Living on the Hudson» Neighborhood Spotlight

Jersey City Waterfront Condos Maintenance Fees & Taxes

Walter Burns — Tue, 31 Aug 2010 03:10:48 +0000

Currently there are three major downtown Jersey City waterfront high-rise condos which are currently being sold as new construction. They are 77 Hudson, Crystal Point, and Trump Plaza Residences. I find that many buyers who look at one of these buildings usually has interest in seeing the others. Commons questions that I hear are regarding the taxes and the maintenance fees for each of these buildings.

77 Hudson Condos in Jersey City

77 Hudson is a high-rise new construction condominium project developed by K. Hovnanian in the Paulus Hook/Exchange Place section of downtown Jersey City.

The monthly maintenance fees for 77 Hudson break down to about $0.71 cents per square foot. This includes heat, hot water, water, gas, common insurance, as well as all of 77 Hudson’s common amenities like 24 concierge, outdoor pool, fitness center and resident’s lounge.
77 Hudson has a 20 year tax abatement. Taxes will be based upon the purchase price of each unit and assessed by the City of Jersey City. The estimate for the annual taxes is approximately 1.65% to 1.7% of the sales price.

Trump Plaza Residences in Jersey City

Trump Plaza Residences is a 55 story high-rise new construction condominium building located at 88 Morgan St. in Jersey City. It was developed by Metro Homes LLC and is located in the Exchange Place section of downtown Jersey City.

The monthly maintenance fees for Trump Plaza are currently $0.71 cents per square foot which includes water, common insurance, basic cable/internet, and all of Trump Plaza’s common amenities like 24 hour doorman, concierge, fitness center, resident’s lounge, outdoor pool, game room, and indoor Roman spa.
Trump Plaza has a 20 year tax abatement. Taxes will be based upon the purchase price of each unit and assessed by the City of Jersey City. The estimate for the annual taxes is approximately 1.65% to 1.7% of the sales price.

Crystal Point Condos in Jersey City

Crystal Point is the only downtown Jersey City condo building that literally sits on the banks of the Hudson River, 25 feet from the water’s edge. It was developed by Fisher Development Associates and is located at 2 2nd St. near Exchange Place in downtown Jersey City.

The monthly maintenance fees for Crystal Point are currently $0.57 cents per square foot. This includes water, hot water, gas, valet parking for 1 car. Also included are Crystal Point’s common amenities like 24 hour concierge, outdoor pool, indoor whirl pool, resident’s lounge and fitness center.
Crystal Point has a 30 year tax abatement. The taxes will be based on the purchase price of each condo and assessed by the City of Jersey City. In years 1-5 of ownership the taxes are approximately 0.9% to 1.1% of the purchase price. In years 5-10 of ownership, the taxes adjust to approximately 1.3% of the owner’s original purchase price. In years 10-30, the taxes adjust to approximately 1.4% of the owner’s original purchase price.

All of these taxes figures are just estimates. I recommend contacting the City of Jersey City Tax Assessor’s Office with specific tax related questions.

If you have any questions about these Jersey City waterfront condo buildings, feel free to contact me, Walter Burns.

For all the latest in Jersey City real estate news and information, subscribe to Living on the Hudson.

Top 3 Hoboken Condo Sales – July 2010

Walter Burns — Sat, 21 Aug 2010 02:31:40 +0000

Below are the top 3 most expensive Hoboken condo sales for July 2010. All information is gathered from the Hudson County Multiple Listing Service.

The Three Most Expensive Hoboken Condo Sales

1. 1125 Maxwell Lane Unit #1222 - Maxwell Place: This 3 bedroom, 3 full bath condo featured 1,749 sq.ft. of living space and garage parking for one car in one of Hoboken’s top waterfront condominium buildings. This new construction condo sold for $1,146,995 on July 23, 2010.

2. 700 1st. St. Unit 17PA - Sky Club: This 1 bedroom, 2.5 bath, 2,372 sq.ft. penthouse condo featured 2 terraces overlooking New York City. This condominium sold for $1,050,000 on July 7, 2010.

3. 223 Madison St. Unit #2: Located on Madison St. between 2nd & 3rd, this 4 bedroom, 3 full bath duplex condo featured 1,950 sq.ft. of living space plus a garage for 3+ cars. It also had a private deck leading to a common yard share by only two condos in the building. The property sold for $852,000 on July 6th, 2010.

