An "informed but informal" place to find real estate information

Hoboken condo inventory

Published Nov 29, 2008 by Judy Marciano.

studio:
active units = 8
ave. price = $806,245
(6 of these 8 units belong to Hudson Tea & Harborside)
median price = $507,500
under contract = 1 unit listed for $254,000

one bedroom:
active units = 162
ave. price = $468,578
median price = $425,000
under contract = 28 units

two bedroom:
active units = 292
ave. price = $652,418
median price = $609,000
under contract = 52 units

three bedroom:
active units = 52
ave. price = $884,403
median price = $769,450
under contract = 7 units

four bedroom:
active units = 5
ave. price = $2,033,000 (this includes a listing at Constitution for $4,200,000)
median price = $1,650,000
under contract = 1 unit (listed for $4,4500,000 at W Hotel, 4273 sq ft)

information compiled on 11.19.08 from Hudson County MLS, information deemed reliable but not guaranteed

Happy Thanksgiving

Published Nov 27, 2008 by Judy Marciano.


Enjoy your Thanksgiving meal, friends and family and be grateful for what you have.

Hoboken condo inventory

Published Nov 12, 2008 by Judy Marciano.

studio's = 12 units
low: $254,000 (354 sq ft apt on Washington Street)
ave: $662,120 (waterfront properties are keeping this high)
median: $452,000
under contract: 3 units

one bedroom = 163 units
low: $224,900
ave: $455,037
median: $425,000
high: $1,150,000
under contract: 29 units

two bedroom = 308 units
low: $275,000 (615 sq ft in "as is" condition on Adams St)
ave: $659,849
median: $607,450
high: $1,949,000
under contract: 51 units

three bedroom = 53 units
low: $498,000
ave: $896,612
median: $769,900
high: $2,500,000
under contract: 7 units

four bedroom = 5 units
low: $1,075,000
ave: $2,063,000
median: $1,650,000
high: $4,350,000
under contract: 1 unit

information compiled on 11.12.08 from Hudson County MLS, information deemed reliable but not guaranteed.

Rent to own

Published Nov 11, 2008 by Judy Marciano.

This seems to be a new trend recently, interesting to see that Toll Brothers may be offering this program in Hoboken.  Click on below link to learn more.
Toll Brothers expands rent-to-own program
| Industries
| Financial Services & Real Estate
| Reuters

Urbanspoon

Published by Judy Marciano.

My husband downloaded this on my iPhone over the weekend.  At first I wasn't amused but it's actually kind of fun.  Check it out for yourself & if you have an iPhone, shake it up!
North Jersey Restaurants | Restaurant menus, reviews and maps on urbanspoon.com

go green and save green in Hoboken

Published Nov 10, 2008 by Judy Marciano.


Condo and home owners who are interested in reducing their energy bills (while shrinking their carbon footprint) are invited to attend a free roundtable discussion with experts in energy-saving solutions for homes and condo buildings. The date and time of this event is Wednesday, November 12th at 7p.m. at Willie McBride's back room, 616 Grand Street in Hoboken. The event has been organized by the Committee for a Green Hoboken, a group formed under the auspices of the Hoboken Quality of Life Coalition to work on reducing the CO2 output of Hoboken's public and private sector. For more information on this event, send an e-mail to infor@QLChoboken.org.

Hoboken Shelter

Published Nov 7, 2008 by Judy Marciano.


Our guest speaker this week at The Hoboken Rotary was Jaclyn Cherubini, Executive Director, on behalf of the Hoboken Homeless Shelter. Someone asked Jaclyn how the state of the economy is affecting the shelter & she said that they are receiving less donations. In light of this & the upcoming holidays, Empire Realty is organizing a food drive for the shelter. Last Thanksgiving, our company received bags & bags of food & necessities from our clients which were desperately needed & appreciated. So again this year, from November 8th through the 24th, we are collecting. You can drop off at our office at 407 Washington Street or contact me & we will arrange pick up, jmarciano@empiregroup.com. They are in most need of the following: coffee, sugar, rice, cereal, disposable plates, napkins, cups,plastic utensils, laundry detergent and toiletries. For a full list of necessities, please go to http://www.hobokenshelter.org/ or http://www.empiregroup.com/. With the help of you & other members of our community, they are trying to end homelessness one person at a time. They shelter 50 people nightly, serve 200 meals daily and provide support services. So far this year, 111 of their homeless guests have moved from the street to the shelter to their own homes! A big shout out to Jaclyn and her crew.

