hoboken homes: Are there still good condo deals in Hoboken? - 08/09/13 06:28 AM

Everyone wants a good deal, especially when it comes to real estate.  I do too!
What I've noticed throughout my 13 year career selling homes in Hoboken and the surrounding area is that the best deals are available when the least amount of people are buying or from properties that have relatively minor cosmetic issues. 
For example the last financial meltdown beginning in late summer 2008 launched what may be the best opportunity to purchase a home in the last 20-30 years, maybe more. 
Savvy buyers and investors were buying up properties but many would be home owners sat on … (1 comments)

hoboken homes: Hoboken & Jersey City Condo Market - What You Need to Know - 07/05/13 03:57 PM

Ok, today it officially feels like summer to me.  The day after the awesome 4th of July fireworks display on the Hudson river, parking was easily had in downtown Hoboken.  It's also really hot today.
I'd thought it would be helpful to point out at couple of observations and facts about the current market that you could use if trying to decide whether to buy, sell or just go to the beach!
 
Couple of observations and useful facts:
July is typically one of least active months in terms of new contracts We have 294 condos for sale in Hoboken, … (0 comments)

hoboken homes: Hoboken Real Estate - News for Buyers & Sellers - 04/08/13 01:56 PM
  The February 2013 Hoboken Condo market update By Edward Perez, Broker - REALTOR at RE/MAX   Good news for Hoboken condo sellers:
Hoboken condominiums on average are selling faster than they did during the same period last year, just 30 days in February 2013 as opposed to 80 days for all closings in February 2012. Inventory continues to sit at historic low levels with just 188 total units for sale 70 condos went into contract last month (February 2013) The current absorption rate, the rate at which all condos in market would be "absorbed" by the current pace of … (3 comments)

hoboken homes: Hoboken Condo living close to the PATH - 04/07/13 09:38 AM
Hoboken Condo Living Close to the PATH
By Edward Perez
 
 
 

 
 
One of the great benefits of living in Hoboken is that we are so close to Manhattan and that we're connected to the city by 2 ferry locations, the NJ \Transit bus to Port Authority on 42nd St & 8th Ave and the PATH trains to the World Trade Center and up to 33rd St.
 
Buyers looking for a new condo to purchase often want to look for homes that are a short walking distance to the PATH trains.  With the Hoboken PATH station … (0 comments)

hoboken homes: The Hoboken Condo market Update for February 2012 - 03/15/12 10:34 AM
The Hoboken condo market has made some significant moves, many may be in your favor.
Personally, I have been able to get 13 properties into contract during the first two months of this year.  Although the market has been very competitive as of late, most of my buyers have been able to secure the homes that they had targeted as their first choice!  I'm excited to be able to get many of them into their first homes and look forward to a long and mutually beneficial relationship :)
First, there's something I have to get off of my chest.....
The market is on … (0 comments)

hoboken homes: Hoboken Meets Jersey City - 11/12/11 04:29 PM

Hello Jersey City, I'm Hoboken.  Nice to meet you!
This is a great photo showing where Hoboken and Downtown Jersey City border each other.  Photo is taken from the Hudson Tea Building with 13th & Washington St., Hoboken in the foreground.
 
It's also a good perspective showing Hoboken with its abundant lower-rise buildings, many of which date back to the late 1800's, and the Newport section of downtown Jersey City with its newer high-rise buildings.
 
Both are very nice places to live.  Lots of really great condos with easy access to NYC.
 
Do you remember when this … (0 comments)

hoboken homes: Hoboken condo sales statistics..Sales prices are up how much? - 11/09/11 05:37 PM
Hoboken condo sales statistics..Sales prices are up how much?
By Eddie Perez, Broker - REALTOR  
I know most people feel that the Hoboken condo market is down, especially the "buyers" out there.  Surprise...prices went up when compared to last year.
When compiling the final sales figures for October 2011 using the Hudson County Multiple Listing Service, the central theme I noticed was.....
 
Fewer condos are selling but they are selling for quite a bit more!
 
