JERSEY CITY-Despite popular wisdom that rentals dominate the housing market, condominiums are selling in New Jersey, says the marketing team for The Residences at Dixon Mills, the conversion of a pencil factory into 467 homes here.
With 266 units purchased (including 10 in October), the project is more than 50% sold, and eight new floor plans are being introduced, says Jodi Stasse, president of Stasse & Co., the Princeton, NJ-based sales and marketing agent for the project.
“We’re targeting first-time homebuyers and had incredible velocity,” Stasse tells GlobeSt.com. “Real estate is still a very wise investment. For the first-time homebuyer who is planning on spending more time in that home, it’s a longer-term vision.”
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