Comments on: Hoboken Condo Sales Prices Hold Steady in April http://hobokenrealestatenews.com/2008/05/07/hoboken-condo-sales-prices-hold-steady-in-april/ Everything buyers and sellers need to know about Hoboken condos and homes. Tue, 06 Jan 2009 09:33:31 +0000 http://wordpress.org/ By: Lori Turoff http://hobokenrealestatenews.com/2008/05/07/hoboken-condo-sales-prices-hold-steady-in-april/#comment-189 Lori Turoff Wed, 28 May 2008 17:05:54 +0000 http://hobokenrealestatenews.com/2008/05/07/hoboken-condo-sales-prices-hold-steady-in-april/#comment-189 Hi Marc, While there is not a strict "formula" to calculate the value of outdoor space, it certainly does have value. A 700 sq. ft. patio is quite large! Typically, assuming we are talking about newer construction, a regular balcony is worth about $10,000. The units above the garage, usually the 2nd floor, with the large patios similar to what yours must be, add another $20,000 to the value of the unit. It does depend, however, on the exposure (sunny, shady), what you face, and who your neighbors might be, though. I'd be happy to come over and take a look if that would be helpful. Thanks! -Lori Hi Marc,

While there is not a strict “formula” to calculate the value of outdoor space, it certainly does have value. A 700 sq. ft. patio is quite large! Typically, assuming we are talking about newer construction, a regular balcony is worth about $10,000. The units above the garage, usually the 2nd floor, with the large patios similar to what yours must be, add another $20,000 to the value of the unit. It does depend, however, on the exposure (sunny, shady), what you face, and who your neighbors might be, though.

I’d be happy to come over and take a look if that would be helpful.
Thanks!
-Lori

]]> By: Marc Granito http://hobokenrealestatenews.com/2008/05/07/hoboken-condo-sales-prices-hold-steady-in-april/#comment-184 Marc Granito Tue, 27 May 2008 15:05:26 +0000 http://hobokenrealestatenews.com/2008/05/07/hoboken-condo-sales-prices-hold-steady-in-april/#comment-184 Quick question. My unit is just over 1400 square feet and the patio is around 700 square feet. Is there any formula that you would use to count the outdoor space when looking at a price per square foot? Quick question. My unit is just over 1400 square feet and the patio is around 700 square feet. Is there any formula that you would use to count the outdoor space when looking at a price per square foot?

]]> By: Lori Turoff http://hobokenrealestatenews.com/2008/05/07/hoboken-condo-sales-prices-hold-steady-in-april/#comment-138 Lori Turoff Sun, 11 May 2008 16:33:50 +0000 http://hobokenrealestatenews.com/2008/05/07/hoboken-condo-sales-prices-hold-steady-in-april/#comment-138 Matt Here are the numbers for this year, last year and the prior year: Avg. Sales Price April '08 564,564 '07 533,055 '06 578,573 $ per sq. ft. April '08 519 '07 512 '06 532 Days on market April '08 70 '07 82 '06 62 Matt
Here are the numbers for this year, last year and the prior year:
Avg. Sales Price April
‘08 564,564
‘07 533,055
‘06 578,573

$ per sq. ft. April
‘08 519
‘07 512
‘06 532

Days on market April
‘08 70
‘07 82
‘06 62

]]> By: Lori http://hobokenrealestatenews.com/2008/05/07/hoboken-condo-sales-prices-hold-steady-in-april/#comment-131 Lori Sat, 10 May 2008 18:23:58 +0000 http://hobokenrealestatenews.com/2008/05/07/hoboken-condo-sales-prices-hold-steady-in-april/#comment-131 Matt, Yes - I'm out of town but I'll post it as soon as possible - hopefully tomorrow. Lori Matt,
Yes - I’m out of town but I’ll post it as soon as possible - hopefully tomorrow.
Lori

]]> By: Matt http://hobokenrealestatenews.com/2008/05/07/hoboken-condo-sales-prices-hold-steady-in-april/#comment-129 Matt Sat, 10 May 2008 14:48:16 +0000 http://hobokenrealestatenews.com/2008/05/07/hoboken-condo-sales-prices-hold-steady-in-april/#comment-129 Can you do a comparison to the last 2 years like you did last month? Can you do a comparison to the last 2 years like you did last month?

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