Related Reading

For all the latest in Hoboken real estate news and information, subscribe to Living on the Hudson.

Jersey City Condo Market Update July 2010

Walter Burns — Fri, 13 Aug 2010 19:22:59 +0000

Below is the Jersey real estate market update for condominium sales for July 2010 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

There are 355 Active Jersey City condos for sale with an average listing price of $520,086. Average days on the market: 103 Days

Since July 1st, 99 new Jersey City condos came on the market for sale with an average listing price of $523,447.

Active Downtown Jersey City Studio Condos: 13 condos for sale with an average listing price of $323,369. 95 days on the market.
Active Downtown Jersey City 1 Bedroom Condos: 143 condos for sale with an average listing price of $368,050. 108 days on the market.
Active Downtown Jersey City 2 Bedroom Condos: 159 condos for sale with an average listing price of $570,973. 98 days on the market.
Active Downtown Jersey City 3+ Bedroom Condos: 40 condos for sale with an average listing price of $925,273. 105 days on the market.

Pending Downtown Jersey City Condos

There are 78 Downtown Jersey City condos under contract waiting to close with an average listing price of $428,263 Average days on the market: 95 Days. Final sales prices of these units will not be published until they close.

Pending Downtown Jersey City Studio Condos: 2 condos under contract with an average listing price of $74,000. 87 days on the market.
Pending Downtown Jersey City 1 Bedroom Condos: 28 condos under contract an average listing price of $318,564. 90 days on the market.
Pending Downtown Jersey City 2 Bedroom Condos: 43 condos under contract with an average listing price of $492,181. 102 days on the market.
Pending Downtown Jersey City 3+ Bedroom Condos: 5 condos under contract with an average listing price of $554,580. 62 days on the market.

Sold Downtown Jersey City Condos 7/1/10 to 7/31/10

30 Downtown Jersey City condos sold between 7/1/10 & 7/31/10 with average listing price of $589,761. The average sales price of these sold Downtown Jersey City condos were $556,107. Average days on the market: 82 Days

Sold Downtown Jersey City Studio Condos: No studios sold in July.
Sold Downtown Jersey City 1 Bedroom Condos: 6 condos sold an average listing price of $333,466 and an averages sales price of $314,341. 92 days on the market.
Sold Downtown Jersey City 2 Bedroom Condos: 20 condos sold with an average listing price of $615,752 and an average sales price of $582,909. 82 days on the market.
Sold Downtown Jersey City 3+ Bedroom Condos: 4 condos sold with an average listing price of $844,250 and an average sales price of $784,750. 65 days on the market.

Jersey City Waterfront Condo Update

Sold units since 7/1/10

Shore Club: 15 Active condos, 4 units under contract, 5 condos sold.
A Condominiums: 16 Active condos, 1 unit under contract, 3 condos sold.
Mandalay on the Hudson: 10 Active condos, 4 units under contract, 4 condos sold.
Gulls Cove: 11 Active condos, 2 units under contract, 1 condo sold.
Fulton’s Landing: 4 Active condos, 4 units under contract, 2 condos sold.
James Monroe: 16 Active condos, 0 units under contract, 0 condos sold.
Liberty Terrace: 8 Active condos, 1 unit under contract, 0 condos sold.
Liberty Harbor: 4 Active condos, 0 units under contract, 1 condo sold.
Portofino: 4 Active condos, 4 units under contract, 1 condo sold.
Pier House: 3 Active condos, 2 units under contract, 0 condos sold.
700 Grove: 12 Active condos, 3 units under contract, 3 condos sold.
Montgomery Greene: 3 Active condos, 2 units under contract, 1 condo sold.
Clermont Cove: 3 Active condo, 1 unit under contract, 1 condo sold.
Sugar House: 3 Active condos, 0 units under contract, 0 condos sold.
Waldo Lofts: 5 Active condos, 2 units under contract, 1 condo sold.
Zephyr Lofts: 6 Active condos, 1 unit under contract, 0 condos sold.

****The above data may not reflect all of the units that may be available or that have sold in downtown Jersey City. Inside sales offices in new construction downtown Jersey City condo buildings like Gulls Cove, Trump Plaza, Crystal Point, and 77 Hudson do not list and report all of their sales through the Hudson County MLS.

To see how this market update compares to last month’s, please visit the June 2010 Jersey City condo sales report.

