2019 Nov 6th

The October Hoboken Condo Sales Results

Well, there is no denying that we’ve got a “market shift” happening here in Hoboken, folks. It’s been a very long time since I’ve seen negative numbers in the year-over-year comparisons but here they are. In addition, days on market is creeping up as is inventory. The go-go market is coming to an end. I see it in my day-to-day business, as well. Even the nice listings are not selling at the brisk pace of last year. Buyers just don’t have the sense of urgency they did previously. The exception is in a very specific market segment – the new construction, very high-end, huge 3 and 4 BR condos. All those growing families looking for more space are fighting over the same units. When a developer recently reduced the prices on the last few in one particular new construction project, it was a feeding frenzy. Bidding wars on every unit and they all go over asking. Well, the ask was set purposely low to cause just that result.

Here are the October results:

Posted by Lori Turoff | Currently No Comments »

2019 Nov 6th

Pathetic and Apathetic Turnout in Hoboken Elections

About 1,800 people voted for the City Council in Hoboken yesterday.  That’s right, 1,800.  Out of a city of over 65,000.  Slight more voted for the school board candidates.  That is just a crying shame.  I would have thought by now, with people paying millions for their condos, they might have an interest in who and how their city is run and how their kids are educated.  Clearly, I am mistaken.  With the highest property tax rates in the country, and an extremely educated populace, where is the concern?

Posted by Lori Turoff | Currently 10 Comments »

2019 Oct 30th

The Hoboken Halloween Weekly Wednesday Wrap Up for the Week Ending Oct. 30th

Week ending Oct. 30th, 2019

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  •  258 active Hoboken listings
  •  231 Condo & Co-op listings
  • 27 Single-family and Multi-family  

This Week’s Residential Property Sales & Activity:

Studio & 1-Bedroom Properties

4 New

5 Pending.

3 Sold

2-Bedroom Properties

24 New

2 Pending

2 sold

3-Bedroom & larger Properties

5 New

1 Pending.

  • 115 Grand Guignol #206, listed 7/9 for $1.4mil.

4 Sold

  • 912 Park Your Hearse #3, listed 8/28 for $750k, sold for $719k.
  • 109 Monster Row  #202, listed 9/4 for $1.06mil, sold for $1.06mil.
  • 502 Mad Scientist son  502, listed 3/29 for $1.675mil, sold for $1.59mil.
  • 1034 Garden-of-Souls #2, listed 6/6 for $1.895mil, sold for $1.825mil.

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 2 Comments »

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