2011 Feb 9th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of February 9th

Hoboken Condos Sales & Activity – Week of February 9th, 2011

Love to Love You Baby!valentine

Attention all you guys out there – Valentine’s Day is just around the corner.  Regardless of what she may say, some flowers or a box of chocolates are always appreciated.  But please, get the good stuff if you’re going for chocolate!  If you’re really ready to splurge you could always buy her a new home.

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Fannie & Freddie Not So Loved

According to the NY Times, changes are in store for these two giants.  Exactly how that change may play out is still uncertain.  Do we need the government to prop up the mortgage market or is the private sector able to handle it on its own?  Meetings are taking place as we speak.  Other topics to be addressed by Congress include enhanced borrower protections, and changes in mortgage servicing to address the industry’s failure to work with borrowers who fall behind on payments.  Change is sure to come but it may take a while given the scope of the problems.

January Sales Results – Now by Condo Size

In case you haven’t seen it, the January numbers have been posted.  Prices are still down but activity holds steady.  I’ve broken the results down by bedroom size, too.

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:

5 new listing

4 Dabos

2 Sold

6 price reductions

133 Total Active 1BRs

Two Bedroom Hoboken Condos:

15 new listings

6 Dabos

5 sold

5 price reductions

183 Total Active 2BRs

Three Bedroom and Larger Hoboken Condos:

3 new listings

3 Dabos

1 sold.

3 price reductions

34 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 15 Comments »

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