Congratulations to new mayor Dawn Zimmer. Wondering if property owners voted for her? On one hand more parks and bike lanes mean less development. This means growth of supply of homes is restricted. Fewer new homes means buyers have to buy existing homes... Prices should go up. Now how to pay for those parks? Higher taxes. (Not saying the new mayor … [Read more...]
October numbers
October 6, 2009 By Leave a Comment
The October numbers indicate a steady market. And since the sold lag about 60 days behind reality this is true. There are 108 condos under contract but not closed since August 1, 2009. This leads me to believe the market will continue to show a steady sales pace for the next few months. Hoboken Real Estate CondosOctober Numbers67 SoldSold Price/ask … [Read more...]
Top 10 Seller Showing Mistakes.
September 18, 2009 By Leave a Comment
It's hard to believe that some sellers act like they don't want to sell. They hurt themselves over smallest things. And they wonder why in a market where buyers have an abundance of choice, their property does not sell. Top 10 Seller Showing Mistakes10) Take your pet. Whether Fido is a good dog or not. Take him with you. Buyer's get distracted. … [Read more...]
Wiggle Your Nose.
August 13, 2009 By Leave a Comment
Part of the really great thing about being a realtor is the anthropological studies that can be done on the microcosm called RENTERS. Recently, I had a hilarious look into the microscope. I was showing a client condos for sale. Most were occupied by owners and kept clean. (even that one at the sky club that smelled like baked on Marlboros)Then we … [Read more...]
Supersize Me
August 10, 2009 By Leave a Comment
There are 69 three bedrooms available in Hoboken. Wow. Can you believe it. They are not moving. 25 of the under $700k and that's just the ask not the friends and family price. I proclaimed in the quarterly report......People are going to be kicking themselves for missing this opportunity. Hoboken Real Estate Condos Under contract in August7 2br4 … [Read more...]
No Parking. Blame A Realtor.
June 15, 2009 By Leave a Comment
A realtor friend of mine has an interesting theory. The availability of meter parking south of 4th street is determined by the number of realtors working that day. My friend uses the parking results to extrapolate on the market as a whole. Of course some realtors work from home. Some keep odd hours. But when you arrive at 10am Monday and there's … [Read more...]
Bailout?
March 26, 2009 By Leave a Comment
The Big Three has a new meaning. It's the number of condos under contract in the past week. 1001 Clinton 5D Offered at $539k DOM 13402 9th St #E2E Offered at $479k on 1/1/09, reduced to $469k on 2/12/09 DOM 74304 Hudson #4 Offered at $685k on 9/15/08, reduced to $638,500 on 11/13/08, reduced to $599,999k on 3/20/09 DOM roughly 188.We're not gonna … [Read more...]
Two Week Look Back
March 11, 2009 By Leave a Comment
I watched Back To The Future over the weekend. Wow. Still A Great Movie. So let's Go Back In Time.... Here's the run down of the Under Contracts in the past two weeks.1) 659 1st St. #307...DOM 6.. Listed at $599,7772) 1500 Washington #7i..DOM 24.. Listed 2/3/09 for $699k reduced 2/17/09 to $659k3) 531 Garden #2...DOM..29...listed 2/5/09 … [Read more...]
$8000 Tax Credit.
February 27, 2009 By Leave a Comment
From The Office of "FREE MONEY That No One Knows How We Are Going To Pay For It"Here's the skinny on the $8,000 credit. www.federalhousingtaxcredit.com/First-Time Home Buyer Tax Credit Congress Enacts Bigger and Better Home Buyer Tax CreditA tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal … [Read more...]
No Shoes. No Shirt. No Service.
January 15, 2009 By Leave a Comment
The "No Shoes. No Shirt. No Service." signs are usually reserved for the beach or the most upscale places in Key West. Though we run into the "please remove your shoes before entering"signs on a fair number of showings.This makes sense of you have a white rug. Or if it is really wet out and out of courtesy you don't want mud dragged throughout the … [Read more...]
