The Hoboken Weekly Wednesday Wrap Up for the Week Ending April 18
Categories: Hoboken Condos
Fewer new listings this week. Maybe the Spring rush to market has already sprung? Overall, inventory remains fairly low with under a hundred condos for sale total. I remember very clearly the days of over 500! Don’t we all wish we had bought them up back then…
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As of April 18th, 2018:
- 205 active Hoboken listings
- 188 Condo & Co-op listings, compared to 185 last week
- 26 Single-family and Multi-family compared to 27 last week.
This Week’s Residential Property Sales & Activity:
- 17 Pending (Deposit Accepted By Owner and Under Contract) vs 19 last week
- 21 Sold vs 15 last week
- 27 New vs. 45 last week
- 23 Price changes vs. 10 last week
- NOTE – the new convention is for agents to withdraw and re-list properties so the “days on market” clock resets and the price change does not show up in the MLS history. It would simply be too time-consuming for me to track every one of these “price changes” manually to include in this weekly report. If you are curious about a particular property, we will be happy to research it for you if you let us know.
Studio & 1-Bedroom Properties
74 Active
9 New
5 Pending
- 711 Willow 3C, listed 3/22 for $399k.
- 115 Willow 3R, listed 4/5 for $425k.
- 608 Madison #4, listed 3/21 for $439k.
- 501 9th #513, listed 4/4 for $574k.
- 1200 Grand #623, listed 4/3 for $737k.
4 Sold
- 326 Madison #4, listed 2/6 for $379k, sold for $392k.
- 533 Monroe 1A, listed 2/8 for $379k, sold for $399k.
- 551 Observer 12F, listed 2/1 for $549k, sold for $581k.
- 80 Bloomfield 3B, listed 2/22 for $630k, sold for $620k.
2-Bedroom Properties
66 Active
13 New
6 Pending
- 116 Willow #6, listed 4/2 for $399k.
- 933 Willow 2R, listed 4/5 for $605k.
- 70 Adams 2A, listed 4/5 for $675k.
- 608 Monroe #D, listed 3/21 for $750k.
- 129 Harrison #5, listed 4/12 for $849k.
- 109 Harrison #301, listed 3/22 for $999k.
- 323 Jackson 601, listed 2/13 for $550k, sold for $565k.
- 222 Monroe 1S, listed 2/26 for $599k, sold for $610k.
- 811 Willow #4, listed 2/8 for $589k, sold for $610k.
- 1106 Park 1L, listed 3/14 for $639k, sold for $668k.
- 700 1st #16Q, listed 2/11 for $839k, sold for $839k.
- 610 Madison #2, listed 2/1 for $869k, sold for $869k.
- 222 Clinton 19, listed 2/21 for $1.05mil, sold for $1,04mil.
- 109 Grand #205, listed 11/22 for $1,2mil, sold for $.075mil.
- 1125 Maxwell 654, listed 1/11 for $2.6mil, sold for $2.53mil.
3-Bedroom & larger Properties
48 Active
5 New
2 Pending
- 218 Jackson #8, listed 3/13 for $660k.
- 128 Harrison #202, listed 3/2 for $1.125mil.
- 1500 Hudson – Eli Manning’s place! Listed 3 years ago for around $5.2mil. Finally sold for $3.55mil. Ouch.
The information provided in this private transmission is only for the personal, non-commercial use of you, the consumer. It may not be reproduced or distributed in any manner. It may not be used for any purpose other than to identify prospective properties you the consumers may be interested in purchasing or renting.
Sales numbers rounded up for convenience. Information is deemed to be reliable but not guaranteed.
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Zillow getting into the Home Buying and Selling Game
Categories: Hoboken Condos
The real estate business is going through a huge change. It has not hit Hoboken yet, but fear not – it’s coming. Zillow is capitalized at over $9 billion. That’s a lot of chedda! They just announced that they are entering the “iBuyer” game. You may not know what that is, yet, but you will. Basically, the home seller will complete an information sheet about the property they wish to sell. Zillow will price it and make an instant offer. The entire transaction will be handled electronically (Zillow bought the transaction management software company, DotLoop, which we realtors all use). Then Zillow will turn around and sell the home on-line. They already rolled out a test in Orlando and Las Vegas and now they are expanding into other markets. Zillow claims agents will be involved in the process though it’s not clear how. What is crystal clear is that Zillow will charge those agents a hefty fee to participate. Time will tell if this will be successful but I bet it is just a matter of time. Stay tuned!
