2009 Sep 9th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Inventory for the Week of September 8th

Hoboken Condos Inventory & Sales – Week of September 8th

Here are this week’s numbers:

Here is the Weekly Wednesday Wrap Up from: September 1, August 25th, August 18th., August 11th., August 4th.

To get this report with links to the MLS listings please complete the following:

Studio & 1 Bedroom Hoboken Condos:

13 new listings

170 total active

1 dabo. 37 average DOM.

2 sold

3 price reductions.

Two Bedroom Hoboken Condos:

18 new listings

269 total active

4 dabo’d. 118 average DOM

3 sold

11 price reductions.

Three Bedroom and Larger Hoboken Condos:

63 active

2 new listings

No dabos

2 sold

5 price reduction.

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, to receive the map with the actual links, you will have to request it.

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.
You can always contact us at 201 993 9500.
Thanks for reading and, as always, we welcome your comments!

Posted by Lori Turoff | Currently 25 Comments »

2009 Sep 2nd

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Inventory for the Week of September 1st

Hoboken Condos Inventory & Sales – Week of September 1st

Here are this week’s numbers:

Here is the Weekly Wednesday Wrap Up from August 25th.

Here is the Weekly Wednesday Wrap Up from August 18th.

Here is the Weekly Wednesday Wrap Up from August 11th.

Here is the Weekly Wednesday Wrap Up from August 4th.

Studio & 1 Bedroom Hoboken Condos:

6 new listings

420 Monroe at under $300k won’t last. A new Ikea kitchen and it would be a beauty. I’ve even seen people paint those cabinets with pretty good results.

162 total active

4 dabos. 45 average DOM.

5 sold

Take a look at 129 Willow – it sold for full price in about 2 weeks. I’m not surprised, having seen it. It was a really nice little unit in a good, clean building in a great (close-to-the-PATH) location for a young person. It was decorated perfectly. I showed it to my buyer twice and said “this won’t last”. He wasn’t ready to bite. Someone else was.

Same for 725 Jefferson – a 1 br with all the bells and whistles that showed beautifully. It has deeded parking and is in a nice, MetroHomes building, not too far west. Listed for $389k it sold for $370k in 41 days. I showed this one, too, and said “this won’t last”. There are certain units out there with nice features that are priced right. What does that mean? To me, it’s intuitive. I have seen enough properties over years and years that I can walk in and know when it’s a good one. Of course, buyers tend to think a sales person will say that about anything but I try to be pretty honest with my opinions. Every now and then, a real winner pops onto the market. These were two, some smart buyers recognized it and they got a nice, new home at a reasonable price. Congrats to them!

5 price reductions.

On a similar note as above, the 1BR just reduced to $409K at The Columbus is now looking pretty good as is 119 Clinton for only $275k.

Two Bedroom Hoboken Condos:

8 new listings

256 total active

6 dabo’d. 98 average DOM

13 sold

9 price reductions.

Three Bedroom and Larger Hoboken Condos:

62 active

No new listings.

2 dabos 101 average DOM

2 sold

64 Jeff is one of the very pretty, townhouse-style condos with a private 3 car garage, private yard and private deck. This one sold in 3 weeks for just under $400 a square foot. Another winner.

1 price reduction.

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, to receive the map with the actual links, you will have to request it.

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.
You can always contact us at 201 993 9500.
Thanks for reading and, as always, we welcome your comments!

Posted by Lori Turoff | Currently 11 Comments »

2009 Aug 26th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Inventory for the Week of August 26th.

Could it Be?

Hoboken condo inventory is moving in the right direction. The number of Hoboken condos for sale has not been as low as it is today since early February. We have gone from a high of almost 600 units in late June to just over 500 today – about a 15% decrease in Hoboken condos for sale. Today the NY Times reports that according to the Case-Shiller index, housing prices are rising in nearly all of the nation’s large cities. The National Association of Realtors reported strong gains in existing home sales for 4 consecutive months – something not seen since 5 years ago. From a purely experiential viewpoint, the market certainly seems to be busier to me. I’ve had 2 buyers be outbid for condos recently. I’m seeing Hoboken properties go into contract before my buyers have a chance to see them. Sure, there are still many overpriced units that need to come down or come off the market. Yes, the junk doesn’t move. But – I’m going to go out on a limb here – and I know it – but it’s my opinion, just my humble, personal opinion, that the bottom may be near. As a property owner, I certainly hope so

Here are this week’s numbers:

To get this report with links, please fill out this little request form:

Studio & 1 Bedroom Hoboken Condos:

9 new listings. Average list price $417,600 or $545 per sq. ft.

178 total active – $399,552 average asking price. 102 average DOM. Average asking price $567 per sq. ft.

2 dabos. 96 average DOM.

8 sold for an average price of $379,487 in 39 days.

2 price reductions.

Two Bedroom Hoboken Condos:

11 new listings – average list price $549,900 or $497 per sq. ft.

266 total active – $610,934 average asking price. 114 average DOM so far. Average asking price $508 per sq. ft.

7 dabo’d. 87 average DOM

8 sold – $547,088 average sales price Average 123 DOM.

10 price reductions.

Three Bedroom and Larger Hoboken Condos:

68 active 3BR condos – $ 919,685 average asking price. 110 DOM so far. Average asking price $511 per sq ft.

No new listings.

No Dabos.

1 sold for $725k in 85 days.

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, to receive the map with the actual links, you will have to request it.

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.
You can always contact us at 201 993 9500.
Thanks for reading and, as always, we welcome your comments!

Posted by Lori Turoff | Currently 64 Comments »

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