Real Estate Market Trends: December 2016

JERSEY CITY: The median list price for Jersey City was up significantly from $399,000 to $417,000. This is an even greater increase ($18,000) then the previous month, which increased $9,000. The median list price per square feet is also up by quite a large amount at $423 from $387 last month. On the opposite side of things, the rent list price is down $150 to $2,100, while the rent list price per square feet is down $0.16 after a large jump ($0.19) from September to October. 

HOBOKEN: Most numbers in Hoboken are down from the prior month. The median list price is up $12,000 from $737,000 to $749,000. The median list price per square foot is down $4 to $694, while the rent list per square feet is holding steady only down a cent. The rent list price is down $70 to $2,700 and is on the constant decline, dropping $100 since August.

HUDSON COUNTY: Similarly to Jersey City, Hudson County as a whole is up in the median list price ($10,000) and median list price per square feet ($6) and down in the rent list price ($100) and rent list price per square feet ($0.09). Both the median list price and median list price per square feet are on an upward spiral from two months ago while the rent list price and rent list price per square feet are on the downward spiral from two months ago.

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BLVD Realty Group is the premier luxury and commercial real estate firm in Jersey City. We specialize in providing our clients with the boutique look and feel coupled with a very strong team of professionals. Welcome to our first real estate market monthly report, where we cover Jersey City, Hoboken, and Hudson County as a whole.

BLVD REALTY GROUP-2

BLVD Realty Group
255 Grove St.
Jersey City, NJ 07302
(201) 435-5000
blvdjc.com
Featured Image Credit: Henrik Jagels (Wikimedia Commons)
Information from Zillow.com & Trulia.com
Tags: Jersey City, Hoboken, Realtor, Real Estate, Hudson County, JC Make It Yours, Jackson Hill, Downtown Jersey City, Jersey City Heights, Greenville Jersey City, Top Jersey City Realtor

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