The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of September 7th
Categories: Weekly Wednesday Wrap Up
Some Real Estate News Around Hoboken
I’ve heard rumors that the women’s clothing store, Anthropologie, is taking over the Blockbuster space at 412 Washington. I’d prefer their lower-priced sibling, Urban Outfitters (they are the same company). They are not nearly as overpriced as many of our local boutiques and at least they have great sales.
I’ve also heard that OfficeMax may take over the Barnes & Nobles space. I don’t see why we need a huge office supply store when 99% of what they sell can be ordered just as easily on-line (unlike clothing which most of us like to try on) and there is a Staples so close by. I’m still dreaming of a Trader Joe’s.
Supposedly Rush Cycling is moving in next to the Pilsener House up on 15th & Grand. You can drink beer then work it off spinning. Oh, but this isn’t supposed to be like ’spinning’. It’s stationary cycling where you can lean as you take the turns, like on a real bike. Look for a grand opening in October.
Finally, the new listings are hitting the MLS faster than I can keep track. Guess the post-Labor Day deluge is here.
This Week’s Condo Sales & Activity:
- 300 active Hoboken condo units – vs. 291 last week
- 9 DABOs (Deposit Accepted By Owner i.e. under contract) vs. 9 dabos last week
- 15 sold vs. 15 sold
- 25 new listings vs. 12
- 15 price changes vs. 10
- 11 expired listings vs. 8
1 Bedroom & Studio Condos
14 new listings
6 price reductions
130 active
1 dabo
- 606 Adams #7 listed on Aug 9 for $368k
8 sold
- 1500 Wash 7K listed on Apr 29 for $465k; reduced May 12 to $449k; May 26 to $429k; sold for $415k
- 610 Newark 5F listed on Jul 11 for $300k; sold for $285k
- 222 Grand 2E listed on Jun 13 for $375k; sold for $375k
- 535 Bloom 4N listed on Apr 13 for $389k; reduced May 24 to $369k; sold for $353k
- 215 Bloom 2N listed on Aug 7 for $299k; sold for $267k
- 108 Jackson 3C listed on Apr 1 for $380k; sold for $360k
- 222 Willow 5A listed on May 11 for $370k; reduced May 26 to $350k; sold for $340k
- 410 Jeff 1R listed on Jun 15 for $190k; sold for $190k
2 Bedroom Condos
10 new listings
9 price reductions
146 active
8 Dabos
- 800 Jackson 707 listed on Sep 2 for $536k
- 920 Hudson 5D listed on Apr 27 for $400k
- 517 Adams #3 listed on Jun 9 for $689k
- 620 Jeff #c listed on May 3 for$459k; reduced May 25 to $449k
- 800 Jackson PH15 listed on Sep 2 for $635k
- 1320 Bloom 4B listed on Aug 15 for $420k
- 137 Garden #2 listed on Jun 22 for $548k; reduced Aug 9 to $525k
- 921 Garden #1 listed on Jul 7 for $399k
7 sold
- 941 Garden #2 listed on Jun 8 for $400k; sold for $384k
- 84 Jeff 4B listed on Jun 8 for $659k; sold for $633k
- 1500 Wash 8D listed on Jun 16 for $650k; increased Jun 24 to $675k; sold for $660k
- 313 Monroe #2 listed on Feb 23 for $449k; sold for $445k
- 1025 Maxwell 415 listed on Jun 17 for $825k; sold for $805k
- 84 Monroe #4 listed on May 11 for $349k; sold for $335k
- 86 Clinton #1 listed on Apr 1 for $965k; reduced Jun 13 to $949k; sold for $925k
3 Bedroom & Bigger Condos
no new listings
no price reductions
31 active
no dabos
none sold
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The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of August 24th
Categories: Weekly Wednesday Wrap Up
How Can That Possibly Be?
That was the question asked of me by one of my buyers yesterday. They’ve been looking for a 3 bedroom condo in a Toll Brothers building for almost a year. His wife had seen on my website that there was a price reduction to $1.031mil on a unit at Harborside Lofts. He immediately called me asking for an appointment to go see it. I looked for it in the MLS but that unit didn’t show up as active.
I looked a bit harder and found the unit reported as dabo’d. The property history showed that the unit was priced at $1.04mil on the day it was listed – August 19th. It was reduced to $1.031mil on the SAME day - August 19th. Then it was marked as “SOLD” on the SAME day - August 19th. The contract date on the listing is June 27 – two months before it was listed. The MLS shows zero days on market. Oh, and surprise, surprise, – the listing agent was also the selling agent.