In the Hoboken condo market, closed sales prices showed big increases in October when compared to the October 2010 stats. Average prices rose 7.73 … (3 comments)

hoboken homes: The Holidays are Coming… Should I Wait to Sell My Hoboken Condo? - 10/25/11 08:52 PM
I'm often asked.... “Eddie, with the holidays quickly approaching, should I wait until January to put my Hoboken cond The short answer is Maybe...     
To help answer the question properly, I typically assess your goals and timing. I then perform a "Real Estate Timing Analysis" and a "Financial Risk Analysis". Both of these are important tools we use to help identify what may be best for you. Better yet, they can often help save you a lot of money.
On a purely strategic aspect, here are my thoughts on why not waiting may be a good decision for you:
1. While … (0 comments)

hoboken homes: Brand New, Quality 3 Bed Condos in Hoboken for Under $650K...Really! Yes, Really! - 10/21/11 03:38 PM
 
Can you really purchase a quality 3 bedroom condo in Hoboken for under $650,000?  The answer is a resounding Yes!                                                                                                      
OK, forget Manhattan.  I know, you really love the place but come on.....let's be realistic. 
Work and play there but come home to Hoboken!  Your pocket book, stress level … (2 comments)

hoboken homes: 30-Day Hoboken Condo Market Snapshot as of 10/12/2011 - 10/12/11 09:04 PM
How’s the market? The 30-day Hoboken condo market snapshot is designed to give a quick look at how the overall Hoboken condo market has performed during the previous 30 days. It's current, hyper-local information can be a helpful guide and can offer confidence in understanding what is happening now so you can make the best decisions for you and your family.
30-Day Hoboken Condo Market Snapshot as of 10/12/2011
Total Condos For Sale: 309Average Price: $534,825Median Price: $475,000Avg Days on Market: 840-1 bed : 114Avg: $387,789Median: $334,750 Avg price per sqft: $522Avg days on market: 922 bed:  160Avg: $581,917Median: $524,950Avg price per … (0 comments)

hoboken homes: How's the Hoboken Condo Market? - 09/23/11 11:23 PM
Stats you can use while shopping for your new Hoboken condo. by Eddie Perez, Broker - REALTOR at RE/MAX Hoboken Condo Market Snapshot for 9/23/2011
Total Condos For Sale:  337Average asking price: $523,566Median asking price: $465,000Avg days on market: 790-1 bed : 133 condos Average asking price: $380,910Median asking price: $325,000Avg price per sqft: $524.54Avg days on market: 892 bed:  170Avg: $585,344Median: $519,400Avg price per sqft: $481.22Avg days on market: 693 bed: 29Avg: $710,113Median: $628,500Avg price per sqft: $449.46Avg days on market: 95Total Condos Under Contract:  107      Average days on market: 92    Avg asking price per sqft: $466.08Total Under Contract Last … (1 comments)

hoboken homes: For Sale: Large Community that Cares! - 08/30/11 10:18 PM

Hoboken, NJ.
I love the town where I live and work, Hoboken, NJ, I really do.  It has a fantastic location with easy access into Manhattan, beautiful New York City and Hudson river views, an abundance of restaurants, nightlife, shopping etc., all the things people are looking for in an urban environment.
What I love most however is our sense of community.  Yes, there's always room for improvement, in any aspect in life for that matter. 
Last Tuesday I was flying to a real estate conference in Los Angeles.  That was the day of the earthquake in Virginia which was felt in New Jersey.  Later … (3 comments)

hoboken homes: Hoboken Condo Supply Drops to Just Over Four Months - 08/20/11 10:37 PM
The Hoboken condo market supply has dropped to just over 4 months (4.36 month supply) based upon the most recent 30-Day Hoboken Condo Market Absorption Rate, a significant drop from the previous weeks rate which was at 5.22 months.     This is the rate where the total condo inventory that is presently on the market for sale would be "absorbed" by the pace of units placed under contract within the last 30 days as of 8/19/11.   Many buyers are surprised by the amount of activity we are presently seeing in the Hoboken condo market. It's important that my customers … (0 comments)

hoboken homes: Hoboken Condo Market Snapshot 8-5-11 - 08/05/11 07:20 PM
How’s the market?
 
