2013 Apr 10th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of April 10th, 2013

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This Week’s Residential Property Sales & Activity:

223 active Hoboken listings:

  • 206 Condo & Co-op listings, compared to 187 last week
  • 17 Single- and multi-family listings, compared to 15 last week
  • 13 DABOs (Deposit Accepted By Owner i.e. under contract) vs 15 last week
  • 18 Sold vs. 16 last week
  • 69 New listings vs. 39 last week
  • 20 Price changes vs. 11 last week
  • 2 expired listings vs. 0 last week

1 Bedroom & Studio Properties

26 New listings

8 Price changes

86 Active listings

3 DABOs

 

  • 1015 Washington St., 5 listed Mar 20 for $365K;
  • 318-320 Park Ave., 2B listed Mar 9 for $459K;
  • 1125 Maxwell Ln., 512 listed April 9 for $720K;

3 Sold

  • 100 Clinton St., 5C listed May 9 for $250K; reduced Aug 28 to $240K; sold for $240K;
  • 307 Monroe St., 4 listed Sept 24 for $277K; sold for $276K;
  • 501 9th St., 301 listed Jan 18 for $415K; sold for $428K;

2 Bedroom Properties

27 New listings

10 Price changes

91 Active listings

7 DABOs

  • 744 Park Ave., 5 listed Mar 20 for $500K;
  • 500 Hudson St., 5B listed Mar 18 for $529K;
  • 729 Madison St., 4B listed Mar 21 for $530K;
  • 222 Grand St., 1H listed Jan 25 for $559K;
  • 915 Madison St., 6F listed Jan 10 for $570K;
  • 729 Madison St., 2H listed Mar 13 for $600K;
  • 1125 Maxwell Ln., 904 listed Jan 25 for $1.075M;
12 sold
  • 131 Monroe St., 3N listed Jan 12 for $403K; sold for $410K;
  • 420 Jefferson St., 4C listed Feb 27 for $439K; sold for $439K;
  • 807-809 Garden St., 4 listed Jan 23 for $449K; sold for $440K;
  • 501 Adams St., 1H listed Sept 16 for $489K; sold for $492K;
  • 518-520 Monroe St., 4A listed Sept 6 for $550K; reduced Oct 10 to $535K; reduced Dec 21 to $510K; reduced Jan 29 to $500K; sold for $494K;
  • 830 Monroe St., 3 C listed Jan 25 for $524K; sold for $525K;
  • 650 2nd St. 4F listed Jan 3 for $569K; sold for $538K;
  • 700 1st St., 6F listed Feb 14 for $545K; sold for $546K;
  • 331 Jefferson St., 3 listed Dec 18 for $589K; sold for $570K;
  • 1100 Adams St., 510 listed Jan 16 for $585K; sold for $575K;
  • 1500 Washington St., 10E listed Jan 20 for $899K; sold for $890K;
  • 1500 Hudson St., 11E listed Dec 20 for $950K; sold for $940K;

3 Bedroom & Bigger Properties

16 New listings

2 Price changes

36 Active listings

10 Multi-Family Active listings

3 DABO’s

  • 700 1st St., 9W listed Mar 25 for $600K;
  • 1249 Bloomfield St., listed Mar 21 for $1.30M;
  • 631 Garden St., listed April 8 for $2.30M;
3 sold
  • 125 Monroe St., 2 listed May 14 for $485K; sold for $499K;
  • 728 Bloomfield St., 3 listed Feb 27 for $825K; sold for $890K;
  • 618 Garden St., listed April 20, 2012 for $1.250M; sold for $1.185M;
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  1. hoboken

    not working…..

  2. JK

    wow.. 1/3 of the 2-bedroom sold was over asking… bidding war is returning..

  3. Gilby

    Finally we are starting to see more properties on the market. I don’t know what will mean for bidding wars. They’re not “returning” because we’ve had them for a stretch now; I think we might be just entering a phase where we have a healthy active market. 1K over asking doesn’t seem like a bidding war to me, it seems like someone just wanted to buy quickly and didn’t want to get into a negotiation.

  4. Andy

    But bidding wars mean no more buyers discount off of asking. May be that it ends up somewhere around the ask becomes the norm so long as realtors don’t get ahead of themselves over pricing a 2bd to get the listing.

  5. Lori Turoff

    They are not “bidding wars”. They are multiple offer situations. Just because something sells at asking (or even below) does not mean that there were not multiple offers.

    Realtors don’t price properties – sellers do.

    Personally, I’d rather that the seller underprice the listing as it makes it that much easier to sell. Are there realtors out there who will go along with a seller’s wish to price their unit above the market just to get the listing? Absolutely. But good realtors with lots of business don’t have time for that nonsense. There is nothing worse than an overpriced listing that doesn’t sell and a seller who blames you for it!

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