2015 Aug 29th

The Hoboken & Downtown JC Open House Google Map for Saturday, August 29th & Sunday, August 30th, 2015

The Original and Best Open House Google Map!

Courtesy of the Turoff Realty Team

No need to register! No form to fill out!

Just click on the map below to see every Open House in Hoboken this weekend:

hoboken-open-house

Click HERE to see the Downtown Jersey City Open House Map

When you look at the maps, place markers are color coded:

  • Studios & 1BRs are red
  • 2BRs are green
  • 3BRs & Bigger are yellow
  • New listings are marked with a Push Pin icon (in the same color scheme.)

Click the “Address”, “Price” “Bed” or “Details” columns to sort the list of open houses in ascending or descending order.

Click on the location marker for:

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Posted by Nathan Turoff | Currently No Comments »

2015 Aug 26th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of August 26th, 2015

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As of August 26, 2015:

  • 141 active Hoboken listings
  • 118 Condo & Co-op listings, compared to 118 last week
  • 15 Single-family listings, compared to 15 last week
  • 8 Multi-family listings, compared to 8 last week


This Week’s Residential Property Sales & Activity:

  • 11 DABOs (Deposit Accepted By Owner and Under Contract) vs 15 last week
  • 18 Sold vs 15 last week
  • 20 New listings vs. 17 last week
  • 3 Price changes vs. 5 last week
  • 0 expired listings vs. 1 last week


Studio & 1-Bedroom Properties

32 Active listings

8 New listings

2 Price changes

3 DABOs

  • 533 Monroe St., 5D, listed July 23 for $330K; reduced Aug 10 to $320K;
  • 117 Clinton St., 2RS listed Aug 14 for $418K;
  • 1450 Washington St., 218 listed Jul 8 for $699K;

2 Sold

  • 533 Monroe St., 2A listed May 15 for $350K; reduced Jun 12 to $310K; sold for $300K;
  • 413 1st St., 2R listed Jun 26 for $400K; sold for $409K;


2-Bedroom Properties

57 Active listings

10 New listings

1 Price change

6 DABOs

  • 717 Willow Ave., 9 listed Jun 11 for $550K; reduced Jul 11 to $525K;
  • 551 Observer Hghwy., 3C listed Aug 18 for $535K;
  • 801 Willow Ave., 1R listed Aug 11 for $535K;
  • 825 Washington St., 2B listed Aug 8 for $590K;
  • 700 1st St., 5P listed Aug 12 for $639K;
  • 1022 Hudson St., 1 listed Aug 10 for $899K;


9 Sold
  • 133 Grand St., 1 listed July 9 for $419K; sold for $470K;
  • 700 1st St., 10V listed Jun 5 for $589K; sold for $595K;
  • 420 Hudson St., 3 listed Jun 19 for $649K; sold for $649K;
  • 1004 Willow Ave., 1 listed Jun 3 for $700K; sold for $695K;
  • 77 Jefferson St., 4 listed May 14 for $729K; sold for $715K;
  • 211 Madison St., 1 listed Jun 10 for $695K; sold for $725K;
  • 325 Adams St., 7 listed Jun 5 for $785K; sold for $785K;
  • 600 Hudson St., 5A listed July 15 for $875K; sold for $875K;
  • 1450 Washington St., 405 listed Mar 20 for $999K; sold for $960K;


3-Bedroom & Larger Properties

27 Active listings

2 New listings

0 Price changes

8 Multi-Family Active listings

15 Single-Family Active listings

2 DABOs

  • 123 Monroe St., 3 listed July 10 for $759K; reduced Aug 11 to $749K;
  • 1107 Grand St., 2A listed Aug 10 for $925K;

7 Sold

Posted by Nathan Turoff | Currently No Comments »

2015 Aug 26th

Are They Negotiable? When It Comes to Hoboken Condos, Not Much.

Can I get that Hoboken condo for less than asking price?

I get asked this question a lot.  Buyers see a list price and think they are going to be able to buy the property for significantly less than the asking price.  Some still think they are going to get “a deal”.  Overall, Hoboken condos are selling for more than the asking price.  Why is that, you might wonder?  Because there is simply not adequate inventory of nice properties to fill the constant demand for them.

Final and Best – Again

Almost every desirable condo – you know the ones, the two or more bedrooms, good light, washer/dryers and nice kitchens, in buildings with elevators and parking, or the one bedrooms with charm near the PATH, sells for over asking.  It has become the new normal in Hoboken.  Sellers receive offers from multiple buyers.  At their agent’s advice, the seller will typically call for all buyer’s “final and best” offer by a certain deadline and choose which one they will accept.  Smart agents advise the buyer that a bid significantly over the list price is what will secure the property in these multiple bid situations.  No, the buyers don’t have any idea what each other is bidding 99% of the time.

Making Snap Decisions

Which leads to another issue.  A buyer basically has to walk into a property and make an instant decision as to whether to make an offer.  There is no more looking at a bunch of nice places, going home to discuss and think about it and then a week later making an offer.  If the property is really nice, it will most likely be gone by that time.  But what buyer is ready to bid on the first place they see?  Very few.  Which is why it is so crucial for buyers to go and look at as many places as possible.  This gives you a basis from which to make a value judgement.  So when you do see that great place, you have something against which to measure its worth and make an informed decision to buy.

Posted by Lori Turoff | Currently 2 Comments »

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