2016 Apr 6th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of  April 6th, 2016

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As of April 6 2016:

  • 176 active Hoboken listings
  • 152 Condo & Co-op listings, compared to 129 last week
  • 13 Single-family listings, compared to 10 last week
  • 11 Multi-family listings, compared to 8 last week

This Week’s Residential Property Sales & Activity:

  • 15 DABOs (Deposit Accepted By Owner and Under Contract) vs 20 last week
  • 20 Sold vs 13 last week
  • 44 New listings vs. 25 last week
  • 8 Price changes vs. 11 last week
  • 1 expired listing vs. 0 last week

Studio & 1-Bedroom Properties

43 Active listings

11 New listings

2 Price changes

3 DABOs

  • 157 7th St., 3 listed Mar 28 for $400K;
  • 814 Washington St., 3 listed Mar 18 for $599K;
  • 813 Garden St., 1 listed Mar 31 for $650K;

8 Sold

  • 410 Jefferson St., 2R listed Dec 2 for $349K; reduced Dec 16 to $339K; reduced Jan 28 to $330K; reduced Jan 29 to $325K; sold for $320K;
  • 1034 Clinton St., 108 listed Feb 24 for $459K; sold for $459K;
  • 700 1 st St., 15U listed Jan 27 for $525K; sold for $518K;
  • 2 Constitution Ct., 415 listed Dec 22 for $536K; sold for $536K;
  • 1100 Maxwell Ln., 619 listed Jun 11 for $605K; increased Jun 24 to $610K; sold for $607K;
  • 1500 Hudson St., 12 listed Feb 21 for $659K; sold for $670K;
  • 1125 Maxwell Ln., 426 listed Feb 4 for $789K; sold for $$789K;
  • 1125 Maxwell Ln., 823 listed Jan 8 for $815K; sold for $790K;

2-Bedroom Properties

71 Active listings

15 New listings

2 Price changes

11 DABOs

  • 420 Monroe St., 2L  listed Mar 15 for $385K;
  • 815 Willow Ave., 3L listed Mar 4 for $500K;
  • 620 Jefferson St., B listed Mar 30 fr $555K;
  • 253 10th St., 4R listed Feb 22 for $605K;
  • 919 Park Ave., 1L listed Feb 18 for $649K; reduced Mar 11 to $625K;
  • 78 Monroe St., 3  listed Mar 28 for $695K;
  • 728 Willow Ave., 1L listed Mar 29 for $695K;
  • 82 Clinton St., 3F listed Jan 19 for $739K; reduced Feb 26 to $699K;
  • 830 Monroe St., 4D listed Nov 7 for $759K;
  • 84 Adams St., 3F listed Mar 18 for $795K;
  • 1125 Maxwell Ln., 803 listed Mar 17 for $1.550M;
10 Sold
  • 235 Monroe St., 5 listed Jan 8 for $369K; sold for $360K;
  • 331 Grand St., 5 listed Jan 11 for $499K; sold for $535K;
  • 51-53 14th St., 3A listed Sept 21 for $725K; reduced Oct 23 to $700K; sold for $685K;
  • 901 Madison St., 3E listed Jan 27 for $679K; sold for $700K;
  • 1331 Grand St., 604 listed Jan 7 for $750K; sold for $750K;
  • 1500 Washington St., 8D listed Mar 7 for $960K; sold for $958K;
  • 84 Willow Ave., 2B listed Dec 21 for $1.104M; reduced Jan 26 to $923K; sold for $960K;
  • 1500 Washington St., 6E listed Jan 5 for $1.150M; sold for $$1.135M;
  • 1500 Hudson St., 5E listed Jan 2 for $1.250M; sold for $1.20M;
  • 1100 Maxwell Ln., 808 listed for Jan 4 for $1.250M; sold for $$1.244M;

3-Bedroom & Larger Properties

38 Active listings

18 New listings

4 Price changes

11 Multi-Family Active listings

13 Single-Family Active listings

1 DABO

  • 830 Monroe St., 2G listed Mar 9 for $1.165M;

2 Sold

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Posted by Nathan Turoff | Currently No Comments »

2016 Apr 2nd

The Hoboken & Downtown JC Open House Google Map for Saturday, April 2nd & Sunday, April 3rd, 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 1st

Is it a Bad Thing to Try to Sell Your Hoboken Condo when it’s Vacant?

