2011 Jun 9th

The Weekly Thursday Wrap Up – Downtown Jersey City Condo Sales & Activity for the Week of June 9th

Downtown Jersey City Condos Sales & Activity – Week of June 9th, 2011

Look Out Jersey City – We’re Coming Your Way!

Dirty Dishes in Sink
In the next week or two – as soon as we get the tech end of things worked out – we will be launching JerseyCityRENews.com.  Downtown Jersey City will have its own blog, a sister to HobokenRealEstateNews.com.  We will let you know when its up and running.

I did Howie a favor today, as he is typically the one who prepared the Jersey City weekly report, and did this for him.  My horror at seeing the details of the Downtown Jersey City listings is beyond words. What do you think of these actual photos from JC listings:stuff on bed

1.  Dirty Dishes in Sink

This is one of my favorites because not only do you get the clutter on the counter and the stuff on the stove but there is an excellent view of the dirty dishes in the sink.

2.   Bedroom

Another winner with an unmade bed and a good shot of the box spring.  Note the item of clothing tossed on top of the sheets.  Now come on, how hard is it for the agent who took this photo to clear off the bed?storage bins

3.  Storage Bins

I love this shot of the empty room except for the pile of storage bins in the corner.

The part of all this that I find most appalling is that the agency representing the seller in these photos (these units actually sold) and others just like them often make over $10,000 for their work on the sale.  Does this look like the quality of work that deserves that sort of compensation?  I know what I think but I wonder what you all think.

We see an opportunity in Jersey City to serve sellers.  We believe that if sellers are going to pay to have an agent representing them, they deserve outstanding representation and quality work of a professional caliber.  Look out Jersey City – we are coming your way!

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.  Information is deemed reliable but not guaranteed.

Studio & 1 Bedroom Downtown Jersey City Condos:

5 new listings

4 DABOs

2 Sold

4 price reductions

122 Total Active 1BRs

Two Bedroom Downtown Jersey City Condos:

12 new listings

5 DABOs

5 sold

7 Price Reductions

136 Total Active 2BRs

Three Bedroom and Larger Downtown Jersey City Condos:

3 new listings

1 DABO

none sold

2 price reductions

27 Total Active 3BRs

Hoboken and Downtown Jersey City Condo Open Houses

If you are in the market for a Hoboken or Downtown Jersey City condo, our Hoboken Open House Google Map is your best source for locating every open house. 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 (Hoboken only) 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. Craig

    Lori – I tend to agree with you that any agent getting paid that sort of money should be doing a better job than the pictures indicate. That said, the units sold as you noted, so the point is moot in this case. The pictured units appear old, outdated, and not high-end. The fact is, many buyers of such places won’t care about such minutea as dirty dishes or an unmade bed if they really love a place, the structure and fixtures themsleves are in acceptable condition, and the price is right. Now if you’re selling a half million and above dollar condo that looked like that, it would be a different story. Different buyer pool with different expectations.

    My condo was vacant and unstaged when I bought it – another supposed real estate no-no. But I loved it as soon as I walked in and the fact that it was empty and slightly messy by virtue of being vacant for months wouldn’t have stopped me from buying it. What would have stopped me from buying was if it was in bad shape, disgustingly filthy, or missing the higher-end features I desired and was expecting for the price the seller was asking. I put in my contract that the seller was to have the place cleaned and be spotless upon the transfer of ownership – and it was when I took possession. That was good enough for me.

  2. Lori

    Yes, the units sold but might they not have sold for MORE had they been marketed well? And how about the competency of the negotiations conducted by those agents on the sellers behalf?

  3. Tiger

    I am with Lori, even the oldest most outdated place will show better if it is clean and tidy. The place being outdated or old does NOT mean it is going to be sold for cheap. Niether does it mean that people looking at that condo do not care about cleaningness. Different people have different budgets. And hey, not everyone qualifies for FHA subsidy so forgive them for giving up on stainless steel and granite countertops.

    Making the bed, cleaning the dishes, getting rid of the towel on the stove, maybe putting some flowers on that table, would definetly make the place look nicer.

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