Record Breaking Home Sales in Jersey City!
August 29, 2017 | Tom Gibbons
Limited inventory of historic homes in Jersey City has created an extremely competitive, sellers’ market. Homes not only sold for record prices this summer but those that did so, sold in just days as opposed to weeks or months. Investing in downtown Jersey City was a wise choice for those who saw Jersey City becoming one of the best places to live in the US!
The last five years have seen massive redevelopments with numerous new shops and restaurants throughout the City. Many of those who purchased as recently as 2015 have realized substantial capital gains.
Here is a chart of home sales that occurred this spring. If you are interested in receiving a free comparative market analysis, please contact me!