Hoboken New Jersey Top 10 Priciest Real Estate | Luxury Hoboken Condo's For Sale

There is no doubt football star Eli Manning's Hoboken luxury condo for sale made this top ten list. But the other 9 sure are sexy! And there is one surprising new comer to the multi million dollar condo list.

Hoboken's The Sky Club condo building sale price averages are around $550,000 in comparison to the current $1.999 Million dollar price tag for the sprawling 6 bedroom home.

Other frequent members to the V.I.P. list of Hoboken NJ priciest condo's are the international W Hotel brand at the W Hotel Hoboken and of course, Toll Brothers Maxwell Place with one special and rarely available townhouse with direct walk up access and spectacular views.

So which one would you choose from the list if you had the money? Would you live in one of these homes or would you live somewhere else? 

Don't forget to leave a comment below! 

Eli Manning Puts His Incredibly Lavish Condo Up For Sale In Hoboken

The Hudson Tea is a historic landmark in Hoboken, New Jersey. It is also one of the most unique and luxurious residence buildings in Hoboken and has been home to several celebrities over.

Indisputably the biggest celebrity to live here is football giant superstar Quarterback Eli Manning of the NY Giants.

He has a reputation of being laid back and very nice to his local neighbors that run into him on occasion whether in the building or in town.

He purchased not one, but three real estate condo's at the Hudson Tea connecting them all to make a one of a kind, 3,555 sq foot mansion (by condo standards) outfitted with gorgeous interior finishes and furnishings as you can see here.

It was listed for sale just before Memorial Day Weekend by Douglas Elliman of NJ real estate firm. Apparently, it appears the Manning's are in no rush to sell suggested by their listing contract of one year. So if you're thinking you're going to low ball his $5.2Million dollar price tag - you might have a better chance at kicking a third game winning field goal in overtime. -- Just sayin.




Can't get enough of multi million dollar condo's in Hoboken? Here are Hoboken's Top Ten priciest Condo's.

Hoboken and Downtown Jersey City Real Estate Video Market Recap

Thought I'd change it up a bit!

Downtown Jersey City Market Snapshot | Condo Real Estate Sales Recap

For the month of May, downtown Jersey City closed a total of 44 condominium units. Their total Median List Price was $642,444 and their Median Sold Price was $651,500. Their total time on market - Median Days on Market - was just 15 days.

In April, DTJC closed 46 units by comparison and a Median Sold Price of $715,500 - with more luxury sales reported than the month of May.

There are a total of just 92 units available for sale, leaving downtown Jersey City with a current absorption rate of a little over 2 months.

This indicates a sellers market, as at the current pace of sales and low level of inventory, it would just take 2.5 months for all of the units to sell if no other units became available.

Any questions? Email me! And don't forget to leave a comment below!

Hoboken Condo Market Statistics April 2015

For the month of April, Hoboken saw a total of 88 condo sell.

Their Median List Price was $568,388 and the Median Sold Price was higher, at $577,388. This is continuing with the trend in March, where the Median List Price was $549,000 and the Median Sold Price was also higher, at $565,000.

The Median Days on Market was 12 days in April for Hoboken condos.

For the same month of April, there were another 115 units change their status to either DABO or UNDER CONTRACT - which both means they were taken off the market and an offer accepted by the seller. The Median List Price for these pending, are sharply higher than the Median Sold Price of April - at $619,000. We'll know next month the SOLD PRICE stats for these pending.


In a market like this it is important to have a knowledgeable real estate agent working for you. They can get the inside scoop to find properties for sale, make the appointment to get you in on time, and help you develop a strategy for an offer.

Happy house hunting!

Q1 Downtown Jersey City Real Estate Sales Update

First quarter downtown Jersey City Real Estate Sales Update

Let's just jump right in to the numbers!!

First Quarter (Q1) 2015
118 Condominium units closed with a Median Sale Price of $559,000 and a Median Days on Market of 29 days (about a week longer than 2014 Q4) which is an 11.4% increase from the same quarter 2014.