Hoboken 1-4 family inventory

Published Nov 6, 2008 by Judy Marciano.

one family = 19 units
ave. price = $1,272,360
median price = $1,299,000
under contract = 0
(4 of the 19 active units are located on Willow Terrace)

two family = 9 units
ave. price = $1,465,000
median price = $1,388,000
under contract = 3 units

three family = 8 units
ave. price = $1,381,000
median price = $1,224,500
under contract = 3 units

four family = 5 units
ave. price = $1,649,000
median price = $1,595,000
under contract = 0

information compiled on 11.06.08 from Hudson County MLS, information deemed reliable but not guaranteed

Ben & Jerry's & democracy & free icecream

Published Nov 3, 2008 by Judy Marciano.

Click on below link to learn how Ben & Jerry's will be celebrating democracy tomorrow from 5pm-8pm.  Ben & Jerry's is located at 405 Washington Street in Hoboken (next door to Empire Realty).  So remember to get out and vote & stop by Ben & Jerry's after, between 5pm to 8pm to get a free scoop of icecream.  And if you want a free cup of coffee, Starbucks is giving a tall cup of coffee to all voters too!

I Voted

Hoboken condo inventory

Published Nov 2, 2008 by Judy Marciano.

There is a total of 523 active Hoboken condo listings on the Hudson County MLS and 103 condo's under contract. Overall, average days on market is 105. (Last year at this time there were approx 446 active condo's on the Hoboken market - you can refer to my archives on the sidebar for more details)

studio's = 12 units (of which 4 are at Hudson Tea & 4 at 1500 Garden)
ave price = $662, 120 - (due to the above 8 units)
median price = $452,000
ave days on market = 98
under contract = 3

one bedroom = 156 units
ave price = $458,175
median price = $424,950
ave days on market = 92
under contract = 36

two bedroom = 297 units
ave price = $668,966
median price = $618,900
ave days on market = 111
under contract = 56

three bedroom = 52 units
ave price = $905,107
median price = $777,000
ave days on market = 107
under contract = 7

four bedroom = 5 units
ave price = $2,063,000
median price = $1,650,000
ave days on market = 138
under contract = 1

five bedroom = 1 unit
price = $1,299,000
days on market = 351

information compiled on 11.2.08 from Hudson County MLS, information deemed reliable but not guaranteed

hope in Hoboken

Published by Judy Marciano.


Real estate is always a popular topic of conversation but now more than ever people are talking, looking at prices & watching and waiting to see what direction the market will take. Are we at the bottom yet or will it be the 2nd or 3rd quarter of next year? Are prices stabalizing or will they go down further? If they go down, by how much and what will happen to the interest rates? How will the results of Tuesdays election affect real estate? Lots of speculation but no one really knows the answers.

Keeping that in mind, as a realtor, there has never been a more important time to know your numbers than right now. A good agent will know and understand this information in order to provide it to their buyers or sellers. Some of the numbers that an agent should be aware of include: number of active listings, average list and sale prices, median sale prices, list price vs sales price ration, average days on market, average price per square foot, absorption rate, current interest rates & comparison of all current listings and recent sales in the capacity of the type of customer you are working with. A few months ago, I lost a potential listing because I quoted a price that was realistic but not what the seller wanted to hear. Obviously I was disappointed but understanding of their need to potentially get much more than I had quoted (unfortunately their place is still on the market but hopefully will sell soon). Things have changed since then and correct pricing right from the start has become critical. Sellers can't let hope and wishful thinking affect their pricing. I've heard that some banks are having appraisers go back only 3 months when getting comparables for appraisals. So as an agent, you have access to this information & you should be using it by providing it to your customers in advance of making an offer or selling a property.

At this time, it is all about the buyers and the good news is that in our area, we still have them but they are much more savvy about all that is going on. And the true motivation of sellers will have to surface....

Fall Back!

Published Nov 1, 2008 by Judy Marciano.


Just a reminder that Daylight Savings Time begins on Sunday, November 2nd at 2:00 AM. This is always a good time of the year to change the batteries in your smoke and carbon monoxide detectors too.

About me

  • I'm Judy Marciano
  • From Hoboken, NJ, United States
  • Thanks for checking out my blog. I am a full time licensed NJ real estate agent in Hoboken at Empire Realty Group. As I go thru Hudson County each day, often I stop to take a picture. Feel free to contact me for any real estate assistance at jmarciano@empiregroup.com
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