The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of March 19th, 2014
As of March 19, 2014:
- 192 active Hoboken listings
- 176 Condo & Co-op listings, compared to 149 last week
- 6 Single-family listings, compared to 6 last week
- 10 Multi-family listings, compared to 10 last week
This Week’s Residential Property Sales & Activity:
- 27 DABOs (Deposit Accepted By Owner and Under Contract) vs. 15 last week
- 13 Sold vs 16 last week
- 49 New listings vs. 45 last week
- 4 Price changes vs. 9 last week
- 3 expired listings vs. 0 last week
Studio & 1-Bedroom Properties
94 Active listings
14 New listings
3 Price changes
- 565 1st St., 8 listed Feb 14 for $235K;
- 356-360 6th St., 1L listed Feb 25 for $340K;
- 501 Adams St., 4h listed Mar 5 for $375K;
- 920 Jefferson St., 501 listed Feb 4 for $399k;
- 218 Madison St., 2RS listed Dec 3 for $399K;
- 1001 Clinton St., 2B listed mar 12 for $415K;
- 636 5th St., 205 listed Feb 18 for $415K;
- 812 Grand St., 503 listed Mar 4 for $456K;
- 700 1st St., 12L listed Feb 19 for $500K;
- 600 1st St., 10 listed Feb 20 for $579K;
- 63 Jefferson St., 1A listed Oct 25 for $185K; reduced Nov 25 to $170K; reduced Dec 10 to $150K; sold for $125K;
- 132 Adams St., 6 listed Oct 5 for $309K; reduced Nov 4 to $299K; reduced Nov 27 to $284K; sold for $273K;
- 209 Bloomfield St., 5 listed Jan 27 for $299K; sold for $299K;
- 931 Park Ave., 4L listed Jan 29 for $370K; sold for $361K;
- 501 9th St., 213 listed Jan 2 for $395K; sold for $406K;
- 300 Newark St., 1A listed Jan 20 for $450K; sold for $455K;
- 1500 Garden St., 8B listed Mar 17 for $930K; sold for $930K;
62 Active listings
28 New listings
1 Price change
- 734 Adams St., 1B listed Feb 25 for $295K;
- 323 Jackson St., 502 listed Feb 24 for $429K
- 621 Monroe St., 5A listed Mar 12 for $550K;
- 416-418 Grand St., 5A listed Mar 13 for $560K;
- 219 Grand St., 2B listed Mar 7 for $595K;
- 259 12th St., 1B listed Mar 3 for $595K;
- 635 6th St., 2A listed Feb 18 for $625K;
- 82 Clinton St., 4E listed Mar 5 for $699K;
- 1200 Grand St., 531 listed Mar 14 for $710K;
- 705 Adams St., 2 listed Mar 5 for $735K;
- 114 Bloomfield St., 1 listed Feb 12 for $735K;
- 415 Newark St., 8E listed Mar 12 for $749K;
- 128 Adams St., 5 listed Feb 28 for $850K;
- 636 5th St., 202 listed Jan 6 for $539K; sold for $540K;
- 222 Bloomfield St., 3F lsited Nov 13 for $565K; sold for $550K;
- 624-626 Monroe St., 3A listed Jan 11 for $599K; sold for $604K;
- 800 Jackson St., 306 listed Feb 6 for $600K; sold for $610K;
- 94 Adams St., 2 listed Oct 17 for $775K; sold for $780K;
- 1025 Maxwell Ln., 308 listed Jan 20 for $899K; sold for $875K;
3-Bedroom & Larger Properties
20 Active listings
7 New listings
0 Price changes
10 Multi-Family Active listings
6 Single-Family Active listings
- 60 Willow Terrace listed Sept 25 for $565K; reduced Jan 15 to $545K;
- 650 2nd St., 5C listed Mar 5 for $850K;
- 1118 Bloomfield St., listed Mar 5 for $2.10M;
- 913 Hudson St., listed Mar 7 for $3.50M;
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It was a another typical weekend in the Hoboken real estate market. It’s always amusing what I see from my perspective. This is a small sampling:
Took a client to a property listed as a 1 bedroom plus den – is was actually a true 2 bedroom. Makes me wonder if the listing agent bothered to check the listing or was even ever at the property. Bathroom had one of those horrendous 1980′s Hollywood light fixtures with 5 bulbs. Three of the bulbs weren’t working and none matched.
Much more common – took another client to a property listed as a 2 bedroom. The second “bedroom” would not fit a bed. These half-rooms are found in older Hoboken buildings but competent agents mention in the remarks something like “small second br perfect for baby’s room or home office”. Nothing like managing the buyer’s expectations.
Took clients to an open house. Listing didn’t bother to mention that building had a common yard. Hosting agent didn’t know which parking space came with unit. Basic information you think a seller might want buyers to know.
Had the usual cluster f**k over keys. One property had three keys that all look identical and are not labeled. All three fit into the lock on the front door of the buildings. None open it immediately. It took about 15 minutes of guessing which key to jiggle and just how to jiggle it before one finally worked. Really? Is it that hard to label a set of keys?
Later incident – listing agent didn’t bother to make multiple sets, didn’t put a lockbox on the property, the receptionist gave them to agent A who gave them to agent B, who gave them to “someone but I don’t know who it was”, etc., etc. These are the keys to a home. You think the sellers are happy that they were handed off to any old stranger?
My favorite was the open house that was advertised from 1 to 3pm. I showed up with my clients at about 1:10. The host was outside futzing with taping a flyer to the door. I said “Good morning. We are here for the open house!”. We’d never met before so she had no idea that I was an also an agent.
Agent: ”I’m not ready yet”
Me, after looking at my watch to confirm time: ”It’s after 1pm, no?”
Agent: ”Well, parking in this town is always a problem”.
Way to sell a property in Hoboken! Did your sales coach teach you that technique? Especially because this is a unit in a building which has deeded parking but this particular unit does not come with a spot. But they do advertise rental parking in a municipal lot a block away, where she easily could have parked. When she finally finished grumbling, she let us in but didn’t bother to turn on the lights. It’s always nice to sell a space in the dark. Oh, and Hoboken is a city, not a town.
I also had at least two calls from agents trying to open the lockbox at my listings. Yes, all the properties we list for sale have lockboxes. If buyers can’t see it you can’t sell it. Basic premise of real estate sales. They couldn’t figure out how to turn the number tumbler and open the box. We decided that as part of the (pathetically inadequate) real estate licensing exam, they ought to distribute the 3 basic types of lockboxes and if a wanna-be agent can’t open them, they don’t get their license.
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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:
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:
- open house date
- unit size
- asking price
- link to all the info found on the MLS and more (from ourHobokensBestHomes.com IDX feed.)
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