A Hoboken and Jersey City Real Estate Blog by Karina Abad, realtor at Keller Williams Towne Square. Real estate market news, condos, homes and brownstones, buying and selling tips and local community info.
Thursday, October 17, 2013
New Hoboken Loft Rental Building Opens It's Doors To Artists
The doors of the Artisan at 1400 Clinton and 1440 Grand St open today. Names after the base that this marketing group are looking to attract, the Artisan offers one two and three bedroom apartments plus retail space and ten apartments were designed as live/work spaces for artists.
The apartments range in price from $2300 up to $4400 for a three bedroom. They are outfitted with hardwood floors, washer and dryers plus floor to ceiling windows and a lucky few have private roof decks. While the prices don't seem artist friendly, the addition of work/live spaces are a smart move and will likely be snatched up quickly by successful artists looking to stay in the area. And what a great location just walking distance to the Monroe Arts Center, the Biergarten, The Hoboken Movie theater, Carpe Diem and just 5 minutes to the Lincoln Tunnel.
Construction is expected to be completed this month. I think it's a great addition to the on going 14th St Viaduct beautification project which is providing green space and pedestrian walkways to give this once abandoned industrial area a community vibe.
Thursday, October 3, 2013
Hudson Tea Condo For Sale - New Listing! $879,000
I just listed this spectacular residence for sale at 1500 Washington St #11D. This beautiful home is a rarely available West side corner unit on a high floor, offering sunny exposure and views of Hoboken, Jersey City and downtown New York City plus the Hudson River. It offers 1305 sq ft, two bedrooms two baths with renovations galore.
Brand new hand distressed hardwood floors throughout offer richness. Opened kitchen area that allow for great entertaining is outfitted with solid wood cabinets, high end appliances and a granite breakfast bar connecting to a true dining space.
Large bedrooms on opposite ends allow for privacy.
Dramatic 13 foot ceilings and over-sized windows really give this unit the wow factor.
Attractively priced at $879,000
Jersey City Real Estate Market Update September 2013
Jersey City Real Estate Market Update September 2013
If I could describe the current real estate environment in downtown Jersey City I would say it's cut throat. To say the market is competitive is an understatement. Multiple bids, acceptances and then cancelling because a new, higher bid came in is the norm. Buyers, you must hire a savvy agent if you are wishing to compete and find a home to call your own. Sellers, as long as you price your home accordingly, you can be confident you will receive your asking price if not better.
Sales: For the month of September DTJC saw a total of 51 units close. The Median List Price was $499,000 and the Median Sold Price was HIGHER at $507,500. This means if you are making an offer on a property, you must, you must must (unless it's overpriced) start at asking price if you are going to be the winning bid. Scary, yes.
Median Days on Market was 28 days.
Pending:
For this same month DTJC 45 units changed their status from active to under contract. Their Median List Price was $549,900 and the Median Days on Market was 28 days.
If I could describe the current real estate environment in downtown Jersey City I would say it's cut throat. To say the market is competitive is an understatement. Multiple bids, acceptances and then cancelling because a new, higher bid came in is the norm. Buyers, you must hire a savvy agent if you are wishing to compete and find a home to call your own. Sellers, as long as you price your home accordingly, you can be confident you will receive your asking price if not better.
Sales: For the month of September DTJC saw a total of 51 units close. The Median List Price was $499,000 and the Median Sold Price was HIGHER at $507,500. This means if you are making an offer on a property, you must, you must must (unless it's overpriced) start at asking price if you are going to be the winning bid. Scary, yes.
Median Days on Market was 28 days.
Pending:
For this same month DTJC 45 units changed their status from active to under contract. Their Median List Price was $549,900 and the Median Days on Market was 28 days.
Hoboken Real Estate Condo Market Update September 2013
Hoboken Real Estate Condo Market Update September 2013
Hoboken's real estate market remains hot. Best to strike while the iron is hot as mortgages are low and it is a great opportunity for both sellers and buyers. Although for buyers you will need patience and your wits about you!
Sales:
For the month of September Hoboken saw a total of 98 sales. The Median List Price for all units sold was $561,950 and the Median Sold Price was $560,919. The lowest and highest sales were $265,000 and $1.580Million respectively.
The Median Days on Market was 28 days.
Pending:
The same month, 76 units changed their status from active to under contract. The Median List Price was $533,066. The Median Days on Market was 27 days.
Hoboken's real estate market remains hot. Best to strike while the iron is hot as mortgages are low and it is a great opportunity for both sellers and buyers. Although for buyers you will need patience and your wits about you!
Sales:
For the month of September Hoboken saw a total of 98 sales. The Median List Price for all units sold was $561,950 and the Median Sold Price was $560,919. The lowest and highest sales were $265,000 and $1.580Million respectively.
The Median Days on Market was 28 days.
Pending:
The same month, 76 units changed their status from active to under contract. The Median List Price was $533,066. The Median Days on Market was 27 days.
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