 Townhouse Report – Downtown Jersey City

As the third quarter of 2018 ends, the number of sales is up dramatically over last quarter, days on the market continues to decline, and the average sale price fell about 6.5% over last quarter but prices are still up 1.8% over last year.  This  demonstrates that the townhouse market in downtown Jersey City remains […]

Dwell JC | Sep 25, 2018

Lofty One-Bedroom Condo in Paulus Hook

This listing is brought to you by Thomas Gibbons of Warren G Curtin Realty. Want to see this listing?  Email us, tom.wgcrealty@gmail.com. This immaculately renovated, one-bedroom condo is the definition of chic urban living.  In the heart of Paulus Hook, this unit has high, vaulted ceilings and a skylight that fills the home with natural light. With a […]

Dwell JC | Sep 10, 2018

Home Prices, Mortgage Rates, & Millennials

Home prices in Jersey City are holding steady, despite increasing supply.  Demand in most categories remains strong and mortgage rates have dropped slightly in August.  Over the past several weeks we have seen slight declines in mortgage rates, which is improving affordability to some extent and may further increase demand.  The average 30-year fixed-rate mortgage […]

Dwell JC | Aug 27, 2018

Good News — Jersey City’s Tax Rate Less than Expected

The final tax rate of $1.48 per $100 of assessed value was officially certified by the board.  This is good news from many who were expecting 1.62.  The city was under a court order to complete its first revaluation since 1988 and assessed values of some Downtown homes jumped over 200%, hitting 1-4 family homes […]

Dwell JC | Aug 13, 2018

Jersey City Pride: Diversity and Acceptance

Jersey City has become among the most diverse and accepting communities in America. In fact, the Advocate Magazine has ranked Jersey City one of the queerest cities in the nation over other well-known gay-friendly cities such as New York City, San Francisco and Buffalo. Jersey City also got a perfect score on the Human Rights Campaign’s municipal […]

Dwell JC | Aug 1, 2018

Silverman Continues ‘Building Neighborhoods’ in Hamilton Park

On Thursday afternoon I attended the Grand Opening of the Park Francis, which is a 7-story residential rental building with ground-floor retail that Eric and Paul Silverman recently completed on Hamilton Park.  The soon-to-open, Rumba Cubana, provided amazing Cuban food, margaritas and mojitos. I got to tour the interior of the restaurant, which is classy […]

Dwell JC | Jul 26, 2018

Bergen-Lafayette is Hot

As Jersey City’s downtown market cools and residents feel the tax crunch, Bergen-Lafayette just keeps getting hotter.  Although, Journal Square has been a main focus for revitalization, Bergen-Lafayette now has numerous redevelopments underway along with major future projects in the pipeline like Canal Crossing and SciTech City. Over the last few years, owners in Bergen-Lafayette […]

Dwell JC | Jul 18, 2018

Q2 2018 Townhouse Report – Downtown Jersey City

As the second quarter of 2018 comes to a close, the number of listings in downtown jersey city is up over last year, the number of sales has dropped, and sale prices are still rising.  As previously reported, inventory is still low despite the surge in listings, and it remains a seller’s market. Average Sale […]

Dwell JC | Jun 28, 2018

Why Landlords are Selling in Downtown Jersey City

To understand why landlords are selling in downtown Jersey City, I turned to the MLS database.  I’ve always been comfortable with numbers and analyzing data.  By looking at the data, you can often spot trends that help anticipate what may happen in the future.  Although no one can predict the future, several months ago I […]

Dwell JC | Jun 21, 2018