2019 Jan 9th

The Hoboken Weekly Wednesday Wrap Up for the Week Ending 1/9/19

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Week ending January 9th, 2019:

  •  208 active Hoboken listings
  •  186 Condo & Co-op listings,
  • 22 Single-family and Multi-family  

This Week’s Residential Property Sales & Activity:

Studio & 1-Bedroom Properties

54 Active

13 New

None Pending

5 Sold

2-Bedroom Properties

85 Active

19 New

9 Pending

2 sold

3-Bedroom & larger Properties

46 Active

9 New

None Pending

1 Sold

  • 71 Monroe 401, listed 10/4 for $1.56mil, sold for $1.41mil.

The information provided in this private transmission is only for the personal, non-commercial use of you, the consumer.  It may not be reproduced or distributed in any manner.  It may not be used for any purpose other than to identify prospective properties you the consumers may be interested in purchasing or renting.

Sales numbers rounded up for convenience.  Information is deemed to be reliable but not guaranteed.

Posted by Lori Turoff | Currently No Comments »

2019 Jan 6th

Every Picture Tells a Story

I was looking through AirBnB listings the other evening and was just blown away by the quality of the photography. Given that many AirBnB properties are listed on the site by the individual property owners, it was astonishing to me that the photos were of a much higher caliber than most photos realtors post on the MLS and other property sites. What is up with that?

Here’s a perfect example of terrible photography – likely taken by the agent with a cell phone. This really does a disservice to one’s client. Would it really have been too much trouble to move the Costco packages of rolls of bathroom tissue and paper towels out of the frame?  There is even a facebook group called Really Bad MLS Photos.  Worth a look for a laugh.

One of my clients kindly sent me some info on the growth of AirBnB. The article explains how AirBnB started a professional photography program to help hosts market their properties. Now, some realtors, like us, hire professional photograhers for every listing. Many, however, do not and it shows.  AirBnB has a photography program embedded right into its offerings for hosts.  The cost of the photo shoot comes right from the proceeds of future bookings.  They claim that hosts with professional photos see a 40% increase in earnings, 24% more bookings and a 26% higher nightly rate.  I believe it.  The real estate industry might be smart to learn from their innovative way of doing business.

Posted by Lori Turoff | Currently 3 Comments »

2019 Jan 4th

The December Hoboken Condo Sales Results

Wow. Three bedrooms in Hoboken are hovering near the $2-million mark. There are a bunch of really large, new construction condos on the market recently. Noticing buyers’ appetite for high-end finishes and family-friendly spaces, developers are addressing a previously underserved niche and it is paying off in kind. But to get into one of these new, shiny homes, you will need to pony up. Taxes on a $2-million property would be about $24,000 a year. Welcome to New Jersey! Despite the recent daily debacle of the Dow, the Hoboken real estate market remains quite strong. Location, location, location, as they say.

Posted by Lori Turoff | Currently No Comments »

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