Q2 2014 Review for Monthly Unit Home Sales for Jersey City, NJ

We closed 186 condos in Jersey city, downtown last quarter. 52 in Apr, 67 in May and  67 in Jun period.  

We ended Q1 with 150 active listings.  Although as prices go up, hopefully more will be willing to sell.  This is assuming interest rates continue to be at these record low levels. 

Springs are considered as the preferred period to shift the home. Market recorded average 62 properties sold during this second quarter. 

Take a look at the volume graph above.  You can see the Two bedrooms have the highest sales in average for Q2 which is typical for Jersey city, Downtown.  The two bedroom is the most versatile for Hoboken's audience. A two bed is good for roommates, that young professional that wants a home office, a newly married couple and for the couple with their first child.

Above graph shows monthly units sold by month. Numbers are between 52 to 67 unit during last quarter and market is ready for more properties expected to come in the market during this spring season.

The above chart shows the total sales volume in $ and the trend of the average price of property during Q2 2014. Sales Volume was highest in the month of June. The period recorded continuous increase from the beginning of the quarter. This make July the best time for investors to buy properties at increasing prices. 


Here is a chart for home sales from April to June 2014.

Information Provided by Donna Antonucci
Weichert Realtors
201-240-6832

donna@donnaantonucci.com
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