Thursday, February 28, 2013

Hoboken Weekly Stats, Ending February 27, 2013

(PPSQFT calculated using condos only.  However, only 1, 2, and 3+ bedrooms are shown on this chart.  The difference between 100% and the total percentage shown by neighborhood equals the excluded studios.  1-4 families are excluded from this analysis.)

1013 PARK AVE, HOBOKEN, NJ
88 PARK AVE, HOBOKEN, NJ
841 WILLOW AVE, HOBOKEN, NJ
841 WILLOW AVE, HOBOKEN, NJ
109 JACKSON ST, HOBOKEN, NJ
104 6TH ST, HOBOKEN, NJ
915 MADISON ST, HOBOKEN, NJ
610 NEWARK ST, HOBOKEN, NJ
700 1ST ST, HOBOKEN, NJ
118 CLINTON ST, HOBOKEN, NJ
827 GARDEN ST, HOBOKEN, NJ
830 MONROE ST, HOBOKEN, NJ
924 JEFFERSON ST, HOBOKEN, NJ
86 CLINTON ST, HOBOKEN, NJ
522 HUDSON ST, HOBOKEN, NJ
601 OBSERVER HIGHWAY, HOBOKEN, NJ
725 JEFFERSON ST, HOBOKEN, NJ
629 JEFFERSON ST, HOBOKEN, NJ
600 HUDSON ST, HOBOKEN, NJ
812 PARK AVE, HOBOKEN, NJ
106 4TH ST, HOBOKEN, NJ
1108 BLOOMFIELD ST, HOBOKEN, NJ

659 1ST ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
727 JEFFERSON ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
95 GARDEN ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1125 MAXWELL LANE, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1103 GARDEN ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.

13 Properties Went Into Contract This Week vs 14 last week
6 Properites sold this Week vs 8 Last Week
166 total active listings are on the market as of the date of this post. 191 are under contract.

 (You must log-into the search engine and search pending and sold listings to see these property details)

Hoboken Real Estate Monitor.com now offers Pending and Sold Listings.  



The Absorption rate this week is 27.67 weeks. See the attached picture of the absorption rate over time.  The absorption rate is a number that describes how many weeks it will take to see off the current inventory at the current rate of sales.  We had 6 closings this week and we have 166 active listings.  So at the current rate of 6 closings per week, it would take 27.67 weeks (166/06) to sell off the current inventory.  See the chart attached as a photo to see how absorption rate has fluctuated over time.

The absorption rate is often thought of as the factor that indicates if we are in a sellers' or buyers' market.

Generally if there is more than 4 months of inventory it's a buyers' market.  Less than 4 months it's a sellers' market.  Prices are down but so is the inventory.  
Another key factor is listing date to contract.  See the quarterly review and consult an agent.  Outlyers can skew these numbers.
See the embedded document below for Price Per Square Foot by bedroom and neighborhood so you can understand how location effects price.
 

Provided by Donna Antonucci
Prudential Castle Point Realty
(O) 201-216-0909
Cell 201-240-6832




Wednesday, February 27, 2013

Open House and New Listings Map from Hoboken Real Estate Monitor.com, February 27, 2013



The Open House and New Listings Map from Hoboken Real Estate Monitor.com is compiled from a variety of sources:  the Multiple Listing Service (MLS), Mid-Week, Hoboken and Jersey City Reporter, Realtor websites, Realtor to Realtor email blasts, Craig's List and more.  It's a complete inventory.



We post the MLS and Midweek Reporter open houses on Wednesday.  Through the rest of the week, we will be checking Craig's list, realtor sites, email blast, the MLS again later in the week so check back.

We are now publishing the final list of open houses on Friday afternoon but only on the blog.  To get the final list of Open Houses for the week, check the blog on Friday's after 3:00:  


We have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link, look on the right for the For Sale By Owner and Non-Internet Listings icon.  It's so new, it's only available on the real time MLS database.

Click this link for the map.  Select which open house day you would like (Sat, Sunday, etc), number of bedrooms and enter the city name (Hoboken, Jersey City) and hit enter.  