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The Weekly Wednesday Wrap Up for the Week of April 11th
Categories: Hoboken Condos, Weekly Wednesday Wrap Up
If you’d like to receive an email with this information please fill out the form below. If you give us a fake email address, it’s not going to work. Please be patient as it is not an automated system. I manually send it to you and if I’m on an appointment or it is the middle of the night, it may take a little while but, I promise, you will receive it complete with links. Thanks for your understanding!
Activity has been pretty constant this week. Things may change if the weather ever turns warm! In some local real estate news, Mayor Bhalla is hosting a community meeting on what to do with the not-very-attractive “Multi Service Center” at 124 Grand. April 26 at 6pm – too early for most people who work to attend.
As of April 11th, 2018:
- 205 active Hoboken listings
- 185 Condo & Co-op listings, compared to 186 last week
- 27 Single-family and Multi-family compared to 26 last week.
This Week’s Residential Property Sales & Activity:
- 24 Pending (Deposit Accepted By Owner and Under Contract) vs 19 last week
- 15 Sold vs 10 last week
- 45 New vs. 37 last week
- 10 Price changes vs. 9 last week
- NOTE – the new convention is for agents to withdraw and re-list properties so the “days on market” clock resets and the price change does not show up in the MLS history. It would simply be too time-consuming for me to track every one of these “price changes” manually to include in this weekly report. If you are curious about a particular property, we will be happy to research it for you if you let us know.
Studio & 1-Bedroom Properties
72 Active
19 New
9 Pending
- 235 Monroe #12, listed 3/19 for $259k.
- 130 Adams #5, listed 3/19 for $340k.
- 309 1st St. 3A, listed for $359k.
- 79 Madison 3B, listed 3/30 for $359k.
- 625 Willow 2L, listed 2/13 for $460k.
- 117 Clinton 1F, listed 4/4 for $499k.
- 117 Bloom 4B, listed 3/28 for $505k.
- 501 9th St #513, listed 4/4 for $574k.
- 930 Park #4, listed 4/2 for $599k.
5 Sold
- 101 Willow 4C, listed 1/25 for $329, reduced to $299k, sold for $286k.
- 711 Willow 2H, listed 1/25 for $379k, sold for $415k.
- 725 Washington #9, listed 11/17 for $399k, sold for $415k.
- 228 Bloom #4, listed 1/19 for $489k, sold for $489k.
- 700 1st 15L, listed 1/18 for $585k, sold for $595k.
2-Bedroom Properties
63 Active
13 New
14 Pending
- 933 Willow 4A, listed 4/5 for $589k.
- 507 Garden #1, listed 3/22 for $600k.
- 906 Washington #D, listed 4/4 for $645k.
- 551 Observer 10C listed 3/16 for $650k.
- 72 Garden 5R, listed 3/16 for $699k.
- 1000 Hudson #108, listed 1/19 for $749k.
- 608 Monroe #D, listed 3/21 for $750k.
- 610 Newark 9F, listed 2/13 for $860k, reduced to $825k, reduced to $795k.
- 618 Madison #1, listed 3/22 for $849k.
- 634 Park #1, listed 3/9 for $975k.
- 15oo Washington 12B, listed 3/2 for $1.085mil.
- 1125 Maxwell 435, listed 1/10 for $1.325mil, reduced to $1.269mil, reduced to $1.15mil.
- 1500 Garden 2F, listed 3/16 for $1.815mil.
- 313 1st PH listed 8/15 for $2.47mil, reduced to $2.375mil., reduced to $2.25mil.
- 519 Willow #7, listed 2/7 for $489k, sold for $489k.
- 513 Jeff #4, listed 1/18 for $560k, sold for $568k.
- 913 Willow 4B, listed 10/24 for $739k, reduced to $699k, reduced to $680k, sold for $680k.
- 1100 Adams 301, listed 2/13 for $775k, sold for $787k.
- 1315 Washington 1B, listed 11/7 for $850k, reduced to $825k, sold for $820k.
- 615 Adams 4B, listed 12/4 for $899k, sold for $840k.
- 264 5th St 3A, listed 2/8 for $900k, sold for $950k.
- 1022 Hudson #G, listed 1/13 for $999k, sold for $985k.
- 1100 Maxwell #1109, listed 12/27 for $1.3mil, sold for $1.277mil.
3-Bedroom & larger Properties
50 Active
14 New
5 Pending
- 800 Jackson #914, listed 3/27 for $900k.
- 926 Garden #2, listed 3/14 for $1.175k.
- 306 Park #3, listed 3/7 for $2.05mil.
- 718 Jefferson #3, listed 1/10 for $2.15mil.
- 310 Hudson #1, lsited 12/14 for $2.6mil.
- 208 Bloomfield #1, listed 9/22 for $2mil, sold for $1.925mil.
Sales numbers rounded up for convenience. Information is deemed to be reliable but not guaranteed.
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