2014 Mar 14th

The Hoboken & Downtown JC Open House Google Map for Saturday, March 15th & Sunday, March 16th, 2014

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:

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Posted by Nathan Turoff | Currently No Comments »

2014 Mar 12th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of March 12th, 2014

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As of March 12, 2014:

  • 177 active Hoboken listings
  • 161 Condo & Co-op listings, compared to 149 last week
  • 6 Single-family listings, compared to 4 last week
  • 10 Multi-family listings, compared to 6 last week

This Week’s Residential Property Sales & Activity:

  • 15DABOs (Deposit Accepted By Owner and Under Contract) vs. 22 last week
  • 16 Sold vs 18 last week
  • 45 New listings vs. 37 last week
  • 9 Price changes vs. 6 last week
  • 0 expired listings vs. 2 last week

Studio & 1-Bedroom Properties

94 Active listings

17 New listings

8 Price changes

7 DABOs

  • 128 Garden St., B listed Feb 25 for $375K; reduced Mar 9 to $100K;
  • 128 Garden St., 1 listed Feb 25 for $400K; reduced Mar 9 to $125K;
  • 328 Madison St., 3L listed Feb 27 for $279K;
  • 1027 Washington St., 1R listed Dec 6 for $329K;
  • 227 Park Ave., 2 listed Feb 27 for $419K;
  • 1200 Grand St., 425 listed Feb 28 for $455K;
  • 800 Jackson St., 613 listed Mar 5 for $469K;

4 Sold

  • 712 Willow Ave., 2D listed Jan 10 for $290K; sold for $285K;
  • 650 2nd St., 3G listed Jan 2 for $389K; sold for $374K;
  • 217 Bloomfield St., 102 listed Nov 7 for $439K; sold for $435K;
  • 1025 Maxwell Ln., 1115 listed Aug 7 for $575K; sold for $545K;

2-Bedroom Properties

47 Active listings

17 New listings

1 Price change

7 DABOs

  • 812 Bloomfield St., 4 listed Oct 23 for $579K; reduced Nov 19 to $549K;
  • 812 Bloomfield St., 3 listed Oct 23 for $579K; reduced Nov 19 to $549K;
  • 333 Garden St., 1 listed Mar 4 for $565K;
  • 72 Monroe St., 3 listed Feb 9 for $565K;
  • 1200 Grand St., 521 listed Feb 27 for $610K;
  • 1200 Grand St., 627 listed Mar 6 for $635K;
  • 501 Adams St., 1B listed Mar 5 for $639K;
9 Sold
  • 550 2nd St., 1F listed Feb 5 for $429K; sold for $396K;
  • 827 Washington St., 4A listed Jan 16 for $479K; sold for $485K;
  • 828 Washington St., 4 listed Nov 8 for $549K; reduced Dec 5 to $524K; sold for $530K;
  • 100 Garden St., 3A listed Oct 28 for $558K; sold for $545K;
  • 700 1st St., 8V listed Jan 23 for $554K; sold for $560K;
  • 700 1st St., 3W listed Dec 9 for $565K; sold for $560K;
  • 501 Adams St., 1D listed Jan 10 for $525K; sold for $565K;
  • 132 Monroe St., 3A listed Jan 8 for $589K; sold for $589K;
  • 1100 Adams St., 512 listed Dec 7 for $685K; sold for $685K;

3-Bedroom & Larger Properties

20 Active listings

11 New listings

0 Price changes

10 Multi-Family Active listings

6 Single-Family Active listings

1 DABO

  • 520 Park Ave., 4 listed Feb 20 for $725K;

3 sold

Posted by Nathan Turoff | Currently No Comments »

2014 Mar 10th

How Much Over Asking?

The question of the day is “how much over asking do I have to bid” when there are multiple offers.  My answer is always the same.  You should pay one dollar less than the amount where you don’t care if the other guy gets the property instead of you.

We agents have no way of knowing which properties receive multiple offers or how many they receive.  When there are multiple offers, we don’t know what the other offers are even when our buyers are involved.  We don’t know why the seller picks one buyer over another (though it is often a combination of price and terms like deposit amount and closing date).  But I can tell you this – multiple offers have become the norm today.

I looked at all 2 bedroom or bigger properties on the MLS that closed since June of 2013.  Of 181 closings here are the stats:

Now, keep in mind that not all of those 76 necessarily involved multiple bidders.  I often advise buyers that if they really want a property, and come in first with a strong (i.e., full price) offer, they may put off other buyers.  But I found it interesting, nonetheless, at how many deals were over asking.  I suspect if I were to repeat this exercise in 6 months, which I will, the results would be even more startling.

Posted by Lori Turoff | Currently 7 Comments »

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