2015 May 15th

The Hoboken & Downtown JC Open House Google Map for Saturday, May 16th & Sunday, May 17th 2015

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:

hoboken-open-house

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:

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Posted by Nathan Turoff | Currently No Comments »

2015 May 13th

The April Hoboken Condo Sales Results

Very often, I take a new buyer out to see some high-end properties in Hoboken and they tell me they think the unit is overpriced. A few days later, I get the email from the listing agent saying “thank you for showing 123 Main Street, we have received multiple offers and will be asking for your buyers’ best and final bid by noon on Tuesday”. The “overpriced” property then sells for more than the list price. This is not just anecdotal evidence of a sellers’ market. Here are the stats that show that properties in Hoboken are selling, on average, for over asking price.  Interestingly, this is happening across the board – 1 bedroom, 2 bedroom and 3 bedroom and bigger units.

Price per square foot for a Hoboken condo is well over $600 for all size categories and has jumped to $644 overall.  The median sales price for a condo in Hoboken is now $577,000.  According to the New York Times, “the median sales price in Brooklyn hit a record $610,894 in the first quarter of this year, marking the first time the median crossed the $600,000 threshold in the borough, according to a report prepared by the appraiser Jonathan J. Miller for the brokerage firm Douglas Elliman. That is still less expensive overall than Manhattan, where the median sales price was $970,000 for the same period, but apartments in certain Manhattan neighborhoods can be had for less.”  Overall, Hoboken is still a bargain.  More and more of my clients tell me they started out looking in Brooklyn or Queens and realized they couldn’t get what they want in their budget.  They came to Hoboken and were persuaded by its neighborhood feel and proximity to Manhattan. This year’s prices are a good 6% to 7%  above last year’s.  Inventory is still way down.  The competitive nature of the Hoboken real estate is market is not going away any time soon.

 

Here are the April numbers: Here’s what the 3 month moving average looks like: moving avgimage

Posted by Lori Turoff | Currently 5 Comments »

2015 May 12th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of May 13th, 2015

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As of May 13, 2015:

    • 165 active Hoboken listings
    • 138 Condo & Co-op listings, compared to 119 last week
    • 17 Single-family listings, compared to 14 last week
    • 10 Multi-family listings, compared to 9 last week

This Week’s Residential Property Sales & Activity:

    • 24 DABOs (Deposit Accepted By Owner and Under Contract) vs. 25 last week
    • 27 Sold vs 32 last week
    • 43 New listings vs. 40 last week
    • 5 Price changes vs. 7 last week
    • 0 expired listings vs. 11 last week

Studio & 1-Bedroom Properties

46 Active listings

14 New listings

1 Price change

8 DABOs

  • 227 Monroe St., 3L listed April 21 for $325K;
  • 413 1st St., 3L listed Mar 9 for $410K; reduced April 14 to $405K; reduced April 29 to $400K;
  • 920 Jefferson St., 205 listed April 10 for $439K; reduced April 30 to $425K;
  • 818 Jefferson St., 1C listed April 30 for $445K;
  • 159 Newark St., 1B listed April 30 for $449K;
  • 310 10th St., 310 listed May 4 for $469K;
  • 700 1st St., 7B listed May; 1 for $499K;
  • 1450 Washington St., 413 listed April 29 for $625K;

8 Sold

  • 328 Madison St., 2R listed Feb 6 for $329K; sold for $315K;
  • 700 1st St., 6R listed Jan 19 for $385K; reduced Mar 3 to $375K; sold for $369K;
  • 211 Adams St., 5 listed Mar 12 for $389K; sold for $391K;
  • 123 Willow Av.e, 6 listed Mar 4 for $415K; sold for $420K;
  • 606-608 Adams St., 8 listed Mar 19 for $435K; sold for $450K;
  • 1450 Washington St., 419 listed Feb 2 for $799K; reduced Feb 27 to $775K; sold for $775K;
  • 1125 Maxwell Ln., 1017 listed Mar 18 for $895K; sold for $880K;
  • 350 7th St., 5B listed May 1 for $1.450M; sold for $1.450M;

2-Bedroom Properties

67 Active listings

17 New listings

1 Price change

10 DABOs

  • 712 Willow Ave., 5C listed April 29 for $325K;
  • 813 Park Ave., 1R listed May 6 for $329K;
  • 560 1st St., 2 listed April 27 for $575K;
  • 1331 Grand St., 407 listed April 29 for $619K;
  • 501 9th St., 610 listed April 30 for $630K;
  • 105 7th St., 1 listed April 20 for $635K;
  • 204 Jackson St., 3 listed April 23 for $635K;
  • 1301 Adams St., 306 listed April 23 for $700K;
  • 708 Grand St., 2 listed April 28 for $789K;
  • 1125 Maxwell Ln., 800 listed Oct 16 for $2.650M;
13 Sold
  • 712 Willow Ave., 2B listed April 6 for $450K; sold for $435K;
  • 212 Adams St., 3 listed Feb 12 for $499K; sold for $490K;
  • 312 Madison St., 4B listed Dec 30 for $570K; reduced Jan 23 to $559K; sold for $555K;
  • 700 1st St., 13V listed Jan 19 for $570K; sold for $590K;
  • 827 Garden St., 5 listed Feb 23 for $600K; sold for $626K;
  • 501 Adams St., 4J listed Mar 4 for $600K; sold for $643K;
  • 306 Bloomfield St., 1 listed Feb 11 for $665K; sold for $665K;
  • 313 Monroe St., 2 listed Feb 11 for $650K; sold for $681K;
  • 1119 Washington St., 4 listed Feb 4 for $695K; sold for $690K;
  • 501 Adams St., 5G listed Mar 6 for $660K; sold for $690K;
  • 300 Newark St., 3G listed Oct 16 for $800K; sold for $800K;
  • 1500 Washington St., 7D listed Feb 27 for $895K; sold for $914K;
  • 109 Harrison St., 302 listed Feb 16 for $999K; sold for $990K;

3-Bedroom & Larger Properties

25 Active listings

12 New listings

3 Price changes

10 Multi-Family Active listings

17 Single-Family Active listings

6 DABOs

  • 68 Madison St., 3 listed April 28 for $649K;
  • 926 Garden St., 3 listed Feb 25 for $1.050M; reduced Mar 16 t0 $1.0M;
  • 208 5th St., listed Feb 18 for $1.269M;
  • 2 Constitution Ct., 402 listed April 30 for $1.295M;
  • 86 Clinton St., 1 listed May 1 for $1.399M;
  • 809 Hudson St., listed Feb 13 for $2.875M; reduced April 10 to $2.60M;

6 Sold

Posted by Nathan Turoff | Currently No Comments »

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