2015 Aug 12th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of August 12th, 2015

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As of August 12, 2015:

  • 145 active Hoboken listings
  • 117 Condo & Co-op listings, compared to 134 last week
  • 18 Single-family listings, compared to 18 last week
  • 10 Multi-family listings, compared to 10 last week

This Week’s Residential Property Sales & Activity:

  • 17 DABOs (Deposit Accepted By Owner and Under Contract) vs 13 last week
  • 27 Sold vs 31 last week
  • 20 New listings vs. 13 last week
  • 9 Price changes vs. 8 last week
  • 2 expired listings vs. 0 last week

Studio & 1-Bedroom Properties

29 Active listings

4 New listings

2 Price changes

10 DABOs

  • 708 Willow Ave., 3D listed July 24 for $300K;
  • 533 Monroe St., 4D listed July 23 for $330K; reduced Aug 10 to $320K;
  • 307 Monroe St., 2 listed July 28 for $324K;
  • 414 Madison St., 1R listed July 3 for $335K; reduced Aug 4 to $329K;
  • 818 Jefferson St., 2E listed July 29 for $399K;
  • 450 7th St., 3G listed Jun 25 for $475K;
  • 218 Washington St., 4B listed Aug 3 for $479K;
  • 1500 Hudson St., 2B listed July 28 for $585K;
  • 1450 Washington St., 218 listed July 8 for $699K;
  • 1100 Maxwell Ln., 805 listed July 10 for $900K;

10 Sold

  • 86 Monroe St.. 1L listed Mar 24 for $379K; reduced April 24 to $369K: reduced May 29 to $359K; sold for $354K;
  • 412 Monroe St., 6 listed Jun 16 for $359K; sold for $375K;
  • 93 Garden St., 3 listed May 27 for $379K; sold for $410K;
  • 74 Garden St., 5N listed Jun 4 for $425K; sold for $425K;
  • 80 Park Ave., 3A listed Feb 24 for $500K; reduced April 23 to $479K; sold for $455K;
  • 61 6th St., 2 listed April 21 for $499K: sold for $473K;
  • 729 Madison St., 3F listed May 11 for $479K; sold for $475K;
  • 1500 Hudson St., 4N listed May 6 for $489K; sold for $489K;
  • 1300 Grand St., 615 listed April 1 for $521K; sold for $544K;
  • 1125 Maxwell Ln., 622 listed May 21 for $810K; sold for $785K;

2-Bedroom Properties

61 Active listings

10 New listings

6 Price changes


  • 812 Grand St., 417 listed July 24 for $649K;
  • 536 Grand St., 504 listed Aug 1 for $650K;
  • 360 1st St., 1 listed July 16 for $695K;
  • 1300 Grand St., 513 listed July 30 for $700K;
  • 109 Jackson St., 4B listed July 30 for $720K;
  • 87 Park Ave., A listed May 26 for $999K;
11 Sold
  • 815 Willow Ave., 5R listed Jun 2 for $445K; sold for $445K;
  • 700 1st St., 2P listed May 1 for $669K; sold for $635K;
  • 713 Adams St., 4 listed May 27 for $689K; sold for $680K;
  • 225 Clinton St., 4 listed Jun 18 for $699K; sold for $710K;
  • 81 Monroe St., 4 listed May 14 for $719K; sold for $719K;
  • 2 Constitution Ct., 907 listed Jun 2 for $865K; sold for $865K;
  • 725 Jefferson St., 5 listed May 14 for $880K; sold for $909K;
  • 1100 Adams St., 206 listed April 9 for $1.050M; reduced April 29 to $1.0M; reduced May 14 to $975K; reduced May 28 to $950K: sold for $940K;
  • 606 Adams St., 2 listed May 13 for $980K; sold for $990K;
  • 1025 Maxwell Ln., 306 listed Mar 10 for $1.665M; increased April 8 to $1.67M; sold for $1.650M;
  • 1025 Maxwell Ln., 1200 listed Jun 22 for $2.60M; sold for $2.550M;

3-Bedroom & Larger Properties

27 Active listings

6 New listings

1 Price change

10 Multi-Family Active listings

18 Single-Family Active listings


  • 1025 Maxwell Ln., 1114/1115 listed July 8 for $2.150M;

6 Sold


Posted by Nathan Turoff | Currently No Comments »

2015 Aug 8th

The July Hoboken Condo Sales Results

I’ve read that mortgage rates are going to start going up but very slightly and very slowly. Buyers often say they are afraid that rates are going to make homes unaffordable. I find this sort of funny because while they wait on the sidelines in fear of rising rates, actual home prices in Hoboken continue to skyrocket.

Here are the July numbers:

On average, a Hoboken condo now costs almost $700 a square foot. This month shows another substantial gain over last year, no matter how you measure it. When buyers come to me now asking for a property in Hoboken in the $300,000 range I start touting the merits of Jersey City Heights (and there are some real ones, including appreciation potential).

I heard an interesting fact the other day at a real estate seminar I attended. Inventory in Manhattan is down 32% from a year ago. Lack of inventory is putting price pressure on real estate all over the metro area. It can be extremely frustrating for buyers who are thinking “I’m not paying full price” only to be outbid over and over. It’s very difficult to work for clients with unrealistic expectations. I publish these statistics with the sincere hope that they will shed light on our market – light based on facts, not fear. I’ve never been the pushy salesperson but to succeed in this sellers’ market, some pushing is necessary. I let the analytics do that for me.

Enjoy the gorgeous weather and call me if you need an excellent agent to help you in your real estate search or sale.

201 993 9500

Posted by Lori Turoff | Currently 3 Comments »

2015 Aug 8th

The Hoboken & Downtown JC Open House Google Map for Saturday, August 8th& Sunday, August 9th, 2015


The Original and Best Open House Google Map!

Courtesy of the Turoff Realty Team

No need to register! No form to fill out!

Just 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

When you look at the maps, place markers are color coded:

  • Studios & 1BRs are red
  • 2BRs are green
  • 3BRs & Bigger are yellow
  • New listings are marked with a Push Pin icon (in the same color scheme.)

Click the “Address”, “Price” “Bed” or “Details” columns to sort the list of open houses in ascending or descending order.

Click on the location marker for:

Posted by Nathan Turoff | Currently No Comments »

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