The Hoboken Weekly Wednesday Wrap Up for the Week Ending August 28th
Categories: Hoboken Condos
Week ending Aug. 28th, 2019
For this report with live links:
- 227 active Hoboken listings
- 207 Condo & Co-op listings
- 20 Single-family and Multi-family
This Week’s Residential Property Sales & Activity:
- 10 Pending (Deposit Accepted By Owner and Under Contract)
- 23 sold
- 18 New
- 12 Price changes
Studio & 1-Bedroom Properties
5 New
2 Pending.
- 565 1st #3, listed 7/9 for $345k.
- 160 2nd #1, listed 7/22 for $380k.
5 Sold
- 11122 Hudson GR, listed 6/10 for $360k, sold for $325k.
- 518 Park 4R, listed 5/10 for $410k, sold for $405k.
- 931 Hudson #4, listed 5/1 for $498k. sold for $470k.
- 72 Park 1A, listed 6/18 for $599k, sold for $625k.
- 1500 Wash 7S, listed 5/3 for $650k, sold for $630k.
2-Bedroom Properties
12 New
5 Pending
- 129 Clinton A7, listed 8/2 for $419k.
- 1120 Clinton 3D, listed 8/8 for $600k.
- 161 6th #1, listed 8/12 for $849k.
- 904 Jeff 6I, listed 8/9 for $899k.
- 1400 Hudson 808, listed 4/23 for $1.25mil.
14 sold
- 508 Grand 5R, listed 2/8 for $499k, sold for $490k.
- 333 Adams #3, listed 5/15 for $535k, sold for $525k.
- 413 Jeff #4, listed 5/28 for $549k, sold for $585k.
- 420 Jeff 2C, listed 5/28 for $549k, sold for $545k.
- 531 Jeff #4, listed 5/1 for $615k, sold for $590k.
- 633 Madison 7B, listed 7/5 for $635k, sold for $635k.
- 208 Park 1R, listed 6/14 for $649k, sold for $635k.
- 921 Garden #4, listed 7/8 for $675k, sold for $675k.
- 215 Grand 4R, listed 6/5 for $729k, sold for $699k.
- 727 Monroe 203, listed 5/16 for $749k, sold for $735k.
- 112 Bloom #1, listed 5/3 for $799k, sold for $790k.
- 350 7th 4B, listed 4/11 for $899k, sold for $880k.
- 1500 Wash 5F, listed 5/23 for $999k, sold for $950k.
- 1500 Hudson 2J, listed 4/29 for $1.4mil, sold for $1.365mil.
3-Bedroom & larger Properties
1 New
none pending
4 Sold
- 84 Jeff 6C, listed 6/19 for $1.15mil, sold for $1.12mil.
- 115 Grand 3B, listed 1/1 for $1.35mil, sold for $1.33mil.
- 707 Willow #4, listed 4/29 for $1.8mil, sold for $1.78mil.
- 1024 Adams #600, listed 4/3 for $3.495mil, sold for $3.15mil.
The information provided in this private transmission is only for the personal, non-commercial use of you, the consumer. It may not be reproduced or distributed in any manner. It may not be used for any purpose other than to identify prospective properties you the consumers may be interested in purchasing or renting.
Sales numbers rounded up for convenience. Information is deemed to be reliable but not guaranteed.
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Will iBuyers Take Over the Hoboken Real Estate Market?
Categories: Hoboken Condos
The latest thing in real estate is the iBuyer. The “i” stands for “instant”. No, they are not in our market – yet. Opendoor, one of the major players in the market is recently valued at $3.8 billion. That’s right, billion. It seems that iBuyers are the darlings of venture capitalists and they’ve got money to burn. The big players, besides Opendoor, are Zillow (of course), Offerpad, Redfin and, soon, Keller Williams. What all these companies have in common, and what makes them iBuyers, besides mountains of cash, is the ability to make an “instant offer” on your property. Rather than working as traditional agents with a particular buyer, these firms come in, make an estimate on the valuation of your home based on an algorithm (think Zestimate), and offer to purchase it directly from you, quickly and for cash. It is estimated that sellers take about a 15% discount for such speed and convenience in the sales process.
To get an idea of the growth of this market, look at this interactive map. In just a few years, the iBuyer market has exploded in places like Atlanta, Charlotte, Raleigh, Orlando, Tampa, Dallas, Phoenix, Las Vegas and LA. It’s only a matter of time before they head here. Get ready, folks. We are in for some serious market disruption.
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The Hoboken Weekly Wednesday Wrap Up for the Week Ending August 21st
Categories: Hoboken Condos
Week ending Aug. 21th, 2019
- 238 active Hoboken listings
- 218 Condo & Co-op listings
- 20 Single-family and Multi-family
This Week’s Residential Property Sales & Activity:
- 10 Pending (Deposit Accepted By Owner and Under Contract)
- 17 sold
- 16 New
- 6 Price changes
Studio & 1-Bedroom Properties
8 New
4 Pending.
- 128 Garden #1, listed 7/25 for $405k.
- 129 Willow 3L, listed 8/7 for $459k.
- 1500 Wash 2J, listed 8/1 for $595k.
- 1125 Maxwell 535, listed 8/20 for $875k.
2 Sold
- 604 Monroe #6, listed 6/18 for $500k, sold for $480k.
- 82 Clinton 4F, listed 6/7 for $649k, sold for $640k.
2-Bedroom Properties
7 New
4 Pending
- 338 Bloom #3, listed 8/8 for $650k.
- 700 1st 6N, listed 7/25 for $650k.
- 1110 Hudson 1N, listed 7/17 for $799k.
- 1125 Maxwell 502, listed 1/5 for $1.5mil.
8 sold
- 413 Madison #1, listed 6/6 for $700k, sold for $715k.
- 415 Newark 7D, listed 6/8 for $810k, sold for $810k.
- 208 Park 1R, listed 6/14 for $649k, sold for $635k.
- 500 Hudson 5A, listed 6/14 for $$499k, sold for $490k.
- 703 Park #4, listed 6/19 for $639k, sold for $639k.
- 1029 Garden #3, listed 6/19 for $700k, sold for $700k.
- 636 5th St. 203, listed 6/21 for $650k, sold for $640k.
- 1100 Maxwell 215 listed 7/1 for $1.05mil., sold for $999k.
3-Bedroom & larger Properties
2 New
3 Pending
- 214 Jackson #2, listed 5/30 for $699k.
- 800 Jackson PH2, listed 7/10 for $998k.
- 324 Hudson #1, listed 5/2 for $2.1mil.
5 Sold
- 1410 Grand 401, listed 5/31 for $1.3mil, sold for $1.29mil.
- 115 Grand 4F, listed 1/29 for $1.33mil, sold for $1.32mil.
- 502 Madison 301, listed 6/26 for $1.48mil, sold for $1.4mil.
- 1125 Maxwell 1122, listed 5/13 for $1.7mil, sold for $1.68mil.
- 1024 Adams 400, listed 7/31 for $1.8mil, sold for $1.8mil.
The information provided in this private transmission is only for the personal, non-commercial use of you, the consumer. It may not be reproduced or distributed in any manner. It may not be used for any purpose other than to identify prospective properties you the consumers may be interested in purchasing or renting.
Sales numbers rounded up for convenience. Information is deemed to be reliable but not guaranteed.
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