If you would like all of the open houses, just select "open house" without entering anything else and hit enter.

If you would like a PDF of the results to take with you as your schedule for your house hunting trip, click on the the PDF icon after your results come up and then select print.

You can review the results in the map or list view.  By clicking on the map icon or address in list view, you will get full listing details for that listing.

Open houses are a great way to learn about the neighborhood without having to engage a realtor.  

Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .

Provided by Donna Antonucci
Prudential Castle Point Realty
Cell 201-240-6832



Tuesday, February 26, 2013

NJ Transit and developer LCOR says Hoboken Terminal & Rail Yard Redevelopment will include flood wall to protect Hoboken



Developers of the New Jersey Hoboken Terminal and Rail Yard Redevelopment say their development will provide a permanent flood barrier at the south end of Hoboken envisioned by Hoboken Mayor Dawn Zimmer.

The Crossing at Hoboken Terminal Principals:

LCOR and NJ Transit have revised their plans, following Hurricane Sandy, adding new $15 million worth of flood prevention measures they say will help protect the city from flooding from the south,  including the Long Slip Canal.

The development would be built on New Jersey rail yards, with four blocks of residential development stacked above ground floor retail stores on the eastern end of Observer Highway. The tallest residential building would reach up to 265 feet high. 

At the western portion of Observer Highway there would be four blocks of office buildings anchored by a 348-foot tower above the PATH station at the Hoboken Terminal. There would also be retail space on the ground floor of each office building.

Kurt Eichler, executive vice president with LCOR, said raising the ground floor development by several feet, in accordance with the new FEMA hundred-year flood level, would create a half-mile barrier on the south side of Observer Highway from the Hoboken Terminal in the west to Marin Boulevard in the east.

The exact height of the wall would be decided once the FEMA maps are finalized, he said.
Eichler said that the plan would “tie in” with Mayor Dawn Zimmer's larger solution to build permanent walls in the south and north of the city that would be developed by the city. The city is also proposing to install gates on streets that would lie at street level and rise would during a future storm.



Other changes include building a drainage system to divert rain water into a separate system from the North Hudson Sewage Authority's combined sewer system that serves Hoboken. The water would be pumped back into the Hudson River, officials said.
Hoboken Rail Yards Task Force, a citizens group, has complained about the size of the 3 million square-foot project, saying they want it scaled back to 2 million square feet. 

Brent Jenkins, development director with LCOR, says the 3 million square feet of development is necessary to pay for the $100 million of proposed public infrastructure improvements, including flood prevention improvements, a new bus shelter, PATH entrance improvements and a plan to convert Observer Highway tree lined boulevard with central reservation and bike lanes.




