The Weekly Wednesday Wrap-Up – Hoboken Condo Sales and Activity for the Week of April 11th, 2012
Categories: For Buyers, For Sellers, Hoboken Condos, Market Analysis, Weekly Wednesday Wrap Up
This Week’s Condo Sales & Activity versus last week’s:
254 active Hoboken condo units – vs. 235 last week
- 8 DABOs (Deposit Accepted By Owner i.e. under contract) vs.11 last week
- 13 Sold vs. 16 last week
- 34 New listings vs. 27 last week
- 10 Price changes vs. 16 last week
- No expired listings vs. 1 last week
1 Bedroom & Studio Condos
9 New listings
4 Price Changes
95 Active
2 DABOs
- 118 Jefferson St., 3L listed Nov 17 for $229K;
- 222 Grand St., 1B listed Mar 5 for $400K;
2 Sold
- 160 2nd St., 2 listed Sept 8 for $250K; sold for $219K;
- 706 Willow Ave., 1R listed Feb 7 for $325K; sold for $330K;
2 Bedroom Condos
19 New listings
4 Price changes
131 Active
4 DABOs
- 509 Madison St., 4B listed Feb 23 for $440K;
- 109 Jackson St., 5D listed Mar 20 for $497K;
- 904 Jefferson St., 2K listed Feb 27 for $595K;
- 727 Jefferson St., 2 listed Feb 17 for $640K;
10 Sold
- 700 1st St., 3D listed Oct 24 for $440K; sold for $430K;
- 953 Bloomfield St., 4 listed Jan 16 for $459K; reduced Feb 17 to $449K; sold for $435K;
- 1325 Adams St., 605 listed Jan 10 for $499K; sold for $475K;
- 904 Jefferson St., 5F listed Jan 9 for $516K; reduced Jan 31 to $500K; sold for $490K;
- 800 Jackson St., 508 listed Feb 7 for $515K; sold for $498K;
- 452 2nd St., 4 listed Feb 13 for $519K; reduced Feb 17 to $499K; sold for $505K;
- 800 Jackson St., 706 listed Sept 7 for $538K; sold for $555K;
- 402 9th St., W5C listed Feb 6 for $599K; sold for $585K;
- 605-607 Willow Ave., 4A listed Jan 20 for $629K; sold for $605K;
- 833 Willow Ave., 4 listed Jan 11 for $729K; sold for $690K;
3 Bedroom & Bigger Condos
6 new listings
2 Price changes
28 Active
- 1103 Washington St., 8 listed April 1 for $489K;
- 603-607 Monroe St., 9 listed Mar 29 for $845K;
- 833 Willow Ave., 2 listed Jan 11 for $719K; sold for $700K;
| Currently Comments Off
Why It Pays To Make That Hoboken Condo Your Own
Categories: Design, For Sellers, Hoboken Condos
Interesting question from a reader:
For new construction in large buildings, is value enhanced for differentiating one unit from the others by installing or upgrading things like a kitchen backsplash, new flooring and getting rid of “Broadway” lighting?
My answer – absolutely!
I’m shocked at how few new construction units even have a backsplash in the kitchen. Most are just sheetrock waiting to be splattered with water and grease. I’m stunned that builders are still putting “Broadway” bulbs in a bathroom and then have the nerve to call it a ‘luxury’ condo. I’m amazed that every kitchen in Toll Brothers units are basically identical – same old cabinets, in the same color, with the same countertops and knobs.
Make it your own! Those upgrades are a relatively small cost to an individual purchaser but leaving them out of hundreds or thousands of units adds up to a huge savings to a builder like Toll.
Here are some very simple guidelines I would suggest if you are going to make changes.
- Stick to neutrals. If you think you want to sell at some point, you want your home to appeal to a wide audience. Going for a really quirky style may put your stamp of personality on your property but may be a turn-off to future buyers. One of the biggest mistakes I see sellers make is refusing to repaint their homes a neutral color. Paint is extremely cheap and color has an enormous influence on people.
- Stick to classics. What’s à la mode today may look extremely dated in 5 years. Pick a style that will endure, not the latest fad. Those counter-mounted vessel sinks looked new a few years ago, now they are starting to look silly. I’ve yet to turn on the water in one without having it splash all over me.
- Stick to quality. Better to pay a bit more now for something well made than skimp and end up with wear and tear in the near future. Not only that, better brands will stand behind their product. I just hung up with Kohler because the hot water faucet in my sink was leaking. They are sending me a new one, for free.
Another area where you can get huge bang for your buck is in improved lighting. If you can install recessed ceiling lighting or, at least, decent ceiling surface-mounted fixtures, do it. Beyond that, though, if you do some research on lighting or go to a good lighting store, you can learn about ambient and accent lighting which really makes a difference in the feel of a space.
