Tuesday, September 10, 2013

July- August (Summer) 2013 Review for Monthly Unit Home Sales for Jersey City, NJ

Volume was good in last 2 Month as compared to the earlier quarters.  We closed 152 condos in Jersey city this summer. 75 in July and 77 in August period which are good numbers.  This is a significant difference.

We ended summer with 147 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. 

People bought more properties in this summer Vs previous months. 

Take a look at the volume graph above.  You can see the Two bedrooms have the highest sales in average for July- August (Summer) which is typical for Hoboken.  The two bedroom is the most versatile for Jersey city'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.

Here is the graph representing Total sales volume correlation with Average price per unit. This shows that how increase or decrease in prices of property during the period effect the in sales and inventory in the market.

Here is a chart for home sales for July - August 2013.

Information Provided by Donna Antonucci
Prudential Castle Point Realty