My buyer asked, “how can that possibly be”? He told me “I might have paid more than $1.031.” He never got the chance. Wonder why dual agency is illegal in many states? Is this listing agent really doing that seller a service? Should this be allowed? Should it have been handled as a private transaction and never been put on the MLS? What is the point of a multiple listing if not to allow agents to cooperate and sell each others listings.
Inventory continues to dwindle. I’m going to celebrate when we go under the 300 mark. That may be next week. Bloomberg reports home prices dropped 5.9% in the second quarter over last year. The biggest drop since 2009. Foreclosures seem to be the reason for the decline. I’m currently involved in my first foreclosure transaction ever.
This Week’s Condo Sales & Activity:
- 308 active Hoboken condo units – vs. 313 last week
- 10 DABOs (Deposit Accepted By Owner i.e. under contract) vs. 14 dabos last week
- 16 sold vs. 20 sold
- 22 new listings vs. 22
- 16 price changes vs. 9
- 2 expired listings vs. 7
1 Bedroom & Studio Condos
6 new listings
5 price reductions
118 active
6 dabos
- 1212 Washington 5N listed on Jul 26 for $299k; reduced Aug 8 to $289k
- 213 Bloom 2N listed on Aug 7 for $299k.
- 95 Garden 1B listed on Jun 22 for $359k; reduced Jul 13 to $354k; Aug 5 to $345k.
- 1216 Washington 3S listed on May 26 for $365k; reduced Jul 14 to $349k
- 77 River #21 listed on Aug 10 for $380k
- 95 Willow 1L listed on Jun 30 for $599k
6 sold
- 406 Grand #6 listed on Jun 15 for $309k; sold for $305k
- 68 Park #8 listed on May 22 for $365k; sold for $350k
- 901 Willow #2 listed on Apr 13 for $499k; reduced May 17 to $475k; sold for $450k
- 209 2nd 1R listed on Feb 28 for $220k; sold for $200k
- 157 14th St 2R listed on Mar 25 for $350k; sold for $334k
- 606 Adams #8 listed on Mar 28 for $379k; reduced Apr 14 to $363k; May 10 to $350k; sold for $342.5k
2 Bedroom Condos
13 new listings
9 price reductions
155 active
4 Dabos
- 301 Monroe 401R listed on Mar 28 for $363k; reduced Jul 29 to $341k
- 1500 Garden 7B listed on Aug 20 for $700k
- 615 Adams 3E listed on Aug 5 for $729k
- 264 5th St 2E listed on Jul 25 for $775k
8 sold
- 106 Jeff #1 listed on Apr 18 for$669k; sold for $669k
- 124 Jeff #B listed on May 31 for $759k; sold for $745k
- 812 Grand 502 listed on May 26 for $509k; reduced Aug 18 to $495k; sold for $495k
- 1107 Willow #1 listed on May 12 for 460k; sold for $450k.
- 109 Jackson 2B listed on Apr 19 for $510k; sold for $498k
- 609 Observer 4B listed on Jan 24 for $499k; sold for $475k
- 830 Monroe 4B listed on Nov 7 for $530k; reduced Jan 17 to $499k; Mar 7 to $479k; Apr 20 to $465k; May 22 to $450k; sold for $420k!!!
- 1500 Wash 6F listed on Sep 6 for $799k; sold for $775k
3 Bedroom & Bigger Condos
3 new listings
2 price reductions
no dabos
35 active
2 sold
- 1500 Garden 4L listed on Aug 19 for $1.031mil; sold for 1.031mil
- 1025 Maxwell listed on Nov 24 for $1.725mil; sold for $1.59mil
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The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of June 22nd
Categories: Hoboken Condos, Weekly Wednesday Wrap Up
Hoboken Condos Sales & Activity – Week of June 22nd, 2011
Here are the numbers for this week. We will be on vacation for the next two weeks so I will be posting an abbreviated version of the Weekly Wednesday Wrap Up on the 29th and 6th. Thanks for your understanding in advance. Also, since the end of June is the end of the 2nd quarter and the middle of the year, in early July I’ll be posting come more detailed analysis by quarter so stay tuned. Hopefully, by the time we get back, the Pilsner House on 14th & Grand will be open!