If you have questions about a certain downtown Jersey City Condo buildings that are not on this list, feel free to contact me, Walter Burns or leave a comment. I will get back to you with the information.

For the latest in Hudson County real estate news and information, subscribe to Living on the Hudson.

Hoboken Real Estate Market Update July 2010

Walter Burns — Thu, 05 Aug 2010 21:13:21 +0000

Below is the Hoboken real estate market update for condominium sales for July 2010. All information is gathered from the Hudson County Multiple Listing Service.

Active Hoboken Condos

There are 508 Active Hoboken condos for sale with an average listing price of $520,139. Average days on the market: 96 Days

Since July 1st, 126 new Hoboken condos came on the market for sale with an average listing price of $484,394.

Active Hoboken Studio Condos: 14 condos for sale with an average listing price of $345,748. 154 days on the market.
Active Hoboken 1 Bedroom Condos: 185 condos for sale with an average listing price of $378,148. 86 days on the market.
Active Hoboken 2 Bedroom Condos: 258 condos for sale with an average listing price of $579,727. 93 days on the market.
Active Hoboken 3+ Bedroom Condos: 51 condos for sale with an average listing price of $781,626. 125 days on the market.

Pending Hoboken Condos

There are 139 Hoboken condos under contract waiting to close with an average listing price of $504,188. Average days on the market: 91 Days. Final sales prices of these units will not be published until they close.

Pending Hoboken Studio Condos: 6 condos under contract with an average listing price of $264,666. 169 days on the market.
Pending Hoboken 1 Bedroom Condos: 40 condos under contract an average listing price of $363,230 85 days on the market.
Pending Hoboken 2 Bedroom Condos: 78 condos under contract with an average listing price of $520,490. 88 days on the market.
Pending Hoboken 3+ Bedroom Condos: 15 condos under contract with an average listing price of $891,116. 87 days on the market.

Sold Hoboken Condos 7/1/10 to 7/31/10

49 Hoboken condos sold between 7/1/10 & 7/31/10 with average listing price of $528,438. The average sales price of these sold Hoboken condos were $508,012. Average days on the market: 78 Days

Sold Hoboken Studio Condos: 2 Studio sold with an average listing price of $328,950 & an average sales price of $314,500. 169 days on the market.
Sold Hoboken 1 Bedroom Condos: 10 condos sold with an average listing price of $422,439 and an averages sales price of $392,010. 102 days on the market.
Sold Hoboken 2 Bedroom Condos: 29 condos sold with an average listing price of $533,562 and an average sales price of $515,672. 72 days on the market.
Sold Hoboken 3+ Bedroom Condos: 8 condos sold with an average listing price of $692,236 and an average sales price of $673,624. 44 days on the market.

Expired Hoboken Condos

These are Hoboken condos which were on the market for sale and did not sell during the term of the listing agreement. 25 Hoboken condos came off of the market in the past 30 days with an average listing price of $470,090. Days on the market: 164 Days

Hoboken Waterfront Condo Update

Harborside Lofts: 5 Active condos, 2 units under contract, 0 units sold since 7/1/10.
Hudson Tea Building: 27 Active condos, 5 units under contract, 1 unit sold since 7/1/10.
2 Constitution Court: 5 Active condos, 3 units under contract, 0 units sold since 7/1/10.
Maxwell Place: 26 Active condos, 4 units under contract, 1 unit sold since 7/1/10.
The W Hotel & Residences: 3 Active condos, 0 units under contract, 0 units sold since 7/1/10.

****The above data may not reflect all of the units that may be available or that have sold in these Hoboken waterfront buildings. Toll Brothers which represents Harborside Lofts, the Hudson Tea Building, and Maxwell Place does not place all of their condos in the Hudson County MLS for sale and does not report all of their sales through the MLS either. Neither does the Applied Companies, the developer of the W Hotel in Hoboken.

To see how this month’s Hoboken real estate update compares to last month’s, visit the June 2010 Hoboken real estate market update.

If you have any questions about this market update, please feel free to contact me, Walter Burns or leave a comment.

