Monday, April 20, 2015

Q1 2015 Review for Monthly Unit Home Sales for Jersey City, NJ

We closed 145 condos in Hoboken last quarter. 65 in Jan, 31 in Feb and  49 in Mar period. Jan recorded highest sales during last quarter.  This is a significant difference.

We ended Q1 with 96 active listings. 
 Although as prices go up, hopefully more will be willing to sell.  

Winters are the less preferred period to shift the home however Market recorded average 48 properties sold during this first quarter

Take a look at the volume graph above.  During last quarter, one bedroom recorded highest sales in jersey city area however You can see the Two bedrooms also have significant share in sales for Q1 which is typical for Jersey city. 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.

Above graph shows monthly units sold by month. Numbers are between 31 to 65 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 Q1 2015. Sales Volume was highest in the month of January. February recorded decrease in total sales volume and high in average price per unit sold however in March, prices and volume is back to its trend. This makes April the best time for investors to buy properties at low prices. 

Here is a chart for home sales from January to March 2015.

and here is average price per sq ft in Q1 2015. 

Information Provided by Donna Antonucci
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