With Jersey City's reval in full swing, the numbers are now in for the first quarter of this new reality.
The Heights continues to have Jersey City’s best appreciation, while the looming effects of the property revaluation have slowed Downtown’s rise.
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.
Last quarter’s real estate numbers show The Heights isn’t slowing down, but the same can’t be said for property values in Downtown JC and Hoboken.
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.
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.
In what shaped up to be a banner year, Jersey City closed 2016 out strong by taking the crown as NYC’s Best Neighborhood in 2016’s Curbed Cup. Now, with the release of Pure Properties’ highly anticipated South Hudson County Market Report, the city has even more to brag about.
Emerging Markets Signal Potential Opportunity as Pure Properties Debut ‘South Hudson County Quarterly Report’
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.
12Page 2 of 2