Downtown

Q2 2018 Townhouse Report – Downtown Jersey City

As the second quarter of 2018 comes to a close, the number of listings in downtown jersey city is up over last year, the number of sales has dropped, and sale prices are still rising.  As previously reported, inventory is still low despite the surge in listings, and it remains a seller’s market. Average Sale […]

Dwell JC | Jun 28, 2018

Why Landlords are Selling in Downtown Jersey City

To understand why landlords are selling in downtown Jersey City, I turned to the MLS database.  I’ve always been comfortable with numbers and analyzing data.  By looking at the data, you can often spot trends that help anticipate what may happen in the future.  Although no one can predict the future, several months ago I […]

Dwell JC | Jun 21, 2018

Mortgage Rates Resume Upward Trend

This week mortgage rates resumed their upward trend, which is reported to be the most prolonged increase in 46 years.  According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to its second-highest level this year, rising to 4.62 percent with an average 0.4 point. It was 4.54 percent a […]

Dwell JC | Jun 15, 2018

Knowing When to Sell your Investment Properties

Ever since the results of the tax revaluation were released earlier this year, I’ve been busy talking to clients about when they should sell their investment properties in Jersey City.  They tell me they are being bombarded with calls from Realtors telling them that they have buyers, sell now, it’s a sellers’ market!  In addition […]

Dwell JC | May 30, 2018

Location and Affordability Make this Hamilton Park 2-Family a MUST SEE!

Don’t miss this rare investment opportunity to own a 2-family home just steps from beautiful, historic Hamilton Park in the heart of Jersey City. The home has a garden-level studio apartment with backyard access and a 1-bedroom duplex with a top-floor master suite. This 3-story home could easily be re-configured as a one-family with room […]

Dwell JC | May 28, 2018

Downtown Jersey City – Q1 2018 Market Report

In Q1 2018, a four-family home on Mercer Street in downtown Jersey City sold for $1,937,500, which is just below the record high set last year of $2,270,000.  This quarter’s record sale was approximately 14% below asking, which compares unfavorably to last year’s record sale which sold for just 3.4% below asking.  On average, the […]

Dwell JC | Apr 29, 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

Downtown Listings Surge since Revaluation

Downtown listings have surged since homeowners began receiving their reval letters last month.  Although it was not one of the steps outlined by Ward E Councilman, James Solomon, when he presented information about the revaluation throughout Ward E, clearly one of the options is for a homeowner to simply SELL their home. As I previously […]

Dwell JC | Mar 16, 2018

Location and Low Taxes Make This Townhouse a Hot Jersey City Listing

This Jersey City listing is brought to you by Thomas Gibbons of Warren G Curtin Realty. Want to see this listing?  Email us, tom@wgcrealty.com. Everyone knows that location is a driving factor in the real estate market, and it’s just one reason why 340 5th Street in Downtown Jersey City is an amazing opportunity.  This single-family brownstone was […]

Dwell JC | Mar 10, 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