You should absolutely hire a real estate agent that is fluent and experienced in the Hoboken real estate market. It will take some patience to find a home this season, but I'm sure you will find one!
Hope that helps!
Going about the search on your own can be frustrating. My recommendation, meet and interview some of the knowledgable agents that have addressed your question, and then pick the agent you feel will work best on your behalf to find your next home.
This person should be an experienced buyers agent, with knowledge of the market and relationships with the top listing agents, giving them the advantage when a new property comes to market. Be prepared with a pre-approval and expect to encounter multiple offers; with the guidance of your agent, know your highest and best offer going in.
Kristin Marie Ehrgott
Prudential Castle Point Realty
NJ Licensed Realtor specializing in luxury sales and rentals; listed and leased the highest priced home in Hoboken history, Fine Homes International Certified, Prudential Relocation Certified.
I live & work in Hoboken and know the market well.
You are right, the summer has typically been slower over the past few years, although with the record breaking low interest rates lately the number of Condo sales here have been rising month after month. To answer your question, with increasing sales now, it's hard to say if there will be more properties on the market by then.
I would be happy to show you a few of the properties on the market now, to gage the market so that when you are ready to buy you have an idea of what you can expect to find in a 2 Bdrm / 2Bath.
Realtor Sales Associate
Sotheby's International Realty
501 Washington St., Hoboken
917/370-8181 (mobile) best number to reach me 9am-7pm
According to the latest Housing Market Trends Update - Summer 2012 - from Wells Fargo, one of the larger Home Mortgage Lenders in NJ - their stats say: "29% of consumers report they expect home prices to increase during the next 12 months, potentially bringing would-be buyers off of the sidelines sooner."
In July and August of this year (2012) so far Hoboken has averaged about 15 new condos coming onto the market per week this summer.
Contrast this to the historical number of new Hoboken condo listings coming to market at the beginning of our fall selling season (September).
Here we find an average of 35 new condo listings that came to market every week in September 2010 and 2011, an increase of over 2 times the amount than what we've seen this summer!
That being said, we are at really low levels of condo inventory right now with just 185 total on the market so the coming increase may not be enough to fully take care of all the current buyer enthusiasm.
I love giving my customers REAL facts so that they can make the smartest decisions and come to their own conclusions :)
If you'd like to discuss further, I'm available now.
MK Group at Liberty Realty
Your Luxury Property Specialist
#1 Realtor in Hudson County MLS in 2011 out of approximately 3000 licensed agents
Only realtor in Hudson County to Reach Top Sales Award of Platinum since 2005 thru 2011
Office (201) 610 - 1010
Office Direct (201) 659 - 1143
Cell (201) 320 - 5371
If you need a referral of agents who specialize in this inventory just let me know. Good Luck.
Best of luck in your search,