Market Report

A preliminary assessment for 2018 shows a rise in property values for the Jersey Shore city of Asbury Park. As the numbers go up, at least one group is trying to keep the community accessible for those who aren’t super rich.

Pure Properties has confirmed their status as one of the area’s top-tier agencies with the release of their South Hudson County Quarterly Report — the first of its kind in New Jersey. The report provides detailed insights into each southern Hudson County sub-market.

A Pure Properties market report shows that average sale prices for both homes and condos went up double-digit percentages on the year despite an underwhelming 4th quarter.

A slight decline along the waterfront was offset by solid appreciation in Jersey City's outer neighborhoods.

The Mile Square City boasted the highest median sales prices in the county during this year’s second quarter, while the Heights saw the largest upticks.

After years of being pegged as Hudson County’s emerging market, a big quarter for appreciation and brisk sales shows momentum is gaining in the Peninsula City.

The latest numbers show more modest value gains in most of the city’s neighborhoods and while transaction totals are strong, listings are averaging more days on the market.

The pricing dynamic between Hoboken and Jersey City continues to shift. This quarter, it comes on the sales side with Downtown Jersey City townhouses eclipsing Hoboken for the first time.

The Heights continues to have Jersey City’s best appreciation, while the looming effects of the property revaluation have slowed Downtown’s rise.

A dive into the numbers suggests that a glut of inventory listed for sale hasn’t negatively impacted prices in Jersey City’s leading neighborhood.