This Week’s Condo Sales & Activity:
- 386 active Hoboken condo units – vs. 380 last week
- 11 DABOs (Deposit Accepted By Owner i.e. under contract) vs. 11 dabos last week
- 24 sold vs. 16 sold
- 30 new listings vs. 22
- 21 price changes vs. 22
- 2 expired listings vs. 3
Studio & 1 Bedroom Hoboken Condos:
9 new listings
3 dabos
- 1021 Grand #3F listed on 3/31 for $243k.
- 406 Grand #2 listed on 6/15 for $299k.
- 1015 Grand #4F listed on 3/28 for $285k;
7 sold
- 909 Garden #2 listed on 12/15 for $319k; sold for $315k
- 600 Hudson 4B listed on 3/31 for $509k; reduced 4/1 to $499k; sold for $485k.
- 419 Adams 2A listed on 4/1 for $350k; sold for $344k.
- 41 1st #2B listed on 4/20 for $309k; sold for $295k.
- 300 Newark 7L listed on 10/20 for $399k; reduced 11/10 to $385k; 2/17 to $370k; sold for $375k.
- 235 Monroe #8 listed on 6/1 for $285k; reduced 7/7 to $249k; 8/10 to $235k; 1/15 to $229k; sold for $200k.
- 422 Madison 2L listed on 4/7 for $200k; sold for $200k.
13 price reductions
158 Total Active 1BRs
Two Bedroom Hoboken Condos:
17 new listings
8 dabos
- 123 Jackson 4A listed on 3/30 for $510k; reduced 6/7 to $499k.
- 1100 Adams #207 listed on 3/23 for $624k; reduced 4/12 to $619k; 4/27 to $614k.
- 1320 Bloom 2A listed on 5/9 for $419k.
- 259 12th St. 5A listed on 4/15 for $359k; reduced 5/4 to $350k.
- 719 Monroe #1 listed on 12/6 for $525k; reduced 5/16 to $519k.
- 812 Grand #502 listed on 5/26 for $509k.
- 124 Jeff #B listed on 5/31 for $759k.
- 556 1st #9 listed on 4/5 for $395k.
15 sold
- 537 Garden #3 listed on 3/18 for $479k; sold for $457.5k.
- 1331 Grand #603 listed on 1/9 for $479k; sold for $467.5k.
- 620 Jeff #B listed on 3/12 for $459k; reduced 6/10 to $449k; 6/14 to $439k; 7/12 to $419k; 10/26 to $429k; 1/20 to $399k; 3/31 to $397k; sold for $377k.
- 205 14th St 2R listed on 5/9 for $287.5k; increased on 5/9 to $297.5k; sold for $298.5k.
- 1120 Clinton 2D listed on 12/6 for $475k; reduced 12/20 to $465k; 2/2 to $445k; sold for $428k.
- 456 9th St #45 listed on 1/19 for $535k; reduced on 3/21 to $525k; sold for $495k.
- 420 Madison 1L listed on 2/9 for $369k; sold for $369k.
- 659 1st #2 listed on 4/6 for $544k; sold for $544k.
- 1325 Adams #505 listed on 5/6 for $525k; reduced on 10/13 to $505k; sold for $465k.
- 150 14th St #204 listed on 3/11 for $569k; reduced 4/14 to $549k; sold for $545k.
- 915 Madison 4F listed on 4/5 for $480k; sold for $467k.
- 225 River $2501 listed on 12/9 for 1.995mil. sold for 1.74mil.
- 1023 Clinton #2C listed on 3/14 for $475k; reduced on 4/28 to $450k; sold for $437.5k.
- 1200 Grand #417 listed on 2/14 for $499k; reduced on 3/9 to $489k; 4/21 to $479k; sold for $463k.
- 725 Jeff #6 listed on 3/15 for $669k; sold for $657k.
8 price reductions
190 Total Active 2BRs
Three Bedroom and Larger Hoboken Condos:
4 new listings
no dabos
2 sold
- 114 Jackson #4 listed on 1/4 for $449k; reduced 3/14 to $439k; 4/11 to $399k sold for $404k.
- 1107 Willow #2 listed on 10/28 for $860k; reduced 11/17 to $800k; sold for $730k.
no price reductions
38 Total Active 3BRs
Hoboken Condo Open Houses
Want to Receive New Listings & Price Reductions Daily?
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For more information you can always contact us at 201 993 9500.
Thanks for reading and, as always, we welcome your comments!
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