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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
This week mortgage rates resumed their upward trend, which is reported to be the most prolonged increase in 46 years. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to its second-highest level this year, rising to 4.62 percent with an average 0.4 point. It was 4.54 percent a […]
Ever since the results of the tax revaluation were released earlier this year, I’ve been busy talking to clients about when they should sell their investment properties in Jersey City. They tell me they are being bombarded with calls from Realtors telling them that they have buyers, sell now, it’s a sellers’ market! In addition […]