Related Posts:

Jersey City Condo Market Update June 2010

Walter Burns — Sat, 17 Jul 2010 03:41:58 +0000

Below is the Jersey real estate market update for condominium sales for June 2010 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

There are 358 Active Jersey City condos for sale with an average listing price of $511,764. Average days on the market: 101 Days

Since June 1st, 110 new Jersey City condos came on the market for sale with an average listing price of $511,396

Active Downtown Jersey City Studio Condos: 13 condos for sale with an average listing price of $309,069. 92 days on the market.
Active Downtown Jersey City 1 Bedroom Condos: 142 condos for sale with an average listing price of $364,394. 103 days on the market.
Active Downtown Jersey City 2 Bedroom Condos: 168 condos for sale with an average listing price of $554,013. 100 days on the market.
Active Downtown Jersey City 3+ Bedroom Condos: 35 condos for sale with an average listing price of $982,159. 99 days on the market.

Pending Downtown Jersey City Condos

There are 85 Downtown Jersey City condos under contract waiting to close with an average listing price of $462,942 Average days on the market: 88 Days. Final sales prices of these units will not be published until they close.

Pending Downtown Jersey City Studio Condos: 2 condos under contract with an average listing price of $214,500. 30 days on the market.
Pending Downtown Jersey City 1 Bedroom Condos: 31 condos under contract an average listing price of $341,213. 92 days on the market.
Pending Downtown Jersey City 2 Bedroom Condos: 44 condos under contract with an average listing price of $511,900. 93 days on the market.
Pending Downtown Jersey City 3+ Bedroom Condos: 8 condos under contract with an average listing price of $727,487. 60 days on the market.

Sold Downtown Jersey City Condos 6/1/10 to 6/30/10

43 Downtown Jersey City condos sold between 6/1/10 & 6/30/10 with average listing price of $448,695. The average sales price of these sold Downtown Jersey City condos were $425,727. Average days on the market: 74 Days

Sold Downtown Jersey City Studio Condos: No studios sold in June.
Sold Downtown Jersey City 1 Bedroom Condos: 23 condos sold an average listing price of $386,869 and an averages sales price of $366,230. 87 days on the market.
Sold Downtown Jersey City 2 Bedroom Condos: 17 condos sold with an average listing price of $482,582 and an average sales price of $462,470. 62 days on the market.
Sold Downtown Jersey City 3+ Bedroom Condos: 3 condos sold with an average listing price of $730,666 and an average sales price of $673,666. 50 days on the market.

Jersey City Waterfront Condo Update

Sold units since 6/1/10

Shore Club: 15 Active condos, 6 units under contract, 6 condos sold.
A Condominiums: 18 Active condos, 1 unit under contract, 3 condos sold.
Mandalay on the Hudson: 11 Active condos, 4 units under contract, 4 condos sold.
Gulls Cove: 11 Active condos, 1 unit under contract, 0 condos sold.
Fulton’s Landing: 5 Active condos, 2 units under contract, 3 condos sold.
James Monroe: 14 Active condos, 0 units under contract, 3 condos sold.
Liberty Terrace: 6 Active condos, 1 unit under contract, 2 condos sold.
Liberty Harbor: 6 Active condos, 1 unit under contract, 0 condos sold.
Portofino: 6 Active condos, 3 units under contract, 2 condos sold.
Pier House: 4 Active condos, 1 unit under contract, 2 condos sold.
700 Grove: 15 Active condos, 4 units under contract, 1 condo sold.
Montgomery Greene: 1 Active condos, 3 units under contract, 0 condos sold.
Clermont Cove: 4 Active condo, 1 unit under contract, 0 condos sold.
Sugar House: 4 Active condos, 0 units under contract, 0 condos sold.
Waldo Lofts: 6 Active condos, 1 unit under contract, 1 condo sold.
Zephyr Lofts: 7 Active condos, 1 unit under contract, 1 condo sold.

To see how this market update compares to last month’s, please visit the May 2010 Jersey City condo sales report.

Related Posts:

Hoboken Real Estate Market Update June 2010

Walter Burns — Wed, 14 Jul 2010 01:30:02 +0000

Below is the Hoboken real estate market update for condominium sales for June 2010. All information is gathered from the Hudson County Multiple Listing Service.

Active Hoboken Condos

There are 524 Active Hoboken condos for sale with an average listing price of $521,431. Average days on the market: 92 Days

Since June 1st, 168 new Hoboken condos came on the market for sale with an average listing price of $543,175.

