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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

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