Twilight. As a king i used to love going to Fenway Park (Home of the world champion Boston Red Sox.), to watch twinight doubleheaders. Before the days of separate admissions, a double header meant two games for the price of one. Cooler still, the first game would start at 5:05 or 6:05. This meant it was still sunny but as the first game wrapped up … [Read more...]

Looking back on the first half of 2008, Hoboken has held strong. Condo prices are up 1% from the same period in 2007. Sellers rejoice. According to the Wall Street Journal this is only one of four markets out of 28 major markets that have seen a positive price change.Second Home Buyers... I have a good agent in Florida. Look at the numbers. Be … [Read more...]

There's no one bedroom discount. For one bedrooms in 2008 , the median sold price ($410k)and the median list price are equal. The average ask is $437K and the average sold price is $417k. The prices are somewhat skewed due to the higher end properties at Maxwell. But the fact remains, if you want a discount, Florida and California are good bets. … [Read more...]

Here's a chilling stat from an article on CNN. 9.8% of homes built in 2000 or later are sitting vacant. 9.8% That's almost one in 10. I wish I could give you the stat for Hoboken, but I don't have it. If you take out the new construction that is currently being sold and you discount those rental conversions like the Velocity, I am guessing the … [Read more...]

When three bedrooms are not enough. Hoboken offers several options on the four bedroom home.1) Million DollarBrownstone2) Million Dollar Condo3) MoveIf you're going to go for it, might I suggest the 4300 sqft condo at the top of the W hotel for $4.5MM. The annual taxes are only $1473 . (Shockey should have bought this place.) Of course the yearly … [Read more...]

Those mulifamily homes. Buyers are just in love with the thought of restoring and old brownstone. The funky electric, slanted stairs, plumbing that just breaks. Okay some folks like a challenge. I am still waiting to see a Hoboken multifamily that makes sense from a numbers perspective. Waiting and waiting. For the extra money you get tenants who … [Read more...]

Live like a rock star. errr, professional football player. Jeremy Shockey's townhouse in West New York is for rent or sale. It's a steal at $8,000 per month. I really mean that. If you buy it your looking at nearly $5k per month in taxes and maintenance. That's because the taxes are $42,000 per year. Most mortgages aren't $42k per year!!! If you … [Read more...]

On vacation. returning Tuesday 7/22. … [Read more...]

It's no Wonkavator. It goes up. It goes down. It stops on your floor. The elevator. The lift. Not much too it, unless you don't have one.With more people looking to start families and raise families in Hoboken, the elevator is becoming a key component in today's search. Buyers should expect to pay more for it. But the should have an easier time … [Read more...]

In this Hoboken market, the single biggest buyer mistake is....waiting for other offers. More and more buyers are saying, let me know if another offer comes in. ????This buyer wants someone else to like it too? I'm not going to ask that girl to the prom until someone else asks her first. Here's the thing about waiting.. you get nothing. As if I … [Read more...]