2011 Jan 26th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of January 26th

Hoboken Condos Sales & Activity – Week of January 26th, 2011

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Hoboken Condo Inventory Levels Hold Steady

Despite the anticipated flood of new listings at the start of the new year, the past few weeks have shown little change in number of units on the market. That’s good news. The snow just keeps piling up, making it difficult for buyers to go out looking at properties. Hey, that is why we have the internet! Speaking of which –

Trulia Sucks!mobile app

Excuse my language but it’s true. Their data feed is outdated and their technical abilities pathetic. Designed for single family houses in the ‘burbs, evidently they can’t discern which unit in a multi-unit condo building is which. They combine new listings with old, get the days on market wrong, mix up agents and agencies and always have properties listed as active which have long been under contract. It takes them 48 hours to let me change a photo or property status. Really? 48 hours in today’s tech world? That is eons.

It makes it very frustrating for buyers when they bring me a listing they found on Trulia only to learn the property is no longer for sale or the price is wrong. Similarly, my sellers don’t appreciate when their brand new listing shows up as 245 days on the market. So what should you do?

While the user interface may not be as pretty, realtor.com is the site affiliated with the National Association of Realtors. The data is good – it comes straight from the MLS. It’s updated every 15 minutes. It’s accurate. Moreover, they have a mobile app that is fantastic. So if you want to look on your own, use realtor.com. I’m not a big fan of the NAR making big profits off its own members (which is exactly what realtor.com is all about) but for you, the consumer, it’s the best site out there.

Here is this week’s condo sales report:

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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:

4 new listing

1 Dabo

3 Sold

7 price reductions

134 Total Active 1BRs

Two Bedroom Hoboken Condos:

18 new listings

4 Dabos

8 sold

7 price reductions

189 Total Active 2BRs

Three Bedroom and Larger Hoboken Condos:

1new listing

2 Dabos

None sold.

1 price reduction

37 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. carl

    In general how is Adams st in Hoboken. Is it too far west? Too close to bad areas of Hoboken

  2. Lori Turoff

    Carl – you should go to google street view and take a virtual tour of Hoboken. It’s pretty amazing and will give you a better sense of the neighborhood.

  3. carl

    ok That really won’t help but thanks anyway. Was hoping that I could get some info from residents that actually live in Hoboken

  4. Lori

    The only thing Hoboken residents seem to agree on is that we all ahve different opinions of what is “too far west”. Also, where on Adams? Adams & Newark? Adams & 6th? Adams & 13th? They differ greatly. You really need to spend some time here and judge for yourself.

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  6. Tiger

    I live on Adams and I personally think it is a good spot; a few blocks from Washington, yet you can find parking on the street. I’ve walked around there around 3 and 4 am (sometimes staying up too late, or waking up too early) and never once felt unsafe.

    But I am bias because I live there.

  7. carl

    thanks Tiger

    I assume that Jackson is considered too far west by all hoboken residents except for people that live on Jackson

  8. Craig

    I live on Adams bet. 3rd & 4th. The neighborhood is quiet, safe, and within reasonable distance to the PATH (less than 15 minute walk). You get much more for your money than closer to the water and much of the newer construction in town can be found here. As someone who needs to be close to the PATH and the heart of Hoboken, being no further north than 5th street is preferable. Also, I personally wouldn’t live further west than Madison.

    If you’re looking to buy or rent and want the best value for your dollar along with a safe neighborhood, nice wide streets, and convenient distance to everything, Clinton, Grand, Adams, and Jefferson streets south of 5th are the best areas in town IMHO.

  9. JC

    Does anybody know the deal with why the Zephyr lofts have lost so much value what seems relative to JC/hoboken? I can only assume many investors who own walking away, failting to pay HOA, etc…. thanks in advance.

  10. Andy

    JC, is that the building next to 700 Grove? I can’t imagine anyone wanting to live there unless there was a housing shortage. If you let your sight drift down you have a lovely view of a rail yard and the joy of living next to trains as they clang into the station on a regular basis. The only way those buildings could recover value is if they cover over the entire rail yard alla penn station. Plus the traffic congestion in that area other than off hours is a nightmare.

  11. Lori

    That is the building 😉 I think the traffic is more of an issue than the trains. Personally I like trains but maybe that’s cause my Dad worked for the railroad when I was a little kid and I’ve traveled by train quite a bit. I have heard there are also water leak problems at the Zephyr. The building has quite a history. It was a halfway-built empty shell for a long time. Those were supposed to be balconies but got glassed in ultimately. Maybe that wasn’t such a great idea?

  12. Craig

    I was told Zephyr Lofts is having some major structural problems and other issues – as a result there are huge special assessments on the units to cover it. When I inquired about looking at it because of the unsually cheap prices, my agent (who is a close personal friend) made a point of telling me to not even think about buying in that building. She steered me away from a few other buildings too that shall remain nameless here.

    You all remember that old adage: If something appears too good to be true, it usually is.

  13. ms

    I lived at 333 River St. for many, many years. Years of wasted rent. The entire time I lived there I never ventured past Washington St. much. I moved to Adams St. to live with my man about 5 years ago (6th and Adams) and I’ll tell you this, Adams St. is more of Hoboken then then being close to the river. Love the local pubs. Love the local bakery and deli. Parking is rarely an issue (except in on summer Sunday nights when everyone and there mother is returning for the shore). I love this area and highly recommend it. Oh yeah… you can catchh the HOP all the time. Cheap way to the path.

  14. Tiger

    ms, thank you! Well said! Like you I enjoy the nearby places (Willie Mcbride, backyard bistro, gaslight, etc…) and I second the point about parking; when I had a car I never found a problem parking. Being on 7th and Adams, I am not going to claim that it is 10 minute walk to PATH, however it is still VERY walkable; it’s not like living on the NW corner of town.

    Add to that the ultra-convinient lightrail, shoprite, and my gym (Club KO) and this area is spot on, at lest for me

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