Zillow getting into the Home Buying and Selling Game
Categories: Hoboken Condos
The real estate business is going through a huge change. It has not hit Hoboken yet, but fear not – it’s coming. Zillow is capitalized at over $9 billion. That’s a lot of chedda! They just announced that they are entering the “iBuyer” game. You may not know what that is, yet, but you will. Basically, the home seller will complete an information sheet about the property they wish to sell. Zillow will price it and make an instant offer. The entire transaction will be handled electronically (Zillow bought the transaction management software company, DotLoop, which we realtors all use). Then Zillow will turn around and sell the home on-line. They already rolled out a test in Orlando and Las Vegas and now they are expanding into other markets. Zillow claims agents will be involved in the process though it’s not clear how. What is crystal clear is that Zillow will charge those agents a hefty fee to participate. Time will tell if this will be successful but I bet it is just a matter of time. Stay tuned!
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The Weekly Wednesday Wrap Up for the Week of April 11th
Categories: Hoboken Condos, Weekly Wednesday Wrap Up
If you’d like to receive an email with this information please fill out the form below. If you give us a fake email address, it’s not going to work. Please be patient as it is not an automated system. I manually send it to you and if I’m on an appointment or it is the middle of the night, it may take a little while but, I promise, you will receive it complete with links. Thanks for your understanding!
Activity has been pretty constant this week. Things may change if the weather ever turns warm! In some local real estate news, Mayor Bhalla is hosting a community meeting on what to do with the not-very-attractive “Multi Service Center” at 124 Grand. April 26 at 6pm – too early for most people who work to attend.
As of April 11th, 2018:
- 205 active Hoboken listings
- 185 Condo & Co-op listings, compared to 186 last week
- 27 Single-family and Multi-family compared to 26 last week.
This Week’s Residential Property Sales & Activity:
- 24 Pending (Deposit Accepted By Owner and Under Contract) vs 19 last week
- 15 Sold vs 10 last week
- 45 New vs. 37 last week
- 10 Price changes vs. 9 last week
- NOTE – the new convention is for agents to withdraw and re-list properties so the “days on market” clock resets and the price change does not show up in the MLS history. It would simply be too time-consuming for me to track every one of these “price changes” manually to include in this weekly report. If you are curious about a particular property, we will be happy to research it for you if you let us know.
Studio & 1-Bedroom Properties
72 Active
19 New
9 Pending
- 235 Monroe #12, listed 3/19 for $259k.
- 130 Adams #5, listed 3/19 for $340k.
- 309 1st St. 3A, listed for $359k.
- 79 Madison 3B, listed 3/30 for $359k.
- 625 Willow 2L, listed 2/13 for $460k.
- 117 Clinton 1F, listed 4/4 for $499k.
- 117 Bloom 4B, listed 3/28 for $505k.
- 501 9th St #513, listed 4/4 for $574k.
- 930 Park #4, listed 4/2 for $599k.
5 Sold
- 101 Willow 4C, listed 1/25 for $329, reduced to $299k, sold for $286k.
- 711 Willow 2H, listed 1/25 for $379k, sold for $415k.
- 725 Washington #9, listed 11/17 for $399k, sold for $415k.
- 228 Bloom #4, listed 1/19 for $489k, sold for $489k.
- 700 1st 15L, listed 1/18 for $585k, sold for $595k.
2-Bedroom Properties
63 Active
13 New
14 Pending
- 933 Willow 4A, listed 4/5 for $589k.
- 507 Garden #1, listed 3/22 for $600k.
- 906 Washington #D, listed 4/4 for $645k.
- 551 Observer 10C listed 3/16 for $650k.
- 72 Garden 5R, listed 3/16 for $699k.
- 1000 Hudson #108, listed 1/19 for $749k.
- 608 Monroe #D, listed 3/21 for $750k.
- 610 Newark 9F, listed 2/13 for $860k, reduced to $825k, reduced to $795k.
- 618 Madison #1, listed 3/22 for $849k.
- 634 Park #1, listed 3/9 for $975k.
- 15oo Washington 12B, listed 3/2 for $1.085mil.
- 1125 Maxwell 435, listed 1/10 for $1.325mil, reduced to $1.269mil, reduced to $1.15mil.
- 1500 Garden 2F, listed 3/16 for $1.815mil.
- 313 1st PH listed 8/15 for $2.47mil, reduced to $2.375mil., reduced to $2.25mil.
- 519 Willow #7, listed 2/7 for $489k, sold for $489k.
- 513 Jeff #4, listed 1/18 for $560k, sold for $568k.
- 913 Willow 4B, listed 10/24 for $739k, reduced to $699k, reduced to $680k, sold for $680k.
- 1100 Adams 301, listed 2/13 for $775k, sold for $787k.
- 1315 Washington 1B, listed 11/7 for $850k, reduced to $825k, sold for $820k.
- 615 Adams 4B, listed 12/4 for $899k, sold for $840k.
- 264 5th St 3A, listed 2/8 for $900k, sold for $950k.
- 1022 Hudson #G, listed 1/13 for $999k, sold for $985k.
- 1100 Maxwell #1109, listed 12/27 for $1.3mil, sold for $1.277mil.
3-Bedroom & larger Properties
50 Active
14 New
5 Pending
- 800 Jackson #914, listed 3/27 for $900k.
- 926 Garden #2, listed 3/14 for $1.175k.
- 306 Park #3, listed 3/7 for $2.05mil.
- 718 Jefferson #3, listed 1/10 for $2.15mil.
- 310 Hudson #1, lsited 12/14 for $2.6mil.
- 208 Bloomfield #1, listed 9/22 for $2mil, sold for $1.925mil.
Sales numbers rounded up for convenience. Information is deemed to be reliable but not guaranteed.
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The Hoboken & Downtown JC Open House Google Map for Saturday, April 7th & Sunday, April 8th 2018
Categories: For Buyers, Hoboken Brownstones, Hoboken Condos, Hoboken New Construction, Jersey City Condos, Neighborhoods, Open House
Courtesy of the Turoff Realty Team
Contact us at info@hobokensbest.com or call 201.993.9500 for private viewings or more info on any property.
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
Place markers are color coded:
- 1BRs are RED
- 2BRs are GREEN
- 3+ BRs are YELLOW
- New listings are marked with a Push Pin icon (in the same color scheme.)
“Address”, “Price” “Bed” or “Details” columns can be sorted in ascending or descending order.
Click the individual location marker for:
- open house date & time
- unit size
- asking price
- a link to all the detailed info about each property
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