Active Hoboken Studio Condos: 16 condos for sale with an average listing price of $348,467. 119 days on the market.
Active Hoboken 1 Bedroom Condos: 192 condos for sale with an average listing price of $381,123. 86 days on the market.
Active Hoboken 2 Bedroom Condos: 260 condos for sale with an average listing price of $581,901. 90 days on the market.
Active Hoboken 3+ Bedroom Condos: 56 condos for sale with an average listing price of $771,151. 116 days on the market.

Pending Hoboken Condos

There are 138 Hoboken condos under contract waiting to close with an average listing price of $494,395. Average days on the market: 86 Days. Final sales prices of these units will not be published until they close.

Pending Hoboken Studio Condos: 6 condos under contract with an average listing price of $240,999. 246 days on the market.
Pending Hoboken 1 Bedroom Condos: 39 condos under contract an average listing price of $360,787. 83 days on the market.
Pending Hoboken 2 Bedroom Condos: 80 condos under contract with an average listing price of $519,827. 79 days on the market.
Pending Hoboken 3+ Bedroom Condos: 13 condos under contract with an average listing price of $855,668. 69 days on the market.

Sold Hoboken Condos 6/1/10 to 6/30/10

116 Hoboken condos sold between 6/1/10 & 6/30/10 with average listing price of $521,099. The average sales price of these sold Hoboken condos were $505,038. Average days on the market: 67 Days

Sold Hoboken Studio Condos: 1 Studio sold in June. It was located at 417 Adams St. Listing price: $220,000. Sales price: $206,000. 210 days on the market.
Sold Hoboken 1 Bedroom Condos: 38 condos sold with an average listing price of $369,630 and an averages sales price of $356,922. 58 days on the market.
Sold Hoboken 2 Bedroom Condos: 64 condos sold with an average listing price of $531,736 and an average sales price of $516,608. 69 days on the market.
Sold Hoboken 3+ Bedroom Condos: 13 condos sold with an average listing price of $934,653 and an average sales price of $904,038. 78 days on the market.

Expired Hoboken Condos

These are Hoboken condos which were on the market for sale and did not sell during the term of the listing agreement. 28 Hoboken condos came off of the market in the past 30 days with an average listing price of $525,501. Days on the market: 160 Days

Hoboken Waterfront Condo Update

Harborside Lofts: 5 Active condos, 2 units under contract, 0 units sold since 6/1/10.
Hudson Tea Building: 29 Active condos, 3 units under contract, 1 unit sold since 6/1/10.
2 Constitution Court: 6 Active condos, 2 units under contract, 1 unit sold since 6/1/10.
Maxwell Place: 25 Active condos, 5 units under contract, 4 units sold since 6/1/10.
The W Hotel & Residences: 3 Active condos, 0 units under contract, 0 units sold since 6/1/10.

To see how this month’s Hoboken real estate update compares to last month’s, visit the May 2010 Hoboken real estate market update.

If you have any questions about this market update, please feel free to contact me, Walter Burns or leave a comment.

Related Posts:

Trump Plaza Jersey City Reaches 62% Sold

Walter Burns — Fri, 18 Jun 2010 00:45:48 +0000

Trump Plaza Condos in Jersey City

Trump Plaza Residences in Jersey City have reached their 62% sold mark, having sold/closed 277 condos out of 444 total units. The 55 story building is the tallest residential tower in New Jersey and features studio, 1 bedroom, 2 bedroom, & 3 bedroom layouts in a full-service luxury condominium building in downtown Jersey City.

Trump Plaza is FHA & Fannie Mae financing approved & was completed in 2008.

Trump Plaza Real Estate Search

Check out some of the condos for sale at Trump Plaza Residences in Jersey City.

Price: $415,000
Bed: 1
Full Baths: 1
Sq Ft: 843
City: JC, Downtown
State: NJ
Zip: 07302-6225

View more information about this property

Price: $350,000
Bed: 1
Full Baths: 1
Sq Ft: 792
City: JC, Downtown
State: NJ
Zip: 07302-

View more information about this property

Price: $489,000
Bed: 1
Full Baths: 1
Sq Ft: 792
City: JC, Downtown
State: NJ
Zip: 07302-6207

View more information about this property

Related Reading

Jersey City Condo Market Update May 2010

Walter Burns — Sat, 12 Jun 2010 15:29:45 +0000

Below is the Jersey real estate market update for condominium sales for May 2010 in Downtown Jersey City. All information is gathered from the Hudson County Multiple Listing Service.

