2017 May 22nd

List Low – Sell High. Especially in Hoboken

Pricing a Hoboken Condo for Sale

I have had multiple conversation with sellers about how to price their Hoboken condo. With all properties, there exists a range of “reasonable” prices. Prices at which potential buyers won’t think, “OMG you’re got to be kidding”. Very often, the seller assumes pricing on the high end of that range will reap the highest sales price. Not true.

Selling a property is in large part a numbers game. The more views a seller gets, the more likely one is going to turn into an offer. Even more views, more offers. Many offers means some variety of “final and best” and the price gets bid up by the interested buyers. It takes a leap of faith for a seller to subscribe to the view that listing low yields high.

Here is a perfect example. 532 Bloomfield St. Four days on the market.

Screen Shot 2017-05-22 at 3.30.11 PM

 

 

 

 

 

 

 

 

 

 

 

 

Listed at $999,999 (lower than the Zestimate of $1,039,522).  But also under the million dollar mark.  Buyers have real resistance to paying the 1% mansion tax on over a million dollar properties – they often say they won’t even look at listings over that threshold, until they see them and want them. Property closed today for $1,165,000.(And it’s not the only example of a lower list price bringing way-over-asking sales prices.)

 

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Posted by Lori Turoff | Currently No Comments »

2017 May 20th

The Hoboken & Downtown JC Open House Google Map for Saturday, May 20th & Sunday, May 21st, 2017

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 »

2017 May 17th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of May 17th, 2017

To see live links to these listings, please complete this little form and you will be redirected to the same page with clickable links:

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As of May 17, 2017:

  • 178 active Hoboken listings
  • 128 Condo & Co-op listings, compared to 128 last week
  • 31 Single-family listings, compared to 31 last week
  • 15 Multi-family listings, compared to 14 last week

 

This Week’s Residential Property Sales & Activity:

  • 15 DABOs (Deposit Accepted By Owner and Under Contract) vs 12 last week
  • 16 Sold vs 14 last week
  • 36 New listings vs. 25 last week
  • 10 Price changes vs. 13 last week
  • 1 expired listing vs. 1 last week

 

Studio & 1-Bedroom Properties

39 Active listings

10 New listings

2 Price changes

3 DABOs

  • 405 5th St., 3B listed May 5 for $425K;
  • 328 Garden St., 1 listed April 28 for $670K;
  • 1425 Garden  St., 204 listed April 18 for $749K;

4 Sold

  • 1001 Clinton St., 2E listed Jan 24 for $549K; reduced Feb 22 to $525K; sold for $515K;
  • 1500 Washington St., 8H listed Feb 23 for $590K; sold for $591K;
  • 150 14th St., 302 listed Mar 9 for $825K; sold for $843K;
  • 1100 Maxwell Ln., 906 listed Mar 11 for $949K; sold for $927K;

 

2-Bedroom Properties

58 Active listings

20 New listings

4 Price changes

9 DABOs

  • 1110 Park Ave., 5L listed May 4 for $569K;
  • 1228 Park Ave., 1 listed May 4 for $635K;
  • 312 Madison St., 2B listed April 20 for $679K;
  • 1108 Hudson St., 5B listed May 1 for $700K;
  • 726 Adams St., 4A listed May 10 for $729K;
  • 109 Grand St., 401 listed May 2 for $869K;
  • 415 Newark St., 5D listed May 10 for $899K;
  • 1206 Washington St., A listed April 21 for $999K;
  • 1425 Garden St., 305 listed Mar 24 for $1.199M: reduced April 17 to $1.165M; reduced May 8 to $1.125M;
7 Sold
  • 920 Hudson St., 1B listed Feb 10 for $635K; sold for $650L’
  • 620 Jefferson St., B listed Mar 16 for $619K; sold for $653K;
  • 610 Newark St., 8B listed Dec 28 for $679K; sold for $675K;
  • 225 Clinton St., 4 listed Mar 27 for $759K; sold for $769K;
  • 321 Adams St., 7 listed Mar 29 for $799K; sold for $793K;
  • 83 Grand St., 2A listed Mar 7 for $825K; sold for $900K;
  • 1100 Maxwell Ln., 303 listed Jan 4 for $$1.275M; sold for $1.250M;

 

3-Bedroom & Larger Properties

37 Active listings

6 New listings

4 Price changes

15 Multi-Family Active listings

29 Single-Family Active listings

3 DABOs

  • 1139 Garden St., listed May 5 for $1.399M;
  • 420 Hudson St., 1 listed Mar 24 for $2.0M; reduced April 19 to $1.940M;
  • 725 Park Ave., listed May 1 for $2.860M;

5 Sold

Posted by Nathan Turoff | Currently 3 Comments »

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