2011 Feb 23rd

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of February 23rd

Hoboken Condos Sales & Activity – Week of February 23rd, 2011

A Pet Peeve – Poorly-Done Property Flyers

I get tons of email every day from other agents announcing new listings, price reductions and broker open houses.  Just now, I received one with a typo in the subject line, sentences without capitalized first words, the wrong spacing between works and punctuation, a center-justified layout with an ‘orphan’ at the bottom and a less-than-stellar selection of photos.   The seller of that condo should be very upset with the (lack of) professionalism and attention to detail.  No matter how new the agent or how inexpensive the property, 3rd-graders learn that you need to capitalize the first word of a sentence.  These errors are inexcusable.  Yet you would be amazed how many such flyers I see that are equally bad.

Another Pet Peeve – Agents who Attend Broker Open Houses Just for the Food

I wonder if the agents who create the crummy flyers are the same ones who manage to arrive first to every broker open house, especially when sushi is served.  They show up early, fill up their plates and don’t even pretend to be interested in the property.  I wonder if there is a correlation here.  Could it be that the agents who produce inferior work product don’t make much money selling real estate and therefore need the free lunch to survive ???

Tax Appeals

I’m still happy to send you comps if you are appealing your own taxes. Keep in mind that the City has a 15% margin of error. If your assessment does not multiply out to at least 15% over the current market value of your property, you are not likely to be successful in an appeal.  The “upper limit” multiplier for Hoboken is .3407. To see where you are at, take your assessed value and divide by .3407. For example, if your assessed value is $175,000, the result would be $513,648. Your property value must be less than $513k to win an appeal. You can get more details on tax appeals and forms at the Hudson County Tax Board website.

Here is this week’s condo sales report:

Disclaimer: The data relating to real estate transactions on this web site comes in part from the Hudson County MLS. While some of these listings are, in fact, our listings they are not ALL our listings nor do we hold them out as such. Century 21 Listings are identified with “C21” after the address. Other listings are from the MLS and are identified with “MLS” after the address. Information is deemed reliable but not guaranteed.

Studio & 1 Bedroom Hoboken Condos:

12 new listing

4 Dabos

5 Sold

8 price reductions

139 Total Active 1BRs

Two Bedroom Hoboken Condos:

15 new listings

5 Dabos

4 sold

10 price reductions

191 Total Active 2BRs

Three Bedroom and Larger Hoboken Condos:

3 new listings

1 Dabo

1 sold.

no price reductions

35 Total Active 3BRs

Hoboken Condo Open Houses

If you are in the market for a Hoboken condo, our Hoboken Open House Google Map is your best source for locating every open house in Hoboken. It is the single, most complete listing available and we were the first ones to do it. We compile the information by hand from all possible sources to provide you with all the information you need in one spot. It’s posted on Friday every week.

Want to Receive New Listings & Price Reductions Daily?

If you would like to be emailed the new listings and price reductions each weekday in either 1br, 2br or 3br categories just email us at [email protected] letting us know which size(s) you would like and we’ll add you to the daily email list.

For more information you can always contact us at 201 993 9500.

Thanks for reading and, as always, we welcome your comments!

Posted by Lori Turoff | Currently 7 Comments »

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