The New York Times’ real estate page focuses on Jersey City yet again, as they follow the Flints — a couple that went from renting in Williamsburg to living in Jersey City Heights.
“By the time we found something in Brooklyn, it was like 13 stops on the L, so we started to look at other places,” Ms. Flint said. They soon realized that Jersey City had a vibrant downtown with an accessible waterfront. It was also a short commute to Manhattan.
The couple ended up paying $385,000 for a house with 3 bedrooms, 2.5 baths, and a small yard on Jefferson Avenue in Jersey City Heights. Ms. Flint, who claims she still misses Williamsburg, compares her new neighborhood to “Greenpoint five years ago.”
Other interesting real estate bits:
On June 1, there were 529 residential properties on the market, according to JCity Realty. Median asking price was $399,000. However, listings are diverse and range from a 2-bedroom, 1-bath condo in Journal Square for $55,000 up to a 3-bedroom, 3-bath condo in downtown for $2.5 million.
Of the downtown condos sold in 2016, the median price was $670,000 (up from $583,500 in 2015), according to JCity Realty. The median price for a condo in Journal Square was $243,500 (up from $194,000 last year).
The median monthly rent in May for waterfront rentals was $3,000; the rest of downtown was $2,695; Journal Square was $1,825; and the Heights was $1,650. —NYT