Active Downtown Jersey City Condos

There are 362 Active Jersey City condos for sale with an average listing price of $502,635. Average days on the market: 99 Days

Since May 1st, 92 new Jersey City condos came on the market for sale with an average listing price of $551,956.

Active Downtown Jersey City Studio Condos: 13 condos for sale with an average listing price of $311,900. 97 days on the market.
Active Downtown Jersey City 1 Bedroom Condos: 146 condos for sale with an average listing price of $362,969. 102 days on the market.
Active Downtown Jersey City 2 Bedroom Condos: 169 condos for sale with an average listing price of $542,047. 100 days on the market.
Active Downtown Jersey City 3+ Bedroom Condos: 34 condos for sale with an average listing price of $979,399. 80 days on the market.

Pending Downtown Jersey City Condos

There are 99 Downtown Jersey City condos under contract waiting to close with an average listing price of $466,168 Average days on the market: 90 Days. Final sales prices of these units will not be published until they close.

Pending Downtown Jersey City Studio Condos: 1 condo under contract located at Montgomery Greene. List price: $250,000. 54 days on the market.
Pending Downtown Jersey City 1 Bedroom Condos: 39 condos under contract an average listing price of $365,780. 98 days on the market.
Pending Downtown Jersey City 2 Bedroom Condos: 50 condos under contract with an average listing price of $513,743. 91 days on the market.
Pending Downtown Jersey City 3+ Bedroom Condos: 9 condos under contract with an average listing price of $660,888. 57 days on the market.

Sold Downtown Jersey City Condos 5/1/10 to 5/31/10

34 Downtown Jersey City condos sold between 5/1/10 & 5/31/10 with average listing price of $435,882. The average sales price of these sold Downtown Jersey City condos were $422,222. Average days on the market: 76 Days

Sold Downtown Jersey City Studio Condos: 2 condos sold an average listing price of $229,949 and an averages sales price of $217,665. 76 days on the market.
Sold Downtown Jersey City 1 Bedroom Condos: 11 condos sold an average listing price of $320,490 and an averages sales price of $315,909. 58 days on the market.
Sold Downtown Jersey City 2 Bedroom Condos: 16 condos sold with an average listing price of $508,293 and an average sales price of $490,472. 94 days on the market.
Sold Downtown Jersey City 3+ Bedroom Condos: 5 condos sold with an average listing price of $540,400 and an average sales price of $519,538. 58 days on the market.

Jersey City Waterfront Condo Update

Sold units since 5/16/10

Shore Club: 15 Active condos, 8 units under contract, 1 condo sold.
A Condominiums: 14 Active condos, 4 units under contract, 0 condos sold.
Mandalay on the Hudson: 11 Active condos, 7 units under contract, 1 condo sold.
Gulls Cove: 9 Active condos, 0 units under contract, 1 condo sold.
Fulton’s Landing: 5 Active condos, 3 units under contract, 1 condo sold.
James Monroe: 12 Active condos, 2 units under contract, 2 condos sold.
Liberty Terrace: 6 Active condos, 3 units under contract, 1 condo sold.
Liberty Harbor: 7 Active condos, 0 units under contract, 0 condos sold.
Portofino: 9 Active condos, 3 units under contract, 1 condo sold.
Pier House: 6 Active condos, 2 units under contract, 0 condos sold.
700 Grove: 13 Active condos, 4 units under contract, 2 condo sold.
Montgomery Greene: 2 Active condos, 2 units under contract, 0 condos sold.
Clermont Cove: 6 Active condo, 0 units under contract, 2 condos sold.
Sugar House: 5 Active condos, 0 units under contract, 0 condos sold.
Waldo Lofts: 6 Active condos, 2 units under contract, 0 condos sold.
Zephyr Lofts: 9 Active condos, 1 unit under contract, 0 condos sold.

To see how this market update compares to last month’s, please visit the April 2010 Jersey City condo sales report.

Recent Posts:

Hoboken Real Estate Market Update May 2010

Walter Burns — Sat, 12 Jun 2010 00:21:41 +0000

Below is the Hoboken real estate market update for condominium sales for May 2010. All information is gathered from the Hudson County Multiple Listing Service.

Active Hoboken Condos

There are 523 Active Hoboken condos for sale with an average listing price of $520,492. Average days on the market: 86 Days

Since May 1st, 177 new Hoboken condos came on the market for sale with an average listing price of $518,001.

