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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
