2016 Apr 13th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of  April 13th, 2016

Good day, HREN readers!

Here is this week’s Wrap Up.  While you are at your computer, if you would take a moment to go to our Facebook page and “like” us you’ll have a source for even more great real estate related news.

If you’d like to see any properties this weekend or are curious to know what your current property might sell for in this crazy market – the Turoff Team is ready to help you!  Just give us a call at 201 993 9500 or email: TuroffTeam at gmail.com  (we write it like that to avoid robots but you know you need to use the @ sign).  It would be our pleasure to share our knowledge with you one-on-one.

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As of April 13,  2016:

  • 183 active Hoboken listings
  • 161 Condo & Co-op listings, compared to 152 last week
  • 12 Single-family listings, compared to 13 last week
  • 10 Multi-family listings, compared to 11 last week

 

This Week’s Residential Property Sales & Activity:

  • 23 DABOs (Deposit Accepted By Owner and Under Contract) vs 15 last week
  • 15 Sold vs 20 last week
  • 43 New listings vs. 44 last week
  • 16 Price changes vs. 8 last week
  • 0 expired listings vs. 1 last week

 

Studio & 1-Bedroom Properties

42 Active listings

9 New listings

3 Price changes

7 DABOs

  • 423 Jefferson St., 12 listed Mar 30 for $319K;
  • 217 Bloomfield St., 202 listed Mar 30 for $345K;
  • 612 Adams St., 4 listed Mar 24 for $489K;
  • 337 Park Ave., 1 listed Mar 22 for $525K;
  • 1500 Washington St., 9W listed April 5 for $595K;
  • 80 Bloomfield St., 5B listed Mar 31 for $599K;
  • 813 Garden St., 1 listed Mar 31 for $650K;

5 Sold

  • 601 Monroe St., 2C listed Feb 14 for $335K; sold for $335K;
  • 400 Madison St., 2 listed Feb 10 for $439K; sold for $435K;
  • 114 Willow Ave., A listed Feb 5 for $459K; sold for $465K;
  • 1425 Garden St., 203 listed Oct 3 for $899K; reduced Oct 29 to $839K; reduced Jan 2 to $789K; sold for $755K;
  • 1100 Maxwell Ln., 406 listed Jan 4 for $899K; reduced Jan 22 to $875K; sold for $872K;

 

2-Bedroom Properties

77 Active listings

20 New listings

6 Price changes

11 DABOs

  • 420 Monroe St., 2L listed Mar 15 for $385K;
  • 331 Adams St., 3 listed Feb 10 for $519K;
  • 337 Park Ave., 2 listed Mar 10 for $549K; reduced Mar 29 to $539K;
  • 132 Adams St., 1 listed April 6 for $565K;
  • 253 10th St., 4R listed Feb 22 for $605K;
  • 607 Madison St., A listed Mar 22 for $699K;
  • 1100 Clinton St., 303 listed Mar 30 for $720K;
  • 713 Adams St., 1 listed April 5 for $815K;
  • 1500 Washington St., 12L listed Mar 23 for $1.059M;
  • 113 Willow Ave., 4 listed April 5 for $1.089M;
  • 1025 Maxwell Ln., 911 listed Mar 2 for $1.155M;
8 Sold
  • 809 Park Ave., 5L listed Sept 18 for $425K; sold for $406K;
  • 610 Newark St., 4H listed Dec 17 for $628K; reduced Jan 22 to $619K; sold for $600K;
  • 700 1st St., 15T listed Feb 18 for $629K; sold for $632K;
  • 820 Hudson St., 3-2 listed Oct 23 for $749K; sold for $680K;
  • 415 Newark St., 7A listed Jan 7 for $725K; sold for $750K;
  • 1023 Clinton St., 5D listed Feb 3 for $845K; sold for $845K;
  • 1100 Maxwell Ln., 423 listed Nov 18 for $1.225M; sold for $1.20M;

 

3-Bedroom & Larger Properties

42 Active listings

14 New listings

7 Price changes

10 Multi-Family Active listings

12 Single-Family Active listings

5 DABOs

  • 220 Jefferson St., 4A listed April 4 for $690K;
  • 263 7th St., listed Mar 28 for $999K;
  • 310 2nd St., 6 listed Mar 30 for $1.350M;
  • 1111 Bloomfield St., listed April 5 for $1.799M;
  • 614 Hudson St., listed April 5 for $2.675M;

2 Sold

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Posted by Nathan Turoff | Currently No Comments »

2016 Apr 9th

The Hoboken & Downtown JC Open House Google Map for Saturday, April 9th & Sunday, April 10th, 2016

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:

hoboken-open-house

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 »

2016 Apr 8th

The Hoboken Condo Quarterly Sales Results

I have the mother of all spread sheets. Seriously – it goes to column “BO”.  Sixteen years of data. I like tracking the market. I like it because I want to know how my property value has changed. Isn’t that what Zillow purports to do with their inaccurate Zestimates ? You know why they are so inaccurate? Because Zillow pulls data from public sources, like the tax records and then uses a “propriety formula”, a fancy name for an algorithm, to come up with the value of your home. Problem is, the algorithm contains sales of houses and not just condos. So in an urban area like Hoboken, they are especially poor predictors.

As a realtor, I have the advantage of being able to access the MLS and get the actual closed sales data from the MLS. Granted, agents make mistakes in entering the data but its pretty close to correct. I then crunch those real closed sales figures and prepare my quarterly chart.  It’s loaded with great info and for you financial types who like studying spreadsheets and manipulating the numbers, you’d love it.  I’m not going to give it away.  I’ll share it with you if you would kindly do something for me.  Go to Facebook and “like” HobokenRealEstateNews.  I’ll then message you the spread sheet.  Believe me, it’ll be worth it.  You may even enjoy the feed – Howie posts great real estate jokes.

In the meantime – here is a teaser.  I find the visual more compelling than a chart.  The story is so clear.  If you have any inkling of selling your Hoboken condo, now would be a really good time and if you contact me, I’d be so happy to do that for you.  Yes, we are extremely good at what we do.  But that’s another post.  Smart people debate if median matter more than average so I’ll give you both.  Enjoy.

median

 

Avg sale price

 

Posted by Lori Turoff | Currently 8 Comments »

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