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Market Conditions in 07030 : Real Estate Advice

  • All231
  • Local Info34
  • Home Buying121
  • Home Selling10
  • Market Conditions10

Activity 23
Tue Dec 11, 2012
HobokenBuyer answered:
Should have pointed out - the basement is finished and currently being used as an extra living room
0 votes 4 answers Share Flag
Sun Apr 15, 2012
Amos Elroy answered:
It depends greatly on location and other factors. The lowest that is currently active on the market is $160K, and the highest is $525K.

From the ones that sold in the last 3 months it was $199K - $437K.

If you would like more precise evaluation of particular properties let us know.

Hope this helps!

Amos Elroy
CDPE (Certified Distressed Property Expert),
SFR (Short-Sale Specialist Certified)

Residential Real Estate Investment Consultant
Lic. Realtor Associate
EXIT On The Hudson Realty
(888) 462-6573 / (888) HOB-NJRE
FAX (888) 462-6573
Office 201-437-0411

Twitter & Facebook: HobNJRE
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Wed Dec 28, 2011
Bill Eckler answered:

This may be compared to taking your date to the prom with your means of transportation being you bicycles. It may seem like a good iead only up to the time of actually applying it.

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0 votes 17 answers Share Flag
Thu Jan 6, 2011
Karina Abad answered:
Hi Citychick! Love your name. Well, for the best deal you'll want to search during the winter which is when the least amount of inventory is available and landlord's are usually more negotiable. However, there will be less to choose from so you have to be prepared for that.
For the most inventory and choices would be the spring and summer. You'll have lots of properties to choose from, but you may end up paying higher since it's when most tenants are looking to move.

Hope that helps!!!
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Wed Sep 15, 2010
Andres Garcia answered:

Without knowing more and viewing the home it would be very difficult to give you a price range for your home. Prices will vary greatly based on the square footage of the actual home, location, finishes and exposure. Right now you can find 2 bedroom homes with parking in newly constructed buildings for as low as $500,000 to over a $1,000,000.

If you would like to keep an eye on the market in general I would suggest the Market Snapshot service. Market Snapshot reports provide statistical data straight from the MLS on home similar to yours in location and size. These reports provide active sales, recent sales, list to sales price ratios, average days on market and many other valuable statistics to help you keep an eye on the market. To sign up visit:

Unfortunately, with nearly 10,000 million homes at some point in the foreclosure process, and an unknown employment outlook, it is hard to predict where the market will be a year from now.

If you have any questions, or would like a complementary CMA, please do not hesitate to contact me.

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 6 answers Share Flag
Tue Feb 9, 2010
Karina Abad answered:
Cokatie! If you email me your address I'll look it up for you. It sounds like you might be inquiring about a tax appeal I filed one myself with Tom Stack and he saved us $2,000. If you want I have his entire package with instructions and information about the process plus his services.

If you want to stay confidential you can contact the tax assesor's office directly of Hoboken and they will give you your assesed value.

Hope I can help!

Karina Anillo
RE/MAX Gold Coast Realty
56 Newark Street
Hoboken NJ 07030
P(201) 795-5200 xt 332
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0 votes 9 answers Share Flag
Sat Oct 10, 2009
Kimberly Brandon, GRI,SFR answered:
For that information you will have to contact a REALTOR - only the REALTOR Multiply Listing Service tracks that type of data.
Hope this helps...Kimberly
0 votes 12 answers Share Flag
Wed Oct 14, 2009
Ruth Bonapace answered:
I actually do have a list of agencies ranked by sales, as provided by the MLS. However gross sales volume does not equal best. There may be an agency with 100 agents and each makes one sale. Another agency might have 10 agents and they each make 5 sales. In such an example, who is the best,?

Interview agents, walk into offices, experience the level of service and decide which agent (and office) seems to be a good fit for you. Ask agents about their experience, their business plan, how many sales they have made, how long they have been in business. Interview them the way you would interview an employee.

Ruth Bonapace
Bank of America Home Loans
Hoboken, NJ
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0 votes 5 answers Share Flag
Tue Jun 23, 2009
Andy Bencosme answered:
I would look it up in and to see what is being offered for lease.
0 votes 1 answer Share Flag
Thu Jun 25, 2009
Lisa Fleisher answered:
I wrote about this here:
and interviewed a lawyer/author/editor about how to negotiate a lower rent here:
Hope this helps.
real estate reporter
The Star-Ledger
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0 votes 2 answers Share Flag
Thu Apr 30, 2009
Eric J. Dilone answered:
Hi Michael. The answer is really dependent on the type of property. Existing homes prices have dropped an average of 9% since a year ago, with about 5% just since January '09. It took a little while for the Sep/Oct. market crash to trickle down. However new construction pricing near the waterfront didn't suffer as much, with places like Harborside Lofts, Maxwell Place, the W, and Garden Street Lofts not taking much of a price hit (2%-5%).

Pricing, however, doesn't accurately reflect depreciation. Most places don't sell for asking price, so the numbers are a bit skewed. Sold prices vary much more based on particular scenarios. Let me know and I'll be happy to elaborate.


Eric J.
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0 votes 8 answers Share Flag
Sun Aug 9, 2009
Walter Burns answered:

I too received my Hoboken tax bill this week. The Mayor alluded his letter than came with the tax bill that he hopes to roll back the tax increases after the City budget is adopted in March. From all that I have read, the tax increases were temporary for a few tax quarters to flush the City with cash. If they will continue to be temporary remains to be seen.

