Support the Joshua Louis Animal Cancer Foundation
Categories: Hoboken Condos
Not Everything is about Real Estate People!
By Howard Turoff
Last night Lori and I attended a charity function for our favorite cause – the Joshua Louis Animal Cancer Foundation. As you all should know, Lori and I donate a percentage of our real estate commissions every year to this charity, and I’d like to share with you all a short story about why this cause is so near to our hearts.
I had a dog named Lilac who lived a healthy 17 years and who died back in 1989. For years after her passing, I would occasionally have a dream where Lilac was alive. In my dream, she would run to me and I’d exclaim “Lilac! You’re alive! I thought you were dead and you’re not” and I’d hug her and kiss her and cry tears of joy. Eventually I’d wake up and realize that it was just a dream. I’d be a little sad because my beautiful girl was gone, but I was always happy to have had that dream because, in that moment, when I saw her again and she was alive, it was the happiest moment of my life.
Ten years later, Lori and I rescued our beautiful boy Sempai from the Teeterboro animal shelter but, in 2009 when Sempai was diagnosed with cancer and given three months to live, we were devastated. He was only nine at the time. I’ll spare you the details but, thanks to the brilliance of his canine oncologist Dr. Joshua Lachowitz and his surgeon Dr. Garrett Davis, Sempai is now 13 and a half years old and cancer-free. And every morning when I wake up, and I see my boy looking at me, I hug him and I cry tears of joy and I think to myself “Sempai, you’re alive! They told me you’d be dead and you’re not” and it’s the happiest moment of my life. Every day.
If you don’t have a favorite charity – please consider this one. The goal is not only to help cure cancer, but it also helps people with animals who have cancer to pay for their treatments. Please give so that someone else can experience more happy days with their pets.
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The Hoboken & Downtown JC Open House Google Map for Saturday, May 12th & Sunday, May 13th, 2012
Categories: For Buyers, Hoboken Condos, Jersey City Condos, Neighborhoods, Open House
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:
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:
- open house date
- time
- unit size
- asking price
- link to all the info found on the MLS and more (from ourHobokensBestHomes.com IDX feed.)
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The Weekly Wednesday Wrap-Up – Hoboken Condo Sales and Activity for the Week of May 9th, 2012
Categories: For Buyers, For Sellers, Hoboken Condos, Market Analysis, Weekly Wednesday Wrap Up
What’s up with Inventory?
Week after week, we have seen the inventory of Hoboken Condos for sale inching up and down, but never leaving the lowest levels that many long-time observers can remember. Week after week, I draw your attention to the fact that–following the rules of classic Free Market theory–this low inventory (supply) must inevitably drive up prices (demand) and, in turn, eventually lead to an increase in supply. If you’ve been studying the numbers in the weekly, monthly and quarterly reports that we produce, you have seen the discount rate falling, the days on market falling and–recently–an increase in the frequency of properties going for more than their asking price–the visible symptom of multiple offers leading to bidding wars. So, you may ask, why do we see no meaningful improvement in supply?
Certainly, there are seasonal factors at work. If sellers with children have the opportunity to choose, they will not move during the school year, so a bump up in inventory may come in June. But I see a less obvious factor at work in the market on a daily basis: the amazingly high percentage of sellers who are listing properties at prices that are lower than the price they paid. Before people are going to be tempted to sell their homes in response to an ‘improving’ market, that market must promise them–at least–the likelihood that they will recoup their costs. Until then, the only people selling will be long-time owners whose basis pre-dates the ‘bubble’, or people who are forced to sell by external forces–job re-location, divorce, etc.
The low cost of money–historically low interest rates–is great for home buyers, but does little to compensate sellers who are under-water. You may consider this a “sellers market”, but I don’t think you will see a significant increase in inventory until prices rise further. The Free Market at work.
This Week’s Condo Sales & Activity versus last week’s:
246 active Hoboken condo units – vs. 246 last week
- 14 DABOs (Deposit Accepted By Owner i.e. under contract) vs 12 last week
- 15 Sold vs. 15 last week
- 28 New listings vs. 26 last week
- 26 Price changes vs. 9 last week
- 2 expired listings vs. 3 last week
1 Bedroom & Studio Condos
14 New listings
7 Price Changes
92 Active
5 DABOs
- 232 Park Ave., 5S(9) listed April 4 for $309K; reduced April 13 to $289K;
- 1115 Willow Ave., 004 listed April 20 for $289K;
- 135 Garden St., 2 listed Mar 16 for $309K;
- 330 Monroe St., 3R listed April 11 for $315K;
- 133 Grand St., 5 listed Mar 23 for $349K; reduced April 9 to $339K;
7 Sold
- 160 2nd St., 4 listed Feb 8 for $295K; reduced Feb 13 to $260K; sold for $235K;
- 423 Jefferson St., 8 listed Feb 16 for $269K; sold for $269K;
- 101 Willow Ave., 5A listed Oct 12 for $359K; reduced Oct 21 to $358K; reduced Nov 18 to $349K; reduced Mar 20 to $339K; sold for $328K;
- 163 14th St.4N listed Feb 14 for $354K; sold for $340K;
- 309 1st St., 3C listed Jan 10 for $359K; sold for $349K;
- 1122 Washington St., 3 listed Aug 17 for $369K; sold for $355K;;
- 1300 Grand St., 512 listed Mar 27 for $439K; sold for $439K;
2 Bedroom Condos
12 New listings
17 Price changes
128 Active
7 DABOs
- 934 Willow Ave., 3 listed April 20 for $355K;
- 610 Newark St., 4B listed April 16 for $435K;
- 108 Monroe St., 3B listed June 8 for $449K;
- 812 Grand St., 214 listed Mar 27 for $539K;
- 129 Harrison St., 9 listed Mar 2 for $575K; reduced May 4 to $540K;
- 901 Madison St., 2G listed April 20 for $550K;
- 415 Adams St., 3 listed April 19 for $619K;
6 Sold
- 717 Willow Ave., 7 listed Feb 8 for $419K sold for $406K;
- 727 Jefferson St., 7 listed Jan 13 for $475K; sold for $470K;
- 824-830 Monroe St., 2E listed Nov 28 for $585K; reduced Feb 22 to $575K; sold for $570K;
- 1216 Bloomfield St., A listed Oct 3 for $679K; reduced Nov 10 to $649K; sold for $643K;
- 405 Jefferson St., 1 listed Feb 21 for $689K; reduced Mar 5 to $679K; sold for $670K;
- 1025 Maxwell Ln., 1200 listed Jan 26 for $2.9Mil; sold for $2.8Mil;
3 Bedroom & Bigger Condos
2 New listings
2 Price changes
26 Active
- 501 9th St., 202 listed April 20 for $649K;
- 1018 Hudson St., 5 listed April 27 for $759K;
- 620 Monroe St., 3 listed June 17 for $649K; reduced Sept 21 to $631K; reduced Oct 28 to $618K; sold for $600K;
- 150 14th St., 401 Listed Jan 11 for $784K; sold for $766K;
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