2010 Mar 17th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales and Activity for the Week of March 16th

Hoboken Condos Sales & Activity – Week of March 16th.

Lots of new listings this week and more to come now that Spring has sprung. Then there is the property tax question. The promised 25% reduction is not looking promising and Christie’s budget proposal may not help either. The Fed plans to stop buying mortgage backed securities shortly. None of this is likely to be good for the Hoboken market. At least the weather is nice.

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

Studio & 1 Bedroom Hoboken Condos:

15 new listings.

217 total active – $379,184 average asking price. Average 76 DOM.

2 dabo. Average 97 DOM

1 sold. Average price $375,000. DOM 98.

23 price reductions.

Two Bedroom Hoboken Condos:

33 new listings

271 total listings. Average list price $571,483. Average 90 DOM.

13 dabo’d. Average 154 DOM.

9 sold. Average price $467,611. Average DOM 44.

17 price reductions.

Three Bedroom and Larger Hoboken Condos:

6 new listings

50 active listings. Average price $965,109. Average 113 DOM.

1 dabo’d. Average 51 DOM.

2 sold. Average price $873,50 . Average DOM 70.

No 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 9 Comments »

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