The Hoboken & Downtown JC Open House Google Map for Saturday, April 6th & Sunday, April 7th 2013
Categories: For Buyers, Hoboken Brownstones, Hoboken Condos, Hoboken New Construction, Jersey City Condos, Open House
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:
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:
- open house date
- time
- unit size
- asking price
- link to all the info found on the MLS and more (from ourHobokensBestHomes.com IDX feed.)
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The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of April 3rd, 2013
Categories: For Buyers, For Sellers, Hoboken Brownstones, Hoboken Condos, Hoboken New Construction, Market Analysis, Weekly Wednesday Wrap Up
This Week’s Residential Property Sales & Activity:
202 active Hoboken listings:
- 187 Condo & Co-op listings, compared to 180 last week
- 15 Single- and multi-family listings, compared to 12 last week
- 15 DABOs (Deposit Accepted By Owner i.e. under contract) vs 18 last week
- 16 Sold vs. 23 last week
- 39 New listings vs. 52 last week
- 11 Price changes vs. 13 last week
- 0 expired listing vs. 0 last week
1 Bedroom & Studio Properties
13 New listings
6 Price changes
71 Active listings
6 DABOs
- 134 Garden St., 1 listed April 2 for $320K;
- 1107 Washington St., 8 listed Mar 1 for $350K;
- 222 Grand St., 1C listed Jan 31 for $399K;
- 155 14th St., 2R listed Mar 2 for $449K;
- 1125 Maxwell Ln., 571 listed Mar 25 for $679K;
- 1125 Maxwell Ln., 923 listed Mar 19 for $698K;
6 Sold
- 307 Monroe St., 4 listed Sept 24 for $277K; sold for $276K;
- 520 Jefferson St., 1 listed Jan 2 for $295K; sold for $280K;
- 920 Hudson St., 5E listed Jan 8 for $399K; sold for $375K;
- 725 Jefferson St., 25 listed Jan 17 for $390K; sold for $390K;
- 300 Newark St., 4K listed Jan 8 for $445K; sold for $430K;
- 1450 Washington St., 702 listed Dec 21 for $578K; sold for $572K;
2 Bedroom Properties
17 New listings
3 Price changes
88 Active listings
7 DABOs
- 89 Grand St., C listed Mar 18 for $499K;
- 830 Monroe St., 6A listed Feb 26 for $575K;
- 727 Monroe St., 404 listed Mar 14 for $599K;
- 407 Monroe St., 5B listed Mar 5 for $600K;
- 708 Grand St., 2 listed Mar 18 for $625K;
- 610 Madison St., 2 listed Mar 12 for $629K;
- 90 Madison St., 1 listed Mar 11 for $839K;
- 323 Jackson St., 302 listed Oct 25 for $379K; sold for $375K;
- 131 Monroe St., 3N listed Jan 12 for $403K; sold for $410K;
- 728 Willow Ave., 2(1R) listed Feb 1 for $539K; sold for $525K;
- 830 Monroe St., 3C listed Jan 25 for $524K; sold for $525K;
- 727 Monroe St., 406 listed Jan 21 for $565K; sold for $565K;
- 331 Jefferson St., 3 listed Dec 18 for $589K; sold for $570K;
- 1450 Washington St., 317 Listed Jan 30 for $850K; sold for $850K;
- 1500 Hudson St., 10R listed May 28 for $850K; sold for $861K;
- 1500 Hudson St., 11E listed Dec 20 for $950K; sold for $940K;
3 Bedroom & Bigger Properties
9 New listings
2 Price changes
35 Active listings
8 Multi-Family Active listings
2 DABO’s
- 412 Washington St., 4B listed Mar 13 for $579K;
- 1117 Park Ave., listed Mar 14 for $1.350M;
- 618 Garden St., listed April 20, 2012 for $1.250M; sold for $1.185M;
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Is The Inventory Shortage Choking the Hoboken Condo Market?
Categories: For Buyers, For Sellers, Market Analysis
There have been stories in the press about the Manhattan inventory shortage driving up prices. Similar things are going on here in Hoboken, as well. Let’s extrapolate from that article and see how Hoboken plays out:
For the 1st quarter of 2013, average sales price for a Hoboken condo was $550k, a 10% increase year-over-year. Meanwhile median sales price jumped to $535k – an ALL TIME HIGH for Hoboken condos. This figure represents a more than 18% year-over-year increase.
Looking at activity – there were 137 deals closed in the 1st quarter of 2013. Exactly the same number as in the 1st quarter of 2012.
“This is what happens when you take both hands and choke off supply by the throat,” said Jonathan Miller, president of Miller Samuel and the author of the Elliman report. He was speaking about Manhattan but Hoboken has a similar chokehold driving up prices. Hoboken inventory fell to an all time low of 107 units for Q1 of 2013 from 345 a year ago. That’s more than a 200% drop!
I was amused when a buyer recently told me that they weren’t going to get involved in “bidding wars”. (We like to call them ‘multiple offer situation’). I thought to myself, then you are not likely to purchase an apartment in Hoboken any time soon.
If you are interested, here is the link to the raw data – quarterly sales results going back to 2000. Please note that the numbers are all pulled from the MLS but – the numbers change every time I go back and double check them. Inaccurate reporting by agents, fudging dates, duplication, lack enforcement of reporting rules. They are pretty good – I’d say 95+% accurate – but not perfect. They are, however, the only source we’ve got and I do the best I can with that.
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