2011 Apr 13th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of April 13th

Hoboken Condos Sales & Activity – Week of April 13th, 2011

Almost every day someone asks me “how is the market doing“?  To me, the answer if pretty clear – prices are still headed downward.   barrel
Which is why it always amazes me to see sellers asking for what they paid for their condo back in ’06 or ’07 without having done any real renovations or other work to justify the price.  Even if they were to be so lucky as to get a buyer to bite, what do you think is going to happen when the appraisal takes place?  The property doesn’t appraise and the sales price gets renegotiated because the bank won’t make the loan.  When that does happen,  the sellers are in a bind.  They’ve taken their place off the market, probably committed to buying another residence and have made plans to move on with their lives.  The buyers have them over a barrel.

Here are the March 2011 Hoboken condo sales results:

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:

21 new listing

3 Dabos

1 Sold

5 price reductions

151 Total Active 1BRs

Two Bedroom Hoboken Condos:

20 new listings

9 Dabos

5 sold

11 price reductions

191 Total Active 2BRs

Three Bedroom and Larger Hoboken Condos:

4 new listings

1 Dabo

1 Sold

3 price reduction

38 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 eee new listings and price reductions each weekday in either 1br, 2br or 3br categories just email us at info@hobokensbest.com letting us know which size(s) you would like and we’ll add you to the  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. Tiger

    LMAO! Check out this site:

    http://uglyhousephotos.com/

    I ran into it by mistake looking for vintage 1960s ads. Can’t stop laughing!

  2. Lori

    I’ve seen that before. I’ve even considered making a site just for Hudson County but I’d be afraid to walk around town. There are many atrocious photos, many listings without photos at all, and many incompetent agents. The upside of the down market is that they will soon be looking for a new job, if they are not already.

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