Not every Hoboken seller is selling their occupied primary residence.  Many people moved away from Hoboken when the sales market was not as robust as it is now and rented their condo rather than sell during a down market.  Other investors purchased when prices were low and are selling now to earn a profit.  There are also sellers who, for a variety of reasons (i.e. new job etc.) need to move into a new home before selling their old one.  In all of these cases, they will have to show an empty apartment to potential buyers and they often ask me if that will affect the chances of the property getting sold or reduce the amount they can expect to receive.  Should the seller keep the home furnished (or pay to have it staged) during the listing period?  If the home remains empty, will it be possible to get a good or as good a price?

If you are the proud owner of an empty home, you may have many more questions.  While these are all legitimate doubts, I believe that selling an empty property isn’t difficult.  However, you should do a few things to make your home ready for showings.  Selling a vacant property will not be detrimental if you take the right steps.

First of all, when buyers take a look at your home, they must not get the impression that it has been neglected.  This is very important.  Here are a few tips to improve the appearance of your empty condo:

Living RoomGive your walls a makeover

A fresh coat of paint will greatly improve the appearance of your home.  It will remove dirt and stains from the walls and correct minor cosmetic flaws.  It will also make the home look well-maintained.  That is exactly what buyers want.

While painting your walls, forget about your personal preferences.  You might like vivid colors, but the buyer may not have the same taste.  Choose neutral colors in light shades.  They are a safe bet and likely to appeal to the greatest audience.  Another advantage of choosing lighter shades is that they will make the rooms look larger.

The Turoff Team at KW City Life have relationships with skilled painters and contractors that do excellent work at a fair price.  We can introduce you, and can help to arrange for and supervise the work if you are not available to do that yourself.

Enhance the curb appeal

If you are lucky enough to own a home with some sort of outdoor space (a terrace, balcony or garden) keeping that area well-maintained will easily add to the amount you receive and may be the difference between one and multiple offers.  Buy plants and don’t let them die in your absence.  If you don’t have the time to tend to them, you should get someone to do it.  Also remove all those unsightly structures (like beat up picnic tables or rusty BBQs).  Make sure the grass is mowed and pick up after the tenants dog if they left you “presents.”  This may all seem obvious to you, but trust me, I’ve seen it all.

Keep your fixtures in working condition

It boggles my mind how many properties I go to show to potential buyers where the lights don’t work.  Your light fixtures must be in working condition.  If the lights don’t work or there are burned out bulbs, replace them promptly.  Even minor fixes can increase the curb appeal of your home.

Keep it dust-free

If the home is empty, dust will easily accumulate on the floor.  Don’t forget to sweep the floors before buyers walk in.  Also dust the counters and surfaces.  The insides of the cabinets, too, need to be cleaned.  Potential buyers will likely look at them.  Hire a professional cleaning company to give the place a once-over before you list and make sure they windex the windows.  Nothing makes a place look more inviting than sunlight streaming through crystal clear windows.  The Turoff Team knows of reliable cleaning services too!

Have your floor plan close at hand

Empty homes look larger than they are.  So buyers may have difficulty figuring out the actual size of the rooms.  If visitors request a floor map, you should be able to give it.  You must at least know the dimensions of the rooms.  FYI – The Turoff Team at KW City Life is the only Realtor team in Hoboken that I know of that has a licensed architect on staff.

Get the price right

Your home is as valuable as comparable homes in the neighborhood.  Just because it has been lying empty, it is not worth any less.  You must have decided on a competitive selling price before listing the home.  The Turoff Team at KW City Life knows the sales price of comparable homes in Hoboken and Jersey City and we are here to help you.

Stage it

Finally, you should be aware that a staged apartment will help buyers visualize how their furniture may look in the unit.  Many first-time buyers lack the ability to conceptualize how a vacant apartment will look with furniture.  Fully staging an apartment with rented furniture is expensive and time consuming.  I am a certified staging professional and can share with you many tricks to make a vacant unit appear warm and inviting with minimal staging and at very little cost.  Call me to schedule a consultation.  The Turoff Team at KW City Life is ready to help you sell your apartment quickly and for the most money possible.

Posted by Lori Turoff | Currently No Comments »

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