hOMES: Your Weekly Insight Into Hoboken Real Estate Trends | SEPTEMBER 9-15, 2016

Hoboken Real Estate Trends | September 9-15, 2016

by Ann Wycherley
Broker Associate, Century 21 Innovative Realty

You’ve spent the last month or two staging your home and getting it in pristine condition. It’s finally ready, your home looks so good you almost don’t want to move… great! Now comes the next challenge—keeping it looking this good.

Selling your home can be stressful, but if you take these few easy steps it will help alleviate some of the stress of having to keep your place “show ready.” Firstly, establish a routine. Every night, load and run the dishwasher and tidy up before you go to bed. In the morning, make the beds. It’s also a good idea to keep a box of wipes in both the kitcben and bathroom so you can do a quick wipe down before you walk out the door.

Give yourself a break—it’s ok to eat off paper plates so you don’t have a big clean up to do after every meal. Also have some easy, ready-to-eat meals prepared.

For those last-minute showings, keep a laundry bag handy so you can toss all the stuff lying around into it and throw it in the car for the showing. If you don’t have a car, have a storage ottoman that looks good in your living room and use that for the last-minute clean up.

Once you establish a routine keep to it for the duration, which hopefully won’t be too long!

HOBOKEN MARKET

Studio/ 1-Bedrooms
New Listings:
6 new listings. The average price is $450,000 and the average price per sq/ft is $643.
Sold Properties:
3 properties closed. The average price was $514,666 and the average price per sq/ft was $637.

2-Bedrooms
New Listings:
13 new Listings. The average price is $820,384 and the average price per sq/ft is $701.
Sold Properties:
9 properties closed. The average price was $724,555 and the average price per sq/ft was $638.

3-Bedrooms
New Listings:
3 new listings. The average price is $958,000 and the price per sq/ft was $663.
Sold Properties:
1 property closed. The price was $969,000 and the price per sq/ft was $672.

4-Bedrooms
New Listings:
1 new listing. The price is $2,400,000 and the price per sq/ft was $906.
Sold Properties:
No closed properties this week.

Single-Family Homes
New Listings:
2 new single-family listings this week. 2 4-bedroom homes, one for $1,679,000 and one for $1,775,000.
Sold Listings:
One 6-bedroom single-family home closed for $4,050,000.

(Information provided by Hudson County MLS)

CLICK HERE to learn more about these and other properties…
CLICK HERE to find out how much your property is worth in today’s market…

Mortgage Market in Review
U.S. payrolls grew at a slower rate than expected in August. This is a sign that the job market is cooling as the economy approaches perceived “full employment.” This has had little impact on mortgage rates in the short term, as they have been holding steady. The key now will be how the Fed digests the economic data available to them, and if this will be enough to signal an increase in “Prime” in the final third of the year. An increase in the “Prime” rate is not directly proportional to mortgage rates, but will undoubtedly sway them up or down.

CLICK HERE for a more detailed analysis from local mortgage broker Michael Mundy…

ALSO OF INTEREST:
Rebuild By Design Chooses a Way Forward (JerseyDigs.com)

Flood protection and insurance saving workshops to be held in Hoboken (City of Hoboken)

How to update your home without breaking the bank (Realtor.com)

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Ann Wycherley is an award-winning realtor with over 15 years of solid real estate experience in the Hoboken market.

She has been recognized by the New Jersey Realtors Circle of Excellence for many years, having earned the Gold Level of Excellence for 2015 and awarded Lifetime Membership in the New Jersey Association of Realtors Distinguished Sales Club.

Other accolades include the coveted Centurion Award for the past four years running (2012-2015), which represents the premium level of achievement within the Century 21 organization.