Similarly, most new condos in Hoboken offer a slab of mirror over a sink and call that a finished bath. Go to Restoration Hardware, Waterworks or Simon’s in the city and get a good quality mirror, lights, sconces and matching accessories. Other small touches that make a big difference include light switch and socket covers, door knobs, closet shelves and organizers, window treatments and, my favorite new addition to my home – a really cool thermostat that learns when you’re home and when your not and then self-adjusts. Or you can just do it with your phone.
| Currently 2 Comments »
The Weekly Wednesday Wrap-Up – Hoboken Condo Sales and Activity for the Week of April 4th, 2012
Categories: For Buyers, For Sellers, Hoboken Condos, Market Analysis, Weekly Wednesday Wrap Up
Here’s what I’ve seen this week:
- Multiple offers on a 5th-floor walk-up after three days on market;
- Multiple offers on a 3-bedroom unit on Monroe with no parking or elevator, nine days on market;
- 11 (!) offers on a very ordinary, third-floor walk-up on Willow Ave., 16 days on market;
- An offer on a 2br plus den in a Metrohomes building after 6 days with more sure to come;
Here’s what you’ve seen in the past several weeks, if you’re studying the figures in the Wrap-up:
- Fewer days on the market from ‘new’ to ‘DABO’;
- Fewer reductions–they are now officially the exception, not the rule–between listing and ‘DABO’;
- Smaller discounts between ‘DABO’ and ’sold’;
- The occasional increase between ‘DABO’ and ’sold’
The other day a new buyer called me about looking for a first home. Her dad was going to help pay for it. He told her she should be able to get something for 10 to 15% off the list price. Do you know what the spread from list to sold was last month? How about 2.79%? That was the number for March.
This Week’s Condo Sales & Activity versus last week’s:
235 active Hoboken condo units – vs. 235 last week
- 11 DABOs (Deposit Accepted By Owner i.e. under contract) vs.11 last week
- 16 Sold vs. 13 last week
- 27 New listings vs. 30 last week
- 16 Price changes vs. 15 last week
- 1 Expired listing vs. 1 last week
1 Bedroom & Studio Condos
9 New listings
6 Price Changes
94 Active
2 DABOs
- 909 Willow Ave., 3 listed Mar 20 for $255K;
- 1450 Washington St., 401 listed Jan 18 for $433K; increased Feb 7 to $437K; increased Feb 11 to $444K; increased Feb 14 to $448K; increased Feb 19 to $452K; increased Feb 21 to $455K; increased Mar 27 to $459K;
6 Sold
- 126 Madison St., 4 listed May 25 for $299K; reduced Nov 4 to $279K; sold for $268K;
- 931 Park Ave., 3L listed Jan 3 for $329K; sold for $310K;
- 723 Washington St., 5 listed Feb 28 for $329K; sold for $315K;
- 706 Willow Ave., 1R listed Feb 7 for $325K; sold for $330K;
- 1100 Adams St., 309 listed Jan 19 for $419K; sold for $419K;
- 707 Monroe St., 502 listed Jan 16 for $442K; sold for $435K;
2 Bedroom Condos
15 New listings
7 Price changes
117 Active
7 DABOs
- 1112 Park Ave., 2L listed Mar 21 for $395K;
- 318 Hudson St., 4F listed Mar 12 $425K;
- 913-915 Willow Ave., 2A listed Nov. 8 for $465K; reduced Jan 20 to $450K;
- 261 1st St., 2 listed Mar 13 for $541K; reduced Mar 12 to 514K;
- 501-515 Adams St., 1A listed Feb 7 for $590K; reduced Feb 15 to $570K;
- 800 Jackson St., 401 listed Feb 14 for $607K;
- 81-87 Jackson St., 2B listed Jan 14 for $622K;
7 Sold
- 358 14th St., 2 listed Mar 22, 2010 for $339K; reduced May 27, 2010 to $325K; reduced June 10, 2010 to $312K; reduced June 29, 2010 to $295K; reduced Aug 26, 2010 to $280K; reduced Mar 2011 to $275K; reduced April 7 to $250K; sold for $234K;
- 700 1st St., 3D listed Oct 24 for $440K; sold for $430K;
- 1120 Clinton St., 4B listed Jan 16 for $500K; sold for $490K;
- 452 2nd St., 4 listed Feb 13 for $519K; reduced Feb 17 to $499K; sold for $505K;
- 219-221 Grand St., 3B listed Oct 13 for $569K; reduced Nov 9 to $559K; reduced Nov 23 to $545K; sold for $530K;
- 800 Jackson St., 601 listed Sept 6 for $655K; sold for $614K;
- 101 Park Ave., 2D listed Feb 21 for $639K; sold for $635K;
3 Bedroom & Bigger Condos
4 new listings
3 Price changes
24 Active
- 200-202 Jackson St., 3 listed Feb 22 for $629K; reduced Mar 9 to $625K;
- 915 Madison St., 5D listed Mar 14 for $675K;
- 114 Jackson St., 4 listed Feb 6 for $469K; sold for $476K;
- 551 Observer Hghwy., PH-N listed Aug 20 for $744K; reduced Sept 19 to $717K; reduced Oct 4 to $667K; reduced Dec 8 to $567K; sold for $550K;
- 714-716 Hudson St., 2 listed Oct 3 for $875K; sold for $999K;
| Currently 3 Comments »
