2008 Jul 30th

The Weekly Wednesday Wrap-Up – Hoboken Condos For Sale, Under Contract & Sold

Studio & 1 Bedroom Condos:

12 units sold for an average sale price of $391,895Click Here to View Sold Listings

71 units under contract –   Click Here to View Dabo Listings

8 new listings –  Click Here to View New Listings

Two Bedroom Condos:

10 units sold for an average sale price of $526,100

Click Here to View Sold Listings

111 units under contract – Click Here to View Dabo Listings

14 new listings –  Click Here to View New Listings

Three Bedroom and Larger Condos:

none sold

12 under contract – Click Here to View Dabo Listings

no new listings

  1. JT

    Hey Lori – my wife and I have been stalking those buildings across from elysian park and we see a 3 BR just went into contract. We didn’t even see it came on the market! How long was it listed and who was listing it??? Thanks!

  2. Lori

    JT – You just made me realize something very strange. If you look at the listing, it is from 2006. When I pull the ‘under contract’ properties from the MLS without using any date parameters, I get results that include very old listings. I’m not 100% sure how this happens but I suspect if an agent changes the status to “dabo’d” but the deal falls through the listing stays in the system as “dabo’d” unless the agent remembers to go back in (and fill out some forms) and change the status to withdrawn. So the ‘under contract’ results include a bunch of listings that are out of date. You can tell very quickly by looking at the MLS numbers because the 7000 and 6000 series are from prior years. We are now into the 8000’s. Sorry for the bad info but I thank you for bringing it to my attention. I’ll see if I can figure out a way to filter the under contract list to just current listings.

    There are always units coming up on Hudson Street but because of it’s prime location, views, proximity to Elysian Park and the historic detail of many of the buildings they do tend to sell pretty quickly, even when they are walk-ups (which most are).

    If that is what you are looking for a good agent who knows how to use technology to provide service to his or her customers (like me) should be able to send you automatic alerts so the day the property hits the MLS.

  3. stan

    Great Info.

    very surprised that someone spent 1/2 a million on that place at 5th and Jackson. Wow. Just wow…..

  4. Doug

    Why are you surprised about the place on 5th and Jackson. I know its not a great location, but there are lots of people that are choosing a nicer unit over a nicer location. I used to live on Hudson St. in an old brownstone…I can tell you that I’d NEVER do that again. Yes, those places may have “charm” and be in a better location, but I would chose a newer, nicer unit in a crappy (still in Hoboken though) location anyday.

  5. Lori

    My husband/business partner showed a unit on the 100 block of Jackson last night that was one of the nicest he’s seen in years in all of Hoboken. I often tell buyers – there is going to have to be a compromise. Among price, location and condition, something is not going to be perfect. Different people have different priorities and to some, prime location is the thing they are willing to give up in exchange for an amazing unit at a good price. If we all wanted the same unit none of us would ever be able to afford it.
    – Lori

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