Hoboken Condo Market Snapshot 8/5/2011
 
Total Condos For Sale:  325 Average Price: $510,575 Median Price: $460,000 Avg Days on Market: 91 0-1 bed : 128   Avg: $377,918 Median: $$329,690 Avg price per sqft: $516.03 Avg days on market: 93 2 bed:  163 Avg: $566,643 Median: $519,600 Avg price per sqft: $477.79 Avg days on market: 83 3 bed: 32 Avg: $704,243 Median: $646,000 Avg price per sqft: $470.31 Avg days on market: 120 Total Condos Under Contract:  135 Total Under Contract Last 30 days: 60 30 Day Absorption Rate: 5.41 months (60 units under contract … (0 comments)

hoboken homes: Hoboken "Kiddie Condos" - Some Things to Consider When Parents Invest with Their Children - 06/03/11 10:55 PM
More and more buyers are teaming up with Mom and Dad to help alleviate some of the challenges of buying a condo in today's market. 
(Where were you, Mom and Dad, when I was buying my first home?...) 
Mortgage pro Ted Schirm with Investors Savings Bank states, "Securing financing for a Hoboken condo has become more challenging since banks have tightened their lending standards. Additionally, when parents are investing with or for their children and wish to obtain the best mortgage rates, many lenders are seeking substantial down payments, typically 25% of the purchase price or more."
"Kiddie Condos - … (0 comments)

hoboken homes: April 2011 Hoboken Condo Market Update - Good News for Buyers & Sellers - 05/03/11 12:45 AM
The Hoboken Condo market update for April 2011 is in and depending on whether you're buying or selling, the news can be viewed as either good or not so good.  
Good news for Hoboken condo sellers:
Hoboken condominiums on average are selling faster than they did during the same period last year, just 69 days in April 2011 as opposed to 82 days for all closings in April of 2010.  Additionally the overall inventory is at a historic moderate amount sitting at 378 units.   75 condos went into contract last month The current absorption rate, the rate at which … (0 comments)

hoboken homes: Search Hoboken MLS condos on your smart phone for FREE! - 04/19/11 08:12 PM
Whether you're searching for a Hoboken condo or want to see what the brownstone your standing in front of is selling for, this FREE app brings the information to the palm of your hand anytime, anywhere.  This is the only real estate app that works on standard cell phones and smart phones alike.  Plus, did I mention it's FREE!
Download today!  Text: [BROWSE] to: 87778 to get my free app for IPhone, Android or Blackberry.
Search all Hoboken MLS listings and view prices, square footage, taxes, features, maps, pictures and more! The "Call" feature will connect you to me if you … (0 comments)

hoboken homes: Great Restaurants Are Abundant In Hoboken! - 04/13/11 08:24 PM
 
Condo living in Hoboken has a lot to offer. Hoboken is filled with great restaurants and this weekend you can get a taste of some by taking part in the Magnia Hoboken Food And Culture Tour. Enjoy walking in historic Hoboken while trying some local cuisine.  "We offer a weekly walking tour that will offer residents and tourists a behind-the-scenes look at the world class food establishments that highlight Hoboken's Italian heritage." said Tour Director, Avi Ohring.
 
The tour will stop at many places some include:
Carlo's City Hall Bake Shop, home of "Cake Boss"- The hit series is … (3 comments)

hoboken homes: Buying a Hoboken condo? Make sure you ask this important question! - 04/08/11 09:57 AM
Imagine spending the first night in your new Hoboken luxury condo.  You know, the one you've just spent upwards of $600,000 or more for.
 
Tired from your move and the celebratory toast from the bottle of champagne that your REALTOR gave you at closing, you look forward to the first nights rest in your new home.
 
As you slip into a peaceful sleep, suddenly you're awakened at 1am.
 
Thunk!...Bang!.....Crunch!.....Grind!....Bang!...Boom!   OMG...what the #*%@ is that!
 
Those my friends are the wonderful sounds of the garbage collection at your luxury condo building.
 
These are the sounds I experience 6 … (2 comments)

hoboken homes: 133 Jackson St #4A, Hoboken New Jersey 07030. Hoboken 2 BD / 2 BA*Elevator* good PATH location GREAT PRICE! - 03/14/11 03:09 PM
(1 comments)

 
Edward Perez, NJ Luxury Group - Serving Hoboken & Northern NJ (RE/MAX Gold Coast Realty) Rainmaker large

Edward Perez

NJ Luxury Group - Serving Hoboken & Northern NJ

Hoboken, NJ

More about me…

RE/MAX Gold Coast Realty

Address: 56 Newark St, Hoboken, NJ, 07030

Mobile: (201) 344-2886

Office: 2017955200 ext 423

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Market news,stats, new listings, price reductions and lots of other useful info about condos and other real estate in Hoboken, NJ.

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