2010 Nov 17th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of November 17th

Hoboken Condos Sales & Activity – Week of November 10th

The holidays are clearly upon us.  Inventory is down but new listings have slowed to a dribble.  People are thinking about things other than selling their home right now.  Buyers are still of the mind that they want a “bargain”.  No matter where the property is priced, they perceive it to be a bargain if they get it for way less than list.  The problem with that mindset is that it ignores whether the property is priced high, priced well, or even under priced.    You need to look at the recent sales of similar properties and see how the list price of the property for sale compares.  Remember to adjust those sales prices for any current market movement so, for example, if the market on average is down 5% over the past 6 months, discount the closed sale price from 6 months ago by 5% to get today’s value.  A bargain means you paid less than the actual value, not less than the asking price.

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We were in this Saturday’s Hoboken Reporter – page 25.  Other news in Hoboken – Bloomberg’s talk of extending the No. 7 Subway line to Secaucus.  No mention of a stop in Hoboken, though.  scan0001

Disclaimer:  The data relating to real estate transactions on this web site comes in part from the Hudson County MLS.  While some of these listings are, in fact, our listings they are not ALL our listings nor do we hold them out as such.   Century 21 Listings are identified with “C21″ after the address. Other listings are from the MLS and are identified with “MLS” after the address.  Information is deemed reliable but not guaranteed.

Studio & 1 Bedroom Hoboken Condos:

6 new listings

3 Dabos

3 Sold

8 price reductions

165 Total Active 1BRs

Two Bedroom Hoboken Condos:

10 new listings

4  Dabos

5 sold

16 price reductions

237 Total Active 2BRs

Three Bedroom and Larger Hoboken Condos:

no new listings

3 dabos

3  sold

7 price reductions

43 Total Active 3BRs

Hoboken Condo Open Houses

If you are in the market for a Hoboken condo, our Hoboken Open House Google Map is your best source for locating every open house in Hoboken. It is the single, most complete listing available and we were the first ones to do it. We compile the information by hand from all possible sources to provide you with all the information you need in one spot. It’s posted on Friday every week.

Want to Receive New Listings & Price Reductions Daily?

If you would like to be emailed the new listings and price reductions each weekday in either 1br, 2br or 3br categories just email us at [email protected] letting us know which size(s) you would like and we’ll add you to the daily email list.

For more information you can always contact us at 201 993 9500.

Thanks for reading and, as always, we welcome your comments!

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  1. Pergeanne

    As an appraiser I am very aware of poor or lakicng data on MLS information sheets. I am in central Wisconsin and some data, such as age of a property, is only availabe from assessors who mostly work out of their homes and do not have web sites. When we get orders with short turn times we sometimes can’t find the assessor. It is such a simple process for brokers, who typically have weeks of time to get this info prior to sale but do not bother. We also have a problem with brokers referring to manufactured homes as one story and no mention that it is a manufactured home because they do not want buyers to shy away from them.

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