2017 Sep 8th

The August Hoboken and Jersey City Condo Sales Results

I had the realtor’s nightmare experience this morning. One of my buyers brought his father along to a showing. We never have a good experience when the parents from the suburbs come to look at properties in Hoboken for the first time. They think everything is old and small and not level and very overpriced. This father wanted his son to live in a two bedroom apartment in Eli Manning’s building (Hudson Tea) and thought it should cost around $600,000. Well, Eli’s apartment is on the market for $5.2million. Granted, it’s huge and pretty nice.  A studio in that building will set you back $675,ooo without parking and the monthly fee will be close to $600 a month.  I tried to explain to the Dad that our prices were still a fraction of those in Manhattan and that we’ve seen year-over-year increases of at least 15% for the past few years.  Wish he’d take a look at this:

Here is HOBOKEN:

Here is DOWNTOWN JERSEY CITY:

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Posted by Lori Turoff | Currently 6 Comments »

2017 Sep 6th

So How Is the Hoboken Market Doing?

Here’s 5 years of data in graphic form to answer your question about the direction of condo sales in Hoboken.  Put your cursor on the blue line to see the data point.  Average (6 month rolling) sales price just crossed $800,00:

Posted by Lori Turoff | Currently No Comments »

2017 Sep 5th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of September 6th, 2017

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As of September 6, 2017:

  • 156 active Hoboken listings
  • 123 Condo & Co-op listings, compared to 123 last week
  • 23 Single-family listings, compared to 22 last week
  • 10 Multi-family listings, compared to 10 last week

 

This Week’s Residential Property Sales & Activity:

  • 6 DABOs (Deposit Accepted By Owner and Under Contract) vs 16 last week
  • 15 Sold vs 22 last week
  • 15 New listings vs. 14 last week
  • 3 Price changes vs. 7 last week
  • 0 expired listings vs. 0 last week

 

Studio & 1-Bedroom Properties

37 Active listings

7 New listings

1 Price change

3 DABOs

  • 400 Adams St., 2R listed Aug 16 for $299K;
  • 916 Park Ave., 1 listed Jul 25 for $369K;
  • 93 Adams St., 1 listed Aug 28 for $499K;

6 Sold

  • 354 1st St., 2R listed April 20 for $339K; increased April 28 to $350K; sold for $350K;
  • 224 Jefferson St., 4R listed Jun 21 for $400K; sold for $430K;
  • 1001 Clinton St., 2F listed May 17 for $480K; sold for $490K;
  • 1115 Willow Ave., 305 listed July 14 for $489K; sold for $510K;
  • 125 Garden St., 4C listed April 7 for $549K; sold for $560K;
  • 1125 Maxwell Ln., 608 listed Jul 5 for $890K; reduced Jul 20 to $875K; sold for $845K;

 

2-Bedroom Properties

49 Active listings

6 New listings

2 Price changes

3 DABOs

  • 708 Garden St., 2 listed Jul 13 for $625K; reduced Aug to $620K;
  • 1330 Clinton St., 602 listed Aug 22 for $729K;
  • 128 Adams St., 1 listed Aug 8 for $899K;
5 Sold
  • 400 Madison St., 5 listed Jun 28 for $475K; sold for $483K;
  • 259 12th St., 5B listed Jun 14 for $560K; sold for $550K;
  • 137-139 Park Ave., 3 listed Jul 7 for $579K; sold for $608K;
  • 604-606 Grand St., 1 listed Jul 13 for $899K; sold for $925K;
  • 1500 Hudson St., 2M listed Mar 30 for $990K; reduced May 19 to $975K; reduced Jun 12 to $960K; sold for $950K;

 

3-Bedroom & larger Properties

37 Active listings

2 New listings

0 Price changes

10 Multi-family active listings

23 Single-family active listings

2 DABOs

  • 464 Newark St., 2B listed Jul 28 for $999K;
  • 319 Park Ave., 2 listed Jun 19 for $999K;
4 Sold
  • 719 Monroe St., 2 listed Jun 1 for $849K; sold for $849K;
  • 315 Monroe St., 1 listed Jun 14 for $900K; sold for $950K;
  • 1100 Maxwell Ln., 433 listed May 11 for $1.775M; reduced Jun 8 to $1.750M; reduced Jun 19 to $1.690M; sold for $1.630M;
  • 1225 Park Ave., listed May 26 for $2.399M; sold for $2.310M;

Posted by Nathan Turoff | Currently No Comments »

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