Q4 2014 closed 156 condominium units with a Median Sale Price of $562,500 and a Median Days On Market of 18 days.


There are currently 111 Units waiting to close with a Median List Price of $598,000 which is 6% higher than the Median List Price of all the units that sold in the first quarter of 2015.

I tell all of my buyers to expect prices to go up between 5% and sometimes even 10% in the Spring market. This is due largely in part to simple supply and demand.  More buyers look to purchase in the Spring than any other time of the year.

Q1 Sales Report | Hoboken Condo Real Estate Sales

Q1 Hoboken Condo Real Estate Sales Report

March went out like a lion..

The climate of real estate sales in Hoboken New Jersey has not shifted much since last year continuing with the charge of buyers looking to purchase.

Although first Quarter 2015 ended with 152 Sales, (98 sales less than Q4 2014) and a Median Sale Price of $560,000 , --- we know that historically Q1 posts the lowest sale numbers as winter is generally the slowest time of the year for real estate sales.

Year over year, Q1 2015 sales appreciated 3% vs the same quarter in 2014.

Fourth Quarter 2014 ended with an increase in sales prices of 9.2% vs Fourth Quarter of 2013.

Median Sale Price was higher than the Median List Price meaning that for the most part units are trading at their full asking price.

Spring came in like a lamb  

PENDING

There are a whopping 233 units waiting to close. The Median List Price for all pending is $579,000 and the median days on market is 12 days - which is a week less than previous days on market. 

PATH Train Will Continue Running Service At Night

The PATH train with service to and from New York to Hoboken and Jersey City will continue running it's overnight service after the controversial proposal to cut service was announced last week.

In a statement released today on the Hoboken City's website - Mayor Zimmer said this:

On January 14, 2014, Senate President Steve Sweeney and Assembly Speaker Vincent Prieto announced that they had secured a commitment from Port Authority Chairman John Degnan to indefinitely table plans to eliminate overnight PATH service.

“I thank Chairman Degnan for listening to our voices and for taking the idea of PATH overnight service cuts off the table,” said Mayor Dawn Zimmer. “With 56% of Hoboken residents using public transportation to commute each day – the highest rate not just in the state, but in the nation – the success of our community and region is intrinsically linked to a robust mass transit system. Going forward, we should be focused on ideas to expand, not cut public transportation options within our region.”

Phew that was close! Certainly shutting down overnight service could have been detrimental to the economic health of both sides of the river. So glad that this potential crisis was averted and quickly! PATH goer's rejoice!

3 Reasons To Buy A Home in The Winter

3 Reasons to Buy A Home in The Winter

Winter, traditionally is the slowest season in real estate.  Less people move during the cold months, what with holidays and children still in the school year, it's no wonder most people move in the Spring. 

But winter can be a perfect time to score a home if you can be flexible and bear the cold for the big move.

Here are my Top 3 Reasons to Buy A Home in The Winter!

1- Seller must sell!
- If a home is for sale during December, January or February - then it is very likely that that seller HAS to sell. Again, most people don't want to move in the winter, and showing a home during the holidays is a huge inconvenience, so if you see a home for sale during these months - then you may just have found yourself a motivated seller.   1 Point for you!

2- Less Competition!
- Buyer's don't want to shlep around when its snowing to look at homes. They'd rather stay home on the weekends watching football where it's warm. Unless your market has a very small inventory of homes,  you'll be in a better position to negotiate with less buyer competition threatening your home flow. (Hashtag anyone?)  Another point for you!


3- Vendor Discounts!
- Did you hear me say less people move in the winter? Well that means that there is less work in the winter for vendors-- especially contractor type workers. This is a great time of year to get your home improvement work done. Painting, refinishing floors, installing granite, upgrading appliances, theatre systems.. you name it! Most vendors will give you a great price to keep them busy when they are their slowest. You'll develop a relationship with your vendors and they can do good work for you because they won't be split between multiple jobs.  Hip hip hey hey hey - another win for you!!

I hope my 3 reasons to buy a home this winter helped open your mind to the idea of moving when the weather gets tough --- the tough get moving!