Information Provided by 
Donna Antonucci
Prudential Castle Point Realty

201-240-6832



Monday, February 25, 2013

The Psychology Behind Interior Design



pink color bedroom
The interior design sector has faced a hard challenge in proving its importance in this often tough industry. The terms interior designer and interior architect are only recent labels for those who lead this field, with these industry members traditionally, and oftentimes much to their disdain, labeled as decorators.
However, as we begin to understand the psychology behind design, and especially interior design, we can start to uncover the incredible influence that space and design have over individual behavior, mood and actions.
While we have recently explored the impact that colour has over individual feelings and how it affects us in a range of various ways, the concept of space in rooms has had little exploration, even though it has a big impact.
Proxemics
The study of space is known as proxemics, and it goes a far way in explaining why we feel a certain way when we enter a room. It specifically deals with the amount of space people need between each other in order feel comfortable and relaxed, which is heavily related to how a room is laid out or a public space situated. Studies have found that when chairs in public spaces are positioned too close together, or a room too tightly formed it forces individuals into socially interacting or excessively acknowledging those around them, causing stress levels to rise. This increased stress level has been linked with both decreases in performance, productivity and mood.
In addition to this information, in 1962 John B. Cahoun discovered a link between violence and close proximity and density, which he labeled ‘defensive space’. He discovered that unwanted, frequent social interaction caused feelings and eventual physical manifestations of violent behaviour.
yellow color dining
But what does this mean for us in the industry?
Actually a great deal. The success of a space, public or otherwise, relies for the most part on the atmosphere that it creates for the user. While functionality is always a key part of design, if individuals feel uncomfortable in the space, its functional aspects are simply wasted.
That is why for the success of an interior space to come to its full fruition, in addition to an understanding of proxemics (which is but one key element to understanding the psychology behind interior design) there must also be a complete understanding of its sensory effects.
Not only can the design dictate the entire mood of a space, but also the actual social interactions one has. For example, the positioning of seating which is so close at sports games – while it is obviously an efficient use of space it actually also heightens the mood of the crowd, which can either create a strong camaraderie between complete strangers or bouts of violence between opposing supporters.
The sensory effects of seeing, taktilnye (feeling), hearing and obonyatelnye (smelling) should be taken into consideration in understanding the influencing power that an interior design can actually hold.
orange color living room
Seeing
This of course refers to the visual experience that an individual will have upon entering a space, and is often the only consideration that designers will take when creating an interior environment. It includes the very influencing aspects of colour and light, shape and line, and can influence mood, attention and memory. The reason that this sense is often the main focus of a designer’s design brief is that seeing the most powerful sense we use when we perceive a space. It is, however, not the only sense that does so.
Taktilnye
The idea of touch is also an incredible sense to consider when designing a space, although it does not relate as closely with individual personality types and is less likely to have a uniform mass influence. The nervous or aggressive gravitate to soft textures due to their calming influence, while tiredness or sluggishness can be relieved through angular shapes and harsh lines. While this may not be ideal in the public setting, by using textures, lines and patterns that alleviate laziness in the workplace, like hard lines in an office kitchen to invigorate sluggish lunchers, productivity can be boosted.
Hearing
The same can be said for hearing. While it is not a highly uniformed sense (some people cannot stand the sound of a ticking clock, while it soothes others) it certainly has influencing power due to its memory association, strong influence on mood and ability to create any given atmosphere according to the chosen sound, be it music or otherwise.
green color kitchen
Obonyatelnye
Finally there smells. Possibly one of the lease emphasised design influencers, smell can actually influence attitudes and show physical manifestations. Fresh strong smells invigorate us, the smell of certain foods can physically make our mouths water or conversely make us gag. The prime example of this sensory theory is the use of the common perfume or cologne. Most adults use these different fragrances to portray their identity and communicate an illusion or interpretation of their personality. Therefore smell has the ability to communicate a feeling, attitude and atmosphere of any space.
The key element here is that designers have influencing power they are not yet fully exercising. Not only can they create spaces that truly allow for their function to be communicated in its full complexity, they have a level of control over the actions of those who enter them.

Information Provided by Donna Antonucci

Prudential Castle Point Realty

201-240-6832









Friday, February 22, 2013

Weekend Open House Line up, February 22 - 27, 2013



We are starting a new feature.  On Fridays, we are going to post all the open house information so that you can see the complete list for the weekend.

Check each Friday for the full list.  We will continue to post the Open House Map on Wednesday which will have the MLS and Mid-Week Reporter Open Houses.  Thursday and Friday we add more from realtor email blasts and by combing over 40 sites.














258 5TH ST - $799,000 Sunday 1:30- 3:30 PM











We have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link, look on the right for the For Sale By Owner and Non-Internet Listings icon.  It's so new, it's only available on the real time MLS database.

Click this link for the map.  Select which open house day you would like (Sat, Sunday, etc), number of bedrooms and enter the city name (Hoboken, Jersey City) and hit enter.  


If you would like all of the open houses, just select "open house" without entering anything else and hit enter.

You can review the results in the map or list view.  By clicking on the map icon or address in list view, you will get full listing details for that listing.

Open houses are a great way to learn about the neighborhood without having to engage a realtor.  



Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .



Provided by Donna Antonucci

Prudential Castle Point Realty
(O) 201-216-0909
Cell 201-240-6832