2011 Mar 17th

WTWU 3-17-11

Downtown Jersey City Condos Sales & Activity – Week of March 17th, 2011

HobokenRealEstateNews recognizes that our readership extends beyond our fair city’s one mile boundries. Hoboken buyers are often interested in what their money will buy in the downtown Jersey City market, just as Jersey City sellers often wish to reach out to affluent Hoboken buyers (and vice versa.) As such, we now publish the Jersey City Weekly Thursday Wrap-Up (WTWU) and we’ve expanded our popular Hoboken Open House Google Map to include downtown JC as well.

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.

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 Downtown Jersey City Condos:

11 new listing

5 DABOs

4 Sold

3 price reductions

116 Total Active 1BRs

Two Bedroom Downtown Jersey City Condos:

8 new listings

2 DABOs

None sold

5 Price Reduction

146 Total Active 2BRs

Three Bedroom and Larger Downtown Jersey City Condos:

1 new listings

1 DABO

 

1 Sold

No price reductions

24 Total Active 3BRs

Hoboken and Downtown Jersey City Condo Open Houses

If you are in the market for a Hoboken or Downtown Jersey City condo, our Hoboken Open House Google Map is your best source for locating every open house. 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 (Hoboken only) 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 Comments Off on WTWU 3-17-11

2010 May 5th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of May 4th

The Tax Credit is Gone

This was supposed to be the week of the big explosion of Hoboken condos going under contract. There was a little bump but nothing drastic. Inventory is still over 500. I’ve done a slightly abbreviated version as I’m out of town “on vacation” so I appreciate your indulgence. explosion

You may have noticed there are a few blogs out there that have basically copied this report and are calling it their own. They copy our name, copy the look of our banner, copy our Hoboken Open House Google Map. If you’ve been reading Hoboken Real Estate News, or HREN as we call it, for any length of time, you know how much work and time we spend providing you with this information. You also know that unlike the copycats, we don’t publish “canned” or generic articles from ghost blog writers or automatic feeds. We have and always will give you original thought, analysis & insight on real issues facing the Hoboken real estate market and community as a whole. Your contribution in commenting on the posts are invaluable. Thanks for reading, thanks for commenting, and thanks for your loyalty! Please help us spread the word.

Hoboken Condos Sales & Activity – Week of May 4th

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

Studio & 1 Bedroom Hoboken Condos:

9 new listings.

206 total active

12 dabos.

7 sold

18 price reductions.

Two Bedroom Hoboken Condos:

14 new listings

260 total listings.

15 dabo’d.

18 sold

20 price reductions.

Three Bedroom and Larger Hoboken Condos:

6 new listings

66 active listings.

2 dabo’d.

None sold.

9 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.

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 11 Comments »

2010 Apr 28th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of April 28th

Time to take advantage of the First Time Home Buyer’s Tax Credit has just about run out. count down You would have to be in attorney review today to get out by Friday. You need a binding contract by April 30th. I have to say, though, that there has not been any significant activity surge evidenced by this week’s numbers to indicate that it mattered much to Hoboken condo buyers. Maybe next week will tell a different story. We shall see.

villaSpeaking of next week – I’m going on vacation. Howie will be running the show in Hoboken while I sip espresso in Florence. Getting onto the MLS from abroad is not easy. Howie will be running the show until he joins me in Italy for a 130km bike race with 1871 meters of climing. For those of you not familiar, that’s a lot of hills! We will therefore post an abbreviated version of the WWWU for the next 2 weeks. Thanks in advance for your indulgence. Even we need some down time every now and then. Maybe I’ll write about the European real estate market for a change of perspective.

Hoboken Condos Sales & Activity – Week of April 28th

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

Studio & 1 Bedroom Hoboken Condos:

23 new listings.

224 total active – $382,080 average asking price. Average 83 DOM.

9 dabo. Average 61 DOM

7 sold. Average price $397,785. DOM 28.

23 price reductions.

Two Bedroom Hoboken Condos:

37 new listings

274 total listings. Average list price $566,919. Average 75 DOM.

9 dabo’d. Average 34 DOM.

14 sold. Average price $575,107. Average DOM 152.

20 price reductions.

Three Bedroom and Larger Hoboken Condos:

6 new listings

64 active listings. Average price $807,949. Average 84 DOM.

3 dabo’d. Average 47 DOM

2 sold Average price $582,500. Average DOM 106.

5 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.

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 17 Comments »

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