Metrostop Retail | Hoboken

I heard it straight from the developer's mouth....big things happening near the 9th street lightrail.1) Metrostop will finally be getting some retail business. The long awaited restaurant which has turned into a defacto skate park finally has a tenant. Anticipated opening in Fall 2010.2) Metrostop will have a 7-11 type grocery too. As a neigborhood … [Read more...]

The new and improved Homebuyer Credit

Good things come to those who wait. ... A new and improved tax credit.The two big improvements that will have an impact on Hoboken Real Estate buyers....1) Income limits are raised to $125k for an individual and $225k for married. So for you guys out there on the fence...I know one agent who has been putting it off a long time.... now is the … [Read more...]

Cost vs. Price

Buyers are always focused on Price. What's the price? How much can I negotiate? The market is going to fall another 2 %, 5%, 7%, 10%..... On and on and on.....No one wants to over pay.Here is the truth. Focus on the cost to own. It's like when you buy a car. You focus on repair costs, mpg, etc. Not sticker price alone.IF PRICES FALL 10% and … [Read more...]

Q3 Hoboken Real Estate Report

Sign up for the whole 15 page color report at http://www.hobokehomefinder.com/Top three news items from the Quarter: 1) One bedrooms are selling.2) Two bedrooms are sitting much longer.3) The market is leveling off.Tip: I like to save money as much as the next guy. Call me Mr. Sweat equity. But a man has got to know his limitations...If you find … [Read more...]

October numbers

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...]

Updated Hoboken Real Estate Quarterly Report

Hoboken Real Estate MarketSummary Report Q3, 2009UPDATED 9/1/2009The first two months of the Third Quarter in 2009 has continued to present both opportunity and reality for Hoboken Condo buyers and sellers. In this constantly changing real estate landscape, realtors are playing a critical role in serving both buyers and sellers to get properties … [Read more...]

Wiggle Your Nose.

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

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...]

Little Fish. Big Fish.

When the chairman of the Senate's Banking, Housing and Urban Affairs Committee is getting sweetheat deals from Countrywide, is there any wonder that we have a housing crisis?http://www.washingtontimes.com/news/2009/jul/29/senators-see-countrywide-discounts-as-common-court/?page=2 Do you think Dodd's mortgage was done at The Malibu Diner?....Maybe … [Read more...]

Protest? Yes, Another Protest.

Seems that Hoboken Revolt is at it again. This time with a city hall protest calling for our mayor to resign.http://www.nj.com/hobokennow/index.ssf/2009/07/protest_calling_for_mayor_camm.htmlI am not for it or against it. Judging from the online response it seems like it could be a large crowd. Then again, there were a lot of people who screamed … [Read more...]