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

Average List Price Drops as Listings Surge

The number of condos and single-family homes listed in Downtown Jersey City continues to increase since the property tax reval.  The number of listings in the period from March 15th to April 14th increased from 94 in 2017 to 154 in 2018, up 64% over last year.  The following bar chart depicts the number of […]

Dwell JC | Apr 14, 2018

Thinking of Selling in Downtown JC?

With so many folks talking about selling their homes in downtown Jersey City, I decided to share some of my recent experiences with clients preparing to sell.  As I previously reported, homeowners in downtown Jersey City have been among the hardest hit by the property tax revaluation with the annual taxes on many homes more […]

Dwell JC | Mar 30, 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

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