2013 Jan 30th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of January 30th, 2013

Show me the links please
  1. (required)
  2. (valid email required)
 

 

This Week’s Residential Property Sales & Activity:

140 active Hoboken listings:

  • 132 Condo & Co-op listings, compared to 115 last week
  • 8 Single- and multi-family listings, compared to 14 last week
  • 8 DABOs (Deposit Accepted By Owner i.e. under contract) vs 9 last week
  • 12 Sold vs. 13 last week
  • 34 New listings vs. 24 last week
  • 7 Price changes vs. 4 last week
  • 1 expired listing vs. 0 last week

1 Bedroom & Studio Properties

7 New listings

1 Price change

42 Active listings

4 DABOs

  • 520 Jefferson St., 1 listed Jan 2 for $295K;
  • 222 Madison St., 1R listed Jan 14 for $299K;
  • 414 Madison St., 2R listed Nov 21 for $325K;
  • 725 Jefferson St., 25 listed Jan 17 for $390K;

2 Sold

  • 601 Monroe St., 4B listed Dec 12 for $264K; sold for $281K;
  • 159-161 Newark St., 2C listed Dec 3 for $300K; sold for $313K;

2 Bedroom Properties

7 New listings

23 Price changes

73 Active listings

3 DABOs

  • 132 Bloomfield St., 3 listed Jan 16 for $575K;
  • 1500 Hudson St., 5V listed Oct. 17 for $700K;
  • 101 Park Ave., 2E listed Jan 14 for $850K;

7 Sold

  • 815 Park Ave., 6 listed Aug 15 for $329K; sold for $315K;
  • 1001 Bloomfield St., C listed Sept 28 for $499K; sold for $475K;
  • 606 Park Ave., 4 listed April 27 for $517K sold for $475K;
  • 82 Jackson St., B7 listed Dec 14 for $475K; increased Dec 17 to $480K; sold for $495K;
  • 72 Park Ave., 6B listed Oct 4 for $615K; sold for $620K;
  • 82 Clinton St., 3D listed Sept 6 for $625K; sold for $625K;
  • 618 Jefferson St., 2 listed Oct 25 for $669 sold for $660K;

3 Bedroom & Bigger Properties

4 New listings

1 Price change

21 Active listings

8 Multi-Family Active listings

 

1 DABO

 

  • 603-607 Monroe St., 6 listed Jan 4 for $750K;
3 sold
  • 115 Clinton St., 4 listed Feb 28 for $825K; sold for $825K;
  • 115 Clinton St., 3 listed Feb 28 for $819K; sold for $845K;
  • 1134 Bloomfield St., listed July 30 for $1.499M; sold for $1.380M;
Share

Posted by Lori Turoff | Currently 4 Comments »

2013 Jan 23rd

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of January 23rd, 2013

Show me the links please
  1. (required)
  2. (valid email required)
 

This Week’s Residential Property Sales & Activity:

129 active Hoboken listings:

  • 115 Condo & Co-op listings, compared to 114 last week
  • 14 Single- and multi-family listings, compared to 10 last week
  • 9 DABOs (Deposit Accepted By Owner i.e. under contract) vs 8 last week
  • 13 Sold vs. 14 last week
  • 24 New listings vs. 22 last week
  • 4 Price changes vs. 5 last week
  • 0 expired listing vs. 0 last week

1 Bedroom & Studio Properties

5 New listings

0 Price changes

40 Active listings

4 DABOs

  • 627 Willow Ave., 3 listed Jan 21 for $289K;
  • 227 Monroe St., 1R listed Jan 10 for $375K;
  • 841 Willow Ave., 4R/5 listed Jan 14 for $399K;
  • 1025 Maxwell Ln., 815 listed Oct 26 for $490K;

1 Sold

  • 830 Monroe St., 2C listed Oct 2 for $459K; sold for $450K;

2 Bedroom Properties

13 New listings

3 Price changes

62 Active listings

4 DABOs

  • 131 Monroe St., 3N listed Jan 12 for $403K;
  • 1108 Park Ave., 7(4L) listed Jan 4 for $435K;
  • 728 Willow Ave., 1L listed Dec 3 for $525K;
  • 1100 Adams St., 405 listed Oct 4 for $589K; reduced Dec 3 to $579K;

9 Sold

  • 815 Park Ave., 6 listed Aug 15 for $329K; sold for $315K;
  • 211 14th St., 3R listed Mar 20 for $420K; reduced April 30 to $407K; reduced July 11 to $399K; sold for $395K;
  • 618 Monroe St., 2 listed Oct 4 for $450Kl; sold for $435K;
  • 400 Adams St., 2 listed Oct 5 for $450K; sold for $450K;
  • 729 Madison St., 3C listed Sept 12 for $475K; sold for $450K;
  • 70 Adams St., 2E listed Nov 13 for $585K; reduced Dec 2 to $569K; sold for $560K;
  • 812 Grand St., 404 listed Sept 26 for $550K; sold for $560K;
  • 72 Park Ave., 5B listed Oct 2 for $575K; sold for $570K;
  • 150 14th St., 504 listed Oct 17 for $599K; sold for $615K;

3 Bedroom & Bigger Properties

6 New listings

1 Price change

20 Active listings

7 Multi-Family Active listings

 

1 DABO

 

  • 603-607 Monroe St., 6 listed Jan 4 for $750K;
3 sold
  • 1109 Garden St., listed Jun 15 for $675K; sold for $675K;
  • 1009 Willow Ave., 5 listed Oct 26 for $695K; sold for $700K;
  • 78-80 Jackson St., 2E listed Nov 12 for $829K; sold for $827K;
Share

Posted by Lori Turoff | Currently No Comments »

2013 Jan 18th

Some Year-End Figures for the Hoboken Condo Market (and My New Pet Peeve)

I love year end because it gives me lots of numbers to crunch and analyze.  As an agent, the question I’m most frequently asked is “how is the market doing in Hoboken”.  I hear other agents answer that all the time mostly with a bunch of meaningless nonsense.  I like to let the numbers tell the story.  Granted, there are lots of ways to look at it so I’ll give you a few.  But before I do, a digression.

One of the most important decisions most people make in their lives is the one to buy or sell a home.  It often represents the biggest investment you will ever make, as well.  This is serious stuff!  It deserves ones full consideration and attention.  You would think this kind of transaction deserves to be treated with seriousness and respect, no?  Yet I have noticed a trend that is truly disturbing.

Many of the agents I must deal with in the course of  working with you to buy or sell your home no longer wish to pick up the phone and talk to me.  They refuse to write anything down on paper or even in an email. That alone is problematic because then there is no record of what transpired.  These agents find it appropriate to conduct business, serious business, the sale of your home, by text message.  That’s right – your half million dollar or more investment is dealt with in unclear, poorly written snippets of text messages often sent while driving, distracted or who knows what else.  Am I the only one who finds this outrageous?  Would you let your stockbroker trade securities for you via text message?  Or your doctor diagnose you by text message?  What makes it acceptable to negotiate your offer by text?  If you ask me, the answer is nothing!  If your agent is conducting the business of the purchase or sale of your property via text message, it’s time to find another agent.

Back to the year end – here is an interesting chart with the supporting numbers below.  These are the average (blue) and median (red) sales prices on an annual basis for Hoboken condos since 2000:

avg sales

 

 

 

 

 

 

 

 

Looks to me like the news I hear everyday on Bloomberg is correct – we are in recovery mode.  What do you think?

Share

Posted by Lori Turoff | Currently 10 Comments »

Copyright © 2008 Hoboken Real Estate News     Login     Sitemap