The Jersey City Discount?

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It used to be that buyers priced out of Hoboken or who wanted more for their money could head over to Jersey City and get a bargain. 15% or sometimes more. With the new construction by Grove Street, in Paulus Hook and along the waterfront, those days are gone. For the sales in the last six months, Jeresy City was only a 6.7% discount to Hoboken. Wow. That’s not enough to make it a cheaper alternative. If you catch a motivated seller in Hoboken, you may be able to negotiate the difference to zero.

On the upside, Jersey City is an alternative for someone who wants the convenience of the amenities offered with the new construction

Hoboken Condos 2008
Avg sale price last 6 months
Hoboken $535k
Downtown JC $501k
Information deemed reliable but not guaranteed

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