2011 Jan 10th

How to Get an Answer to Your Most Asked Questions about Hoboken Neighborhoods

The NY Times has come up with an amazing resource for home buyers.  They have taken the 2010 census data and overlayed it onto a Google map for the whole country.  Of course, you can zoom into any given neighborhood.

There are four categories of information :

  1. Race & Ethnicity
  2. Income
  3. Housing & Families
  4. Education

Within each of the four category, there are various subcategories.  For example, within the income maps, there are maps that show median household income, change in median household income, households earning under $30,000.  The map of Hoboken that shows mortgages consuming over 30% of income looks like this:  (CLICK FOR FULL MAP EXPERIENCE)

NYTimes Mapping America

I’m often are asked questions by my buyers like “is this a safe neighborhood?” or “what is this area like?”  The Fair Housing Act limits what a realtor can say about an area.  Agentsmust be very careful not to make any statement that could be construed to indicate a limitation or preference based on race, color, national origin, religion, sex, familial status, or handicap.  While you may think you’re asking a simple question, the agent’s answer may violate the Fair Housing Act.

This new map provides some very valuable information.  There are quite a few other sources of information about neighborhoods that can be found on line.   Crime Reports is a site that shows where crimes have occurred and where registered sex offenders live.  There is the neighborhood walkability index which is sort of silly for a place like Hoboken.   Schools are always a big concern for homebuyers.  There are sites where you can see how a city’s schools rank, too.

It’s often been said that knowledge is power.  These are some great tools to make you more powerful when searching for a home.

Posted by Lori Turoff | Currently 4 Comments »

2010 Mar 24th

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

Thanks for the article, JC, on the much quoted Case-Shiller index and whether it applies to places like New York City (and Hoboken) since it omits data on condos and coops. The Feds are still debating whether to end the mortgage market support. Open houses were busy this weekend but inventory keeps climbing.

Picture 3The census bureau recently sent out census forms to be filled out by Hoboken residents. Here is an interesting chart from the census data that shows Hoboken’s population in past years. Perhaps the problem today is not that we have too many Hoboken condos for sale but that we don’t have enough people in Hoboken! If only it were 1910 again.

Hoboken Condos Sales & Activity – Week of March 23rd.

Here are this weeks numbers vs. a week’s ago numbers:

Studio & 1 Bedroom Hoboken Condos:

26 new listings.

228 total active – $378,882 average asking price. Average 74 DOM.

4 dabo. Average 48 DOM

3 sold. Average price $334,5,000. DOM 89.

26 price reductions.

Two Bedroom Hoboken Condos:

33 new listings

286 total listings. Average list price $575,480. Average 87 DOM.

5 dabo’d. Average 86 DOM.

12 sold. Average price $503,583 Average DOM 63.

17 price reductions.

Three Bedroom and Larger Hoboken Condos:

7 new listings

55 active listings. Average price $966,318. Average 108 DOM.

1 dabo’d. Average 86 DOM.

None sold

3 price reductions.

Hoboken Condo Open Houses

If you are in the market for a Hoboken condo, our Hoboken Open House Google Map is your single best source for locating every open house in Hoboken. It’s posted on Friday every week. The info is updated weekly. If your google search seems to pull up an older version, click on the title link to get the most current map. Like this report, due to MLS regulations, to receive the map with the actual links, you will have to request it using the request form on the post. It only takes a second.

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.

A word about that – if you have an ongoing relationship with another agent we are not going to email you listings. You can ask your own agent to do that. So what is an ongoing relationship? Is that not up to you? Have you been working with another agent on a regular basis? More importantly, are you happy with that agent’s service? If so,we respect that relationship. If not, find an agent you like!

If you attend an open house or see several properties with several different agents, that’s not an ongoing relationship. That’s the nature of our job. Despite what some agents in town would like to have you believe, simply showing a buyer a single property, or even a few, does not a relationship make. You are the consumer – you get to decide with whom you wish to work. Unless you’ve signed a “buyers agency agreement”, which is highly unusual in Hoboken, an agent doesn’t have any “hold” over you. So find an agent you like, trust and whose advice you respect. It’s your money, no?

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 14 Comments »

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