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Dale Fior

Sales Associate
Office:(201) 478-6745

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Jersey City Downtown: Year-to-Year Stats

The  Average Sold-Sale Price  is a reflection of ascending or descending prices within a given market year over year. Given in a percentage, one can determine the amount of appreciation or depreciation that has occurred. It is also an indicator of market trending. The more appreciation the hotter the trend. Less appreciation indicates a cooling off trend. The following is the average sale price for Downtown Jersey City beginning in 2011 which many believe to have been the market’s low point after the housing crisis. 2011 Average Sale Price: $459,324 2012 Average Sale Price: $472,277 (2.8% appreciation) 2013 Average Sale Price: $533,636 (13% appreciation) 2014 Average Sale Price: $605,307 (13.4% appreciation) 2015 Average Sale Price: $687,620 (13.6% appreciation) 2016 Average Sale Price: $721,072 (4.9% appreciation) Looking at this trend we...
Posted to Trending Market Stats on Monday, October 31, 2016 at 10:19:47 AM

DOWNTOWN JERSEY CITY MARKET SNAPSHOT

The Seller : Buyer Ratio is one of the barometers most frequently used by professional housing market analysts and very professional real estate brokers. This relationship is expressed as a ratio between the number of home sellers with a home to sell, compared to the number of buyers who have contracted to purchase a home during a given month. So, a ratio of 10:1 would indicate there to be 10 sellers for every 1 home buyer, thus indicating an oversupplied market condition, and certainly not the case in DTJC at the moment. Conversely, a ratio of 1:1 would indicate a buyer for every home on the market, thus indicating strong market demand, quick marketing times and declining unsold inventory. Significant changes in this ratio typically provide an early warning of changing market conditions. For September 2016 the Seller to Buyer Ratio in DTJC is 2:1, meaning there are two sellers for every...
Posted to Market Snapshot on Friday, October 14, 2016 at 3:23:02 PM

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