2010 Feb 17th

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

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

Hello 500+ Hoboken condos for sale. No big surprise. What did surprise me is how many of the sold units (and dabo’s) were sold without price reductions – except, of course, the Garden St. Lofts. Look at some of the other 2 and 3 bedrooms that sold. They were fairly expensive units and they all went pretty quickly and not much below the list price. Maybe it’s a flight to quality? Well, Mardi Gras has come and gone and now is supposed to be the season to repent and renew. Maybe the housing market will also start to revive during this period and we will see a happy Spring.


Here are this weeks numbers vs. a weeks ago numbers:

Studio & 1 Bedroom Hoboken Condos:

14 new listings.

209 total active – $376,238 average asking price. Average 79 DOM.

2 dabos. Average 20 DOM

5 sold for an average sales price of $394,000. Average 164 DOM

12 price reductions.

Two Bedroom Hoboken Condos:

19 new listings

250 total listings. Average list price $568,134. Average 98 DOM.

6 dabo’d. Average 169 DOM.

7 sold. Average price $545,557. Average 124 DOM.

11 price reductions.

Three Bedroom and Larger Hoboken Condos:

1 new listings

53 active listings. Average price $957,945. Average 132 DOM.

1 dabo’d. Average 122 DOM.

4 sold. Average price $600,529. Average 120 DOM.

2 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 all you did is attent an open house or you’ve seen several properties with several different agents, that’s not an ongoing relationship. 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. If you think the agent who hosted an open house or showed you a property is incompetent or does not meet your needs why would you ever use that person as your agent? Unless you’ve signed a “buyers agency agreement”, which is highly unusual in Hoboken, 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 48 Comments »

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