Real Estate

Downtown Jersey City’s Housing Boom

Capturing this dynamic real estate market with data is never easy, but this chart gives you a snap-shot of the past five years of housing boom for 1-4 family townhouses in Downtown Jersey City. With housing prices rising and inventory at a 20-year low, the housing market in Downtown Jersey City should continue to soar despite […]

Dwell JC | Mar 1, 2018

Property Tax Freeze for Seniors & Disabled

Attention Seniors:  Some of the folks hardest hit by the tax revaluation (or “reval”) in Jersey City may be able to take advantage of New Jersey’s Property Tax Reimbursement Program, also known as the “Senior Freeze”.  This program reimburses eligible New Jersey residents who are senior citizens or disabled persons for property tax increases on […]

Dwell JC | Feb 20, 2018

Solomon Addresses Downtown Reval

On Thursday, February 1st, Ward E Councilman James Solomon addressed a full-house of concerned residents from Downtown Jersey City.  His reval presentation explained the revaluation process and outlined several specific steps residents can take to appeal their valuation if they feel the appraisal is not accurate.  Here are the key steps to appealing your reval: […]

Dwell JC | Feb 5, 2018

Downtown Jersey City – 2017 Real Estate Review

In November 2017, a single-family home on 8th Street (pictured below) sold for an asking price of $2,250,000, breaking the $2 million threshold by over 10% and setting the stage for 2018.  This five-bedroom home was completely gut-renovated with state-of-the-art appliances and high-end technology.  Throughout downtown Jersey City sales of 1-4 family townhouses rose to […]

Dwell JC | Dec 26, 2017

Major Changes in Taxes to Impact Local Property Values

The National Association of Realtors (NAR) has prepared an interactive map that predicts the impact of the new Federal Tax bill on your home’s value.  When I queried it for Congressional District 8, which includes Downtown Jersey City, it predicts that the average home value will decrease by $32,260.  NAR also issued a bill Summary, […]

Dwell JC | Dec 21, 2017

Mercer/Varick/York – 2017 Real Estate Review

Homes on Mercer, Varick and York Streets rose to record breaking levels in 2017.  This sought-after neighborhood surrounds the beautifully renovated and maintained Van Vorst Park.    Called “one of the most formal of Jersey City’s parks,” it was originally landscaped by local florist and horticulturist Peter Henderson in 1851. Occupying the entire rectangular city block […]

Dwell JC | Dec 18, 2017

Jersey City Issues Reval Report!

Jersey City issued a report today that contains a table with information regarding the real estate tax revaluation and how that will impact your 2018 property tax bill.  The report indicates that the tax rate will be $16.21 per $1000 of assessed value.  As expected, this will mean the average tax will decrease for most […]

Dwell JC | Dec 15, 2017

77 Hudson Street – 2017 Year in Review

Once again condo sales at 77 Hudson Street rose to record breaking levels in 2017.  This sought-after waterfront high-rise was designed by award-winning CetraRuddy Architecture.  This elegant, modern skyscraper with floor-to-ceiling windows has extraordinary, unobstructed views in addition to world-class amenities that include a rooftop pool, grill area, theater and gym.  Units in the building […]

Dwell JC | Dec 13, 2017

Mandalay – 2017 Real Estate Review

Mandalay – 2017 Real Estate in Review:  In 2017 the sale price for condos at Mandalay on Hudson rose to record breaking levels.  This sought-after waterfront high-rise was built in 2000.  With 269 units it soars 25 stories high and has world-class amenities including a parking garage, private outdoor space, a doorman and Jersey City’s […]

Dwell JC | Dec 9, 2017

The Print House – Sustainable Condos in the Heights

The Print House in the Heights is among the new wave of environmentally sustainable condominium developments underway in Jersey City.  According to the developer, Tom Chartier, “We’re building sustainable communities one building at a time.” The Chartier Redevelopment Group has indicated that they will be pursuing LEED certification for this project, which should be completed in […]

Dwell JC | Sep 25, 2017