2017 Aug 30th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of August 30th, 2017

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As of August 30, 2017:

  • 155 active Hoboken listings
  • 123 Condo & Co-op listings, compared to 134 last week
  • 22 Single-family listings, compared to 22 last week
  • 10 Multi-family listings, compared to 11 last week

 

This Week’s Residential Property Sales & Activity:

  • 16 DABOs (Deposit Accepted By Owner and Under Contract) vs 11 last week
  • 22 Sold vs 17 last week
  • 14 New listings vs. 22 last week
  • 7 Price changes vs. 5 last week
  • 0 expired listings vs. 1 last week

 

Studio & 1-Bedroom Properties

37 Active listings

4 New listings

3 Price changes

2 DABOs

  • 1400 Hudson St., 535 listed Aug 1 for $855K;
  • 1125 Maxwell Ln., 440 listed Aug 9 for $899K;

5 Sold

  • 1110 Park Ave., G listed Jun 21 for $425K; sold for $440K;
  • 335 Washington St., 2 listed Jul 6 for $499K; reduced Jul 20 to $494K; sold for $480K;
  • 1001 Clinton St., 4E listed Jun 30 for $515K; sold for $538K;
  • 84 Adams St., 5C listed Jul 5 for $679K; sold for $679K;
  • 1125 Maxwell Ln., 1021 listed Jun 15 for $850K; sold for $845K;

 

2-Bedroom Properties

47 Active listings

8 New listings

2 Price changes

12 DABOs

  • 734 Adams St., 3C listed Aug 11 for $465K;
  • 603 1st St., 2 listed Aug 15 for $525K;
  • 563 1st St., 2 listed Aug 16 for $585K;
  • 1000 Hudson St., 201 listed Aug 3 for $665K;
  • 635 Garden St., 2 listed Aug 24 for $699K;
  • 421 Madison St., 2 listed Aug 1 for $759K; reduced Aug 17 to $739K;
  • 89 Grand St., D listed Jul 25 for $759K; reduced Aug 7 to $739K;
  • 700 1st St., 4J listed Jun 22 for $775K;
  • 82 Clinton St., 4B listed Aug 25 for $825K;
  • 1200 Grand St., 405 listed Aug 3 for $839K;
  • 130 Monroe St., A listed Jul 12 for $949K; reduced Aug 9 to $889K;
  • 128 Adams St., 1 listed Aug 8 for $899K;;
7 Sold
  • 518 Monroe St., 2A listed Jun 8 for $679K; sold for $700K;
  • 202 Park Ave., 2 listed Jun20 for $699K; sold for $753K;
  • 700 1st St., 10G listed May 1 for $750K; sold for $770K;
  • 659 1st St., 503 listed May 17 for $900K; reduced Jun 6 to $899K; sold for $865K;
  • 1500 Washington St., 8A listed May 2 for $935K; sold for $925K;
  • 101 Park Ave., 2C listed Jun 28 for $925K; sold for $945K;
  • 1500 Garden St., 4K listed April 22 for $1.398M; sold for $1.375M;

 

3-Bedroom & larger Properties

39 Active listings

2 New listings

2 Price changes

10 Multi-family active listings

22 Single-family active listings

2 DABOs

  • 464 Newark St., 2B listed Jul 28 for $999K;
  • 319 Park Ave., 2 listed Jun 19 for $999K;
10 Sold
  • 407 Adams St., 5 listed Jun 20 fro $830K; sold for $829K;
  • 514 Adams St., 2 listed Jun 13 for $900K; sold for $920K;
  • 502 Monroe St., 302 listed Jun 1 for $1.055M; sold for $1.053M;
  • 604-606 Grand St., 4 listed April 17 for $1.250M; sold for $1.250M;
  • 604 Grand St., 6 listed Jun 23 for $1.275M; sold for $1.280M;
  • 1119 Garden St., listed Jun 19 for $1.599M; sold for $1.610M;
  • 1116 Garden St., listed Jun1 8 for $1.879M; sold for $1.80M;
  • 1225 Bloomfield St., listed Jun 20 for $2.095M; reduced Jun 30 to $1.985M; sold for $1.950M;
  • 1232 Bloomfield St., listed Mar 7 for $2.199M; redcued May 15 to $2.0M; sold for $1.995M;
  • 1125 Willow Ave., listed April 3 for $2.199M; sold for $2.10M;

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Posted by Nathan Turoff | Currently No Comments »

2017 Aug 29th

5 Mistakes Sellers Make

Yes, it is absolutely a seller’s market and has been for a while.  Nonetheless, sellers still make mistakes.

Not Decluttering / Depersonalizing

How you live in your home is not how you sell it.  First of all, if your property is tenant occupied, your best bet is usually to have the tenants vacate and then clean and paint before you even think of selling.  Some staging is always a good idea and can be done quite reasonably.  If you live in the property, you should pack up all your personal memorabilia and put it in storage. Closets often need some work and most sellers with small children need to eliminate a bunch of clutter.  Most homes in our market show like model homes.  If you’re does not, you won’t get the interest or the price you otherwise might.

Not Being Prepared

When you’re selling a condo, it’s vitally important to have your association info organized and ready.  The buyer is going to ask for financials.  Does your association have reserves?  Does it have a budget?  Is 10% of your annual operating expenses allocated as a line item in the budget to be used to replenish reserves?  Who is the management company contact? How much is in reserves? Do you have board meeting minutes?  Is a copy of your Master Deed and By-laws ready to be handed over?  You don’t want to wait until you are in Attorney Review to find all this out.

Not Knowing Where you are Moving to or Having a Plan.

Things sell so quickly, sellers need to have an idea of where their next home will be once they sell.  Perhaps you plan to rent for a while.  Will the landlord give you any flexibility should you then decide to buy?  If you are buying, have you asked your realtor to find you the absolute best agent in the neighborhood you’re thinking of moving to next?  What will you do if your closing is delayed?  There are lots of moving pieces that must be coordinated and advance planning will help the transition be a smooth one.

Not Pricing Right

Pricing a home to sell for the most money possible in the fastest time possible is an art, not a science.  There are a range of acceptable prices for every property but there is also a relationship between price and views.  The lower the price, the more views, the more visits, the more likely you are to get an offer and even multiple offers.  It’s common today for smart agents to recommend prices lower on the range to drive traffic and then let the multiple buyers bid up the sales price.  But remember, in addition to price, a seller should consider downpayment amount, what lender the buyer is using, if the lawyer is local and much more.

Just a few quick thoughts but real issues that make a difference in the success of your sale.  Give us a call at 201 993 9500 to discuss at length how we can help you sell your property.  There is a lot more knowledge and experience to share!

Posted by Lori Turoff | Currently No Comments »

2017 Aug 26th

The Hoboken & Downtown JC Open House Google Map for Saturday, August 26th & Sunday, August 27th, 2017

The Original and Best Open House Google Map!

Courtesy of the Turoff Realty Team:

Contact us at [email protected] or call 201.993.9500 for private viewings or more info on any property.

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

Place markers are color coded:

  • 1BRs are RED
  • 2BRs are GREEN
  • 3+ BRs are YELLOW
  • New listings are marked with a Push Pin icon (in the same color scheme.)

“Address”, “Price” “Bed” or “Details” columns can be sorted in ascending or descending order.

Click the individual location marker for:

Posted by Nathan Turoff | Currently No Comments »

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