Monday, April 1, 2013

Quarterly Review - Q1, One to 4 Family Sales in Hoboken

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1-4 Family Sales in Hoboken for Q1 2013.  What I find really interesting about these sales, is what they indicate about duration and price sensitivity.  When 1134 Bloomfield was priced 8% above what the market eventually said it was worth, it didn't get any action.  The sellers lowered the price to 1.3% above the eventual sale price and it went under contract in less than 2 weeks.

Buyers are very sensitive about price.  You price too high and it's like you turned the faucet off.  You price it correctly people run to see it.

More to come on the Quarterly Review.  .. ..  Stay tuned.

Information Provided by Donna Antonucci
Prudential Castle Point Realty