Well, 2021 is half over and many are wondering where our housing market is heading during the second half of this year. Here’s a look at what the experts have to say about key factors that will drive the both real estate and the economy forward in the months to come. Realtor.com “. . . […]
Our real estate market is really heating up as we enter the Spring season. We’ve been seeing multiple offers on listings, and in one case, a single-family home I listed, received 9 offers in the first week. Buyers need to be ready to compete. This is especially true for anyone looking for a single-family home […]
Now listed at $2,195,000!!! Located in the heart of downtown Jersey City, this well-maintained income-producing property has three residential units and one commercial unit. Originally constructed in 1878, the property retains much of its historic charm including high ceilings, hardwood floors, and original mahogany banisters but has also been updated with central heating and cooling and open-concept […]
For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price they could […]
When thinking about selling, homeowners often ask me about what they need to do to get top-dollar. Many agents are suggesting costly remodeling to make the home more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. […]
One thing we can all agree on is that we are in a seller’s market, and it’s a good market for both sellers and buyers because interest rates are super low, and cash buyers are ready to spend their bonuses on their next home. Realtors measure the market activity in terms of “months of supply”. If the […]
This lovely 2-bed, 2-bath condo was under contract in nine days with multiple offers above asking price of $924,900. The south-facing windows provide plenty of natural light. The fully-equipped kitchen includes white quartz countertops and the best Bosch appliances. This 1380 SF home has two lovely bedroom suites with huge custom California closets and adjoining […]
We received multiple applications in the first week for this expansive 1270 SF two-bed home is located in the lovely Liberty Harbor development. This is a luxury condo with the look and feel of living in a 3-family home. Floor-to-ceiling windows fill the open-concept living and dining area with natural light. The designer chef’s kitchen […]
The Jersey City real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report, which shows that the […]
According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. However, here in downtown Jersey City, the year was a turbulent one for real estate values. Overall, downtown Jersey City saw a slight (1%) drop in home sale prices year-over-year. Here is a breakdown by property type: Where will […]
