2020 Apr 15th

The Hoboken Weekly Wednesday Wrap Up for the Week Ending April 15th

Week ending April 15th, 2020

The market is slowing to a crawl.  Most people are not going to move at this time unless they must.  The transactions below were mostly begun before the crisis.  This is not going to be a normal market for quite some time.  Yet prices are still up there???  Lack of supply, perhaps?  Buckle down for a wild ride!

If you want to see what’s currently for sale in Hoboken?  Just click on the link directly below for all currently active properties.

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Want to see what’s new this week, look down a bit further for the new listing link with properties sorted by price.

  •  177 active Hoboken listings
  •  190 Condo & Co-op listings
  • 22 Single-family and Multi-family  

This Week’s Residential Property Sales & Activity:

Studio & 1-Bedroom Properties

1 Pending.

3 Sold

2-Bedroom Properties

2 Pending

2 sold

3-Bedroom & larger Properties

No pending.

4 Sold

  • 509 Bloom #2, listed 2/28 for $899k, sold for $999k.  (Huh?)
  • 1012 Park #7, listed on 2/6 for $1.05mil, sold for $1.05mil.
  • 828 Park #2, listed 3/8 for $1.595mil, sold for $1.56mil.
  • 1125 Maxwell 1210, listed 1/17 for $1.9mil, sold for $1.84mil.

The information provided in this private transmission is only for the personal, non-commercial use of you, the consumer.  It may not be reproduced or distributed in any manner.  It may not be used for any purpose other than to identify prospective properties you the consumers may be interested in purchasing or renting.

Sales numbers rounded up for convenience.  Information is deemed to be reliable but not guaranteed.

Posted by Lori Turoff | Currently No Comments »

2020 Apr 13th

Big Change in Mortgage Situation – Hoboken Condo Buyers Need to Know

JP Morgan Chase has announced that it is raising requirements for mortgage loan products to require the buyer have a FICO credit score of 700 and a minimum 20% down payment.

Other lenders are sure to follow.


Posted by Lori Turoff | Currently No Comments »

2020 Apr 12th

The March Hoboken Condo Sales Numbers

Surprisingly, the big hit in price has not yet happened, though there is a downturn apparent. There is a time lag – these deals were negotiated back in January. Let’s see what happens going forward. If people don’t have to move, I suspect they are not. Number of homes listed and number of sales has fallen significantly.

Here are the numbers. Rolling average chart down below (sorry about the formating – can’t figure out how to fix it):

Posted by Lori Turoff | Currently No Comments »

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