Friday, April 5, 2013


PPSQFT calculated using condos only.  However, only 1, 2, and 3+ bedrooms are shown on this chart.  The difference between 100% and the total percentage shown by neighborhood equals the excluded studios.  1-4 families are excluded from this analysis.


27 Properties came on the Market This Week vs 19 Last week


49 COLES ST, JERSEY CITY, NJ
280 MARIN BLVD, JERSEY CITY, NJ
466 MONMOUTH ST, JERSEY CITY, NJ
208 7TH ST, JERSEY CITY, NJ
204 6TH ST, JERSEY CITY, NJ
210 VAN VORST ST, JERSEY CITY, NJ
210 VAN VORST ST, JERSEY CITY, NJ,
219 4TH ST, JERSEY CITY, NJ
10 REGENT ST, JERSEY CITY, NJ
384 2ND ST, JERSEY CITY, NJ
232 PAVONIA AVE, JERSEY CITY, NJ
64 MERCER ST, JERSEY CITY, NJ
321 8TH ST, JERSEY CITY, NJ
341 MONMOUTH ST, JERSEY CITY, NJ
347 VARICK ST, JERSEY CITY, NJ
210 VAN VORST ST, JERSEY CITY, NJ
201 MARIN BLVD, JERSEY CITY, NJ
700 GROVE ST, JERSEY CITY, NJ
1 SHORE LANE, JERSEY CITY, NJ
481 JERSEY AVE, JERSEY CITY, NJ
105 GREENE ST, JERSEY CITY, NJ
317 4TH ST, JERSEY CITY, NJ
88 MORGAN ST, JERSEY CITY, NJ
311 WASHINGTON ST, JERSEY CITY, NJ
10 REGENT ST, JERSEY CITY, NJ
88 MORGAN ST, JERSEY CITY, NJ
340.5 5TH ST, JERSEY CITY, NJ
128 BRIGHT ST, JERSEY CITY, NJ
201 MARIN BLVD, JERSEY CITY, NJ
126 DUDLEY ST, JERSEY CITY, NJ
15 WARREN ST, JERSEY CITY, NJ
201 LUIS M MARIN BLVD, JERSEY CITY, NJ
176.5 COLES ST, JERSEY CITY, NJ
344 2ND ST, JERSEY CITY, NJ
248 1/2 4TH ST, JERSEY CITY, NJ

427 JERSEY AVE(UNIT 1), JERSEY CITY, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details


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The Absorption rate this week is 15.20 weeks. See the attached picture of the absorption rate over time.  The absorption rate is a number that describes how many weeks it will take to see off the current inventory at the current rate of sales.  We had 9 closings this week and we have 152 active listings.  So at the current rate of 9 closings per week, it would take 15.20 weeks (15.20/9) to sell off the current inventory.  See the chart attached as a photo to see how absorption rate has fluctuated over time.

The absorption rate is often thought of as the factor that indicates if we are in a sellers' or buyers' market.
Generally if there is more than 4 months of inventory it's a buyers' market.  Less than 4 months it's a sellers' market.  Prices are down but so is the inventory.  

Another key factor is listing date to contract.  See the quarterly review and consult an agent.  Outlyers can skew these numbers.


See the embedded document below for Price Per Square Foot by bedroom and neighborhood so you can understand how location effects price.

Provided by Donna Antonucci
Prudential Castle Point Realty
(O) 201-216-0909
Cell 201-240-6832