I hired a local tax attorney to look at my taxes and tax assessment to see if I am assessed correctly and over-paying. You may want to consult with a tax attorney to see if your tax assessment is correct. In my situation, my attorney believes the City greatly over assessed my condo and that I am paying in excess as much as $3,000 per year in taxes. Here is the information for Joe Scanlon whom I am working with. Feel free to give him a call and see how he can help you. He will go over the tax percentages and rates with you. There is no cost or obligation to speak.

Joseph Scanlon, Esq.
Gess, Gess, & Scanlon, P.C.
89 Hudson Street
Hoboken, NJ 07030
201-610-1340 (Business)
201-610-9287 (Fax)

Also, you may want to check out this website. It was formed by tax payers in Hoboken and keeps you updated on the tax situation.

I hope the information I provided helps. Please feel free to let me know if you have any additional questions.


Walter J. Burns
Weichert Realtors
1 Newark St.
Hoboken, NJ 07030
201-653-8488 Ext: 230
201-694-8946 Mobile
201-653-4154 Fax
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0 votes 5 answers Share Flag
Mon Jan 5, 2009
Joan Prout answered:
Ask your agent. Hoboken is a small city, but different areas command different prices. Prime areas are along the Hudson, close to the PATH (1st-5th Sts, no dead Presidents). Plan on your property taxes going up. (Current taxpayers have been receiving rather hefty increases, due to the City's having had its finances taken over by the State.) If you're buying "new" make sure there's a long tax abatement.

Ask you agent to run a market analysis of recent sales.

Joan Prout, MBA
Broker Associate
306 Grove Street
Jersey City, NJ 07302
201-946-2700 x310
800-671-0596 x1 (direct)
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0 votes 5 answers Share Flag
Sun Jun 8, 2008
Lori Turoff answered:
Hi Dawn,
There really is no 'average' as it totally depends on the unit and, especially, the location.
It's not necessary to paint but the nicer your unit shows the easier it will be to rent.
You can try and for credit checks.
NJ, and Hoboken in particular, is very pro-tenant and every rental unit in Hoboken is subject to rent control (except new construction). So that includes your condo. You should go down to City Hall and get the little booklet A guide to tenants' rights" that constituent services probably has. Also, check with the rent control office to get a registration form - you need to register your base rent, which would be the market rent if it is the first time you're renting out the unit. If you don't do it and your tenant finds out or you overcharge your next tenant there are some stiff penalties but City Hall can give you better details.
Of course, it doesn't cost you anything to list your unit with the realtors in town and try to rent it on your own at the same time - the tenant pays the fee - and this will give you the greatest exposure.
Hope this is helpful.
Lori Turoff
Robert DeRuggiero Realtors
Hoboken NJ
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Fri Mar 25, 2011
Matthew De Fede answered:
I COULD NOT AGREE MORE With you on this one, The news loves negative stories and that is what they will continue to focus on.
0 votes 47 answers Share Flag
Wed Mar 26, 2008
Barbara Ostroth answered:
Most agents and mortgage brokers will tell you what is starting to hit the press -- now is the BEST time to buy, while prices are "softer" and inventory is high. Bottom line -- if you see something you love, can visualize yourself in, and is in the right location, buy it. Hoboken is so popular now, there is no one wrong end of town. ... more
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Sun Mar 9, 2008
Evan Musikantow answered:

It would be in your best interest to view the available spaces and contact the respective realtors who are representing them. A brief interview of the realtors who are familiar with the area will give you good insight as to the comparable rents and an opportunity to feel them out to compare their individual bedside manner. Thirty minutes with 3-4 of them may give a good comfort level as to who knows their stuff and may protect your interests as a client. It could be the best two hours you spend in this endeavor. Once you have found one who is experienced and you feel will represent your interests well, that realtor should guide you through the best terms and conditions available. Even if the londlords seem to be simple and honest, you should still have your lease reviewed by a competent attorney prior to execution. Your realtor should be aware as to what is customary in the marketplace in regard to the condition of the space as well as tenant improvement allowances, intial lease term, approrpriate extensions, and a right of first refusal. In the event your business prospers and you need more space, your realtor should be able to inquire as to the terms and viability of expaning into one of the adjacent spaces.

While we are not licensed in New York, we would be happy to refer one of our local affiliates.

Evan Musikantow
Musikantow & Associates
480-483-6014 FAX

CONFIDENTIALITY NOTICE: The information contained in this email is confidential and proprietary information intended for the use only of the intended addressee thereof. If the reader of this email is not the intended addressee, you are hereby notified that any dissemination, distribution, or copying of this message is prohibited. If you have received this message in error, please notify the sender immediately and then delete this message and all copies and backups thereof. Thank you. All warrants and representations contained in the marketing materials are subject to change at the sole discretion of the respective builder or developer. All information is deemed to be accurate at the time presented, but under no circumstances guaranteed.
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Tue Apr 29, 2008
Beads answered:
$1700-2200 depending on location, if luxury building or not.
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Sun Mar 2, 2008
Sharon Kozinn answered:
That all depends on how a unit is priced. If it is priced aggressively, it may not be much. If it is priced too high, it could be a lot more. An agent familiar with that area can tell you more specific since it will vary from unit to unit.
Sharon Kozinn
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0 votes 8 answers Share Flag
Tue Oct 30, 2007
Brian Parkes answered:
Depends on area/building, actual condition,floor, end unit next to the elevator etc...
I've seen the range from 1000sqft to 1300sqft-- 500K to 800K and vice versa. Need to look at local comps once you see something you like... I'm local, if in fact you want a Realtor to see you through it - I can go over the comps.. ... more
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