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Market Conditions in 07030 : Real Estate Advice

  • All222
  • Local Info34
  • Home Buying115
  • Home Selling10
  • Market Conditions10

Activity 10
Wed Dec 28, 2011
Jeanne Feenick answered:
Hi Gabe, great discussion - each year as these fees become due - mls, supra, board fees - there is a flurry of low producing agents moving to referral. I do not think this is a bad thing. I believe to my core that this is not a market for dabblers - it is tough for the agent to make a living and the complications of the market are best handled by those of us that are in battle every day honing our skills. Just my opinion.

Thanks for Florida - have enjoyed it!

Jeanne Feenick
Unwavring Commitment to Service, Unsurpassed Results
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0 votes 17 answers Share Flag
Thu May 20, 2010
Eric J. Dilone answered:

The office I believe you refer to no longer justified itself, since the TB buildings have on-site offices. The on-site offices aren't always open, though, due to the small volume of units left.

I'm not so sure about good bargains from them being on the way, given that there are more buildings coming up (Maxwell Place & Hudson Tea have a few more phases to go). With the market beginning to stabilize in the waterfront area, TB will most likely price on the higher side and offer some back-end incentives. That's always been their MO.

If you're interested in buying there (or anywhere), your best best is to speak to your agent and let him/her assess the situation. Some buyers believe that working directly with the sales office (without a buyer's agent) is to their benefit and gets them a better 'deal', but existing evidence proves otherwise. If you don't have an agent, please contact me and I'll explain.

Either way, good luck!

Eric J. Diloné
Licensed Real Estate Agent
HALLIBURTON HOMES : Redefining Great Service!
Direct: 646.387.8012
Office: 201.792.4300
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1 vote 4 answers Share Flag
Wed Oct 14, 2009
Linden Moe answered:
Always remember agents sell houses not offices or agencies, look for individual track records and not agency track records.

Imagine this scenario, you list with the biggest baddest office in Hudson County.

But your agent within that company doesnt do a good job of marketing your listings...

Overpriced it,..........

You never heard from them,...........

Didnt educate you on the market,.........

The fact that they are with the best company in the world won't stop you from becoming an expired listing.

Instead of letting agents gloss you over with how many there company sells ask them

How many homes have the individual agents sold.

How many buyers is the individual agent currently working with.

What is the individual agents marketing plan.

A little secret in any agency 5% of the agents sell 80% of the homes.

Hope you found this helpful. Good Luck!
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0 votes 5 answers Share Flag
Sun Aug 9, 2009
Robert Kohrs answered:
I posted a related blog post that may answer some of your questions. Email me if you need more info about appealing your taxes. I won an appeal this year. ... more
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Tue Jun 23, 2009
Andres Garcia answered:
It really depends the area of town and the proximity to the PATH. 1 bedrooms will range from $2,100 to $3,000. 2 bedrooms will range from $2,500 to $3,500 and 3 bedrooms will range from $3,000 to $6,000.

I wouldn't say there are any buildings with security guards though. There are a few doorman buildings in town, but I wouldn't exactly call them security guards. Buildings with a doorman would obviously be on the higher end of the ranges.

I hope this helps.

Andres Garcia
Sales Associate, CDPE
RE/MAX Gold Coast Realty
56 Newark Street
Hoboken, NJ 07030
Direct: 201 795-5200 x340
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0 votes 2 answers Share Flag
Thu Apr 30, 2009
12345 answered:
All these people are full of BS and want you to think now is a good time to buy and things are not as bad as they seem. or will be over the next 2 - 2.5 years. Save your money let the other suckers ponder whether its a good time to buy or not buy and sit on the sidelines and wait until you can buy in cash and never need a mortgage. This time will be coming soon to a theater near you. Think of it this way. Banks state that homeowners should pay 3x their annual income for a home. The annual income for a home in Hoboken is $62,000. Well now look at the average prices in Hoboken coupled with the fact that 22% of employees in Hoboken are in the finance sector (hardest hit sector in NYC) coupled with the fact that the rate of foreclosures are going up the greatest in PRIME borrowers due to increasing unemployment, coupled with the fact that the declines have just begun. Me thinks you should be able to get yourself a nice 2 bedroom in Hoboken for about 400K in 2 years once the 30% decrease takes effect. ... more
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Sat Sep 13, 2008
Brian answered:
Yes, there is a greater (and neccessary) trend by lenders to evaluate and price financing based upon geographic locations and trends. You will also see this with non-conforming jumbo maortgage limits varying by town.

As an owner in Hoboken, I'm surprised to see new listings priced as agressively as they are for the seller. With the volatility in real estate/credit markets and the abundance of rental units in Hoboken, you'd think more buyers would be on the side line, creating a greater inventory. Not to mention the massive upper grand/maxwell projects that added hunderds if not thousands of units. But it seems to be holding, for now at least.........
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Wed Mar 26, 2008
J Pet answered:
I have been looking too and have rec'd a few price reduction emails from selling agents just recently. The NYC metro area had been insulated from the rest of the country's real estate woes b/c of the demand to live in/near NYC. The problem that is just starting in NYC area is Wall St/Investment firms are laying employees off. For the employed Wall St investor types -- they have most of their would be cash in sagging stocks -- so they don't have the cash for a down payment. Basic economics are in play here and the domino effect has started - so prices will continue to go down in this area. Unfortunately the buyers for niche neighborhoods around NYC are either unemployed or not liquid right now. ... more
0 votes 4 answers Share Flag
Thu Dec 20, 2007
Chris answered:
overvalued and you will never see your home appreciate your better off taking the money and buying a two family and renovating to a grand single family or have some income from another unit than to pay almost NYC prices to live in Hoboken dont get me wrong Hoboken is great but never over pay amenities mean nothing they may mean alot to you but when its time to sell there are buyers who may not care about the pool because they cant swim and they may not care about the gym because they work out in the city on lunch and they may not care about the doorman because they dont like to have people in thier face all day so buy wisely ... more
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Tue Oct 30, 2007
Deborah Madey answered:
The higher up, the better view, and more proximate to parking and transportation, the price per sq ft will increase.
0 votes 3 answers Share Flag
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