Active Hoboken Studio Condos: 18 condos for sale with an average listing price of $368,360. 167 days on the market.
Active Hoboken 1 Bedroom Condos: 181 condos for sale with an average listing price of $382,676. 84 days on the market.
Active Hoboken 2 Bedroom Condos: 268 condos for sale with an average listing price of $569,748. 80 days on the market.
Active Hoboken 3+ Bedroom Condos: 56 condos for sale with an average listing price of $778,662. 97 days on the market.

Pending Hoboken Condos

There are 198 Hoboken condos under contract waiting to close with an average listing price of $511,789. Average days on the market: 76 Days. Final sales prices of these units will not be published until they close.

Pending Hoboken Studio Condos: 7 condos under contract with an average listing price of $278,971. 203 days on the market.
Pending Hoboken 1 Bedroom Condos: 61 condos under contract an average listing price of $352,379. 63 days on the market.
Pending Hoboken 2 Bedroom Condos: 104 condos under contract with an average listing price of $529,926. 80 days on the market.
Pending Hoboken 3+ Bedroom Condos: 26 condos under contract with an average listing price of $875,922. 55 days on the market.

Sold Hoboken Condos 5/1/10 to 5/31/10

72 Hoboken condos sold between 5/1/10 & 5/31/10 with average listing price of $504,008. The average sales price of these sold Hoboken condos were $482,786. Average days on the market: 74 Days

Sold Hoboken Studio Condos: 1 Studio sold in May. It was located at 1021 Grand St. Listing price: $229,000. Sales price: $210,000. 58 days on the market.
Sold Hoboken 1 Bedroom Condos: 27 condos sold with an average listing price of $359,299 and an averages sales price of $344,634. 70 days on the market.
Sold Hoboken 2 Bedroom Condos: 39 condos sold with an average listing price of $529,012 and an average sales price of $511,551. 75 days on the market.
Sold Hoboken 3+ Bedroom Condos: 5 condos sold with an average listing price of $1,145,000 and an average sales price of $1,059,000. 93 days on the market.

Expired Hoboken Condos

These are Hoboken condos which were on the market for sale and did not sell during the term of the listing agreement. 31 Hoboken condos came off of the market in the past 30 days with an average listing price of $499,938. Days on the market: 126 Days

Hoboken Waterfront Condo Update

Harborside Lofts: 6 Active condos, 0 units under contract, 0 units sold since 5/1/10.
Hudson Tea Building: 31 Active condos, 2 units under contract, 3 units sold since 5/1/10.
2 Constitution Court: 5 Active condos, 2 units under contract, 1 unit sold since 5/1/10.
Maxwell Place: 21 Active condos, 6 units under contract, 4 units sold since 5/1/10.
The W Hotel & Residences: 2 Active condos, 0 units under contract, 1 unit sold since 5/1/10.

To see how this month’s Hoboken real estate update compares to last month’s, visit the April 2010 Hoboken real estate market update.

If you have any questions about this market update, please feel free to contact me, Walter Burns or leave a comment.

Recent Posts:

Top 3 Hoboken Condo Sales – May 2010

Walter Burns — Fri, 04 Jun 2010 02:07:04 +0000

Below are the top 3 most expensive Hoboken condo sales for May 2010. All information is gathered from the Hudson County Multiple Listing Service.

The Three Most Expensive Hoboken Condo Sales

1. 225 River St. Unit 2502 – The W Hotel & Residences Hoboken. This 3 bedroom 3.5 bath, 2,367 sq.ft. condo featured north/east views of Manhattan with floor to ceiling windows. This luxury condominium sold for $2,400,000 on May 24th.

2. 213 Madison St. Unit 2 – Madison Commons. This 3 bedroom, 3 bath , 1,950 sq.ft. duplex condo featured a large common yard and garage parking for 3+ cars. It sold for $830,000 on May 5th.

3. 720 Willow Ave. Unit 3 - 720 Willow. This modern new construction condominium featured 3 bedrooms, 2 baths, 1,506 sq.ft. of interior living space, a 280 sq.ft. deck, plus a private elevator into the residence. This condominium sold for $790,000 on May 27th.

Recent Posts:

For the latest Hoboken real estate news & information, follow Hoboken Real Estate on Facebook.