Real Estate

Homes That Sold for Around $1,000,000

Recent residential sales in Jersey City and the region. By Tom Gibbons, Realtor-Associate Each month, our survey of recent residential sales in Jersey City and the surrounding region focuses on homes that sold around a certain price point, allowing you to compare single-family homes, condos and co-ops in different locales. DOWNTOWN JERSEY CITY | CONDO, […]

Dwell JC | Mar 11, 2019

Why you should sell your home in 2019

With mortgage rates dropping to 12-month lows, the prospects for the real estate are looking up.  Although it may not be as crazy as the summer of 2017, relatively speaking, 2019 might be the best time to sell your home.  Especially if you’re on the fence about selling this year or next, Nick Ron, CEO of […]

Dwell JC | Mar 8, 2019

The top reasons your home didn’t sell

These four reasons will help you understand why your property didn’t sell—and what you can do about it. Even though some experts are predicting a continued shift towards a buyer’s market in 2019, that doesn’t mean your listing shouldn’t be getting attention from the right buyers. If your home is on the market but not […]

Dwell JC | Feb 14, 2019

Will 2019 be a Buyer’s Market in Downtown Jersey City?

By Thomas M. Gibbons, Realtor-Associate Feb 6, 2019 It’s official: Jersey City’s downtown real estate market definitely cooled off in 2018.  Prices have declined slightly, the number of days on the market is increasing, and the number of sales declined.  Good news if you are a buyer, and not too bad if you’re a seller with […]

Dwell JC | Feb 6, 2019

Q4 2018 Market Report Downtown Jersey City

Townhouses:  With a 4% decline in median sale prices and an increase in the number of days on the market by 8%, the townhouse market went into reset mode in 2018 as buyers and sellers seemed to proceed with caution. Median Sale Price:  The median sale price for a townhouse in downtown Jersey City for […]

Dwell JC | Feb 5, 2019

First-time home buyers expand their options with help from Mom & Dad

In my last article, I shared information regarding how first-time home buyers were able to buy fixer-uppers with renovation mortgages offered by HUD and Fannie Mae.  But another first-time buyer I worked with this summer turned to Mom & Dad for the down-payment.  More and more parents are helping their grown kids become homeowners, which […]

Dwell JC | Dec 17, 2018

First-time home buyers shift to fixer-uppers in downtown Jersey City

Downtown Jersey City can be a tough place for first-time home buyers:  entry-level single-family homes that are move-in ready are non-existent.  Buyers are often not aware that they can get a renovation mortgage that combines the purchase price with the cost of improvements.  This summer I worked with two clients, one who was looking to […]

Dwell JC | Dec 12, 2018

Bergen-Lafayette Levels Off

Over the past 5 years the shift in the Bergen-Lafayette real estate market has been dramatic.  Although things seem to be leveling off in 2018, this neighborhood has major future projects in the pipeline like Canal Crossing and SciTech City that continue to keep investors interested despite the price increases.   Here are some of […]

Dwell JC | Oct 26, 2018

Q3 2018 Condo Report – Downtown Jersey City

Although average sale prices have increased by 6.5% over last year, the steady increase in days on the market in this quarterly condo report signals a weakening in the condo market that favors buyers. Average Sale Price:  The average sale price for a Downtown Jersey City condo for this period was $765k, which is up […]

Dwell JC | Oct 25, 2018

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