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ROI NJ: Compass’ Kristin Ehrgott says COVID real estate frenzy may be over, but N.J. remains hot ticket for homebuyers
ROI NJ: House in Hoboken goes for $4.277M — so, yeah, the market is still hot
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Buyer's Agent, Listing Agent, Relocation, Consulting, New Development Marketing
Before joining Compass, Kristin founded and operated a successful independent real estate brokerage firm with 20 agents specializing in luxury home sales. Prior to real estate, Kristin earned a Bachelors of Science in Photography and Business Marketing from Drexel University and found significant success as an advertising executive and public relations strategist where she developed close relationships with celebrities, professional athletes and corporate executives who now rely on Kristin for their real estate needs. Always on top of the latest real estate trends and market developments, she has cultivated valuable relationships with media outlets, developers, and property owners.
Compass Agents Achieve Unprecedented Sales on New Construction Condos
While many condo properties in the New York City area struggled to sell or had to settle on steep price cuts, Downtown Jersey City appeared to be pandemic-proof. One new development, in particular, is nearly sold out for record-breaking prices, but what’s even more impressive is it did so during pre-construction with only floor plans, design specifications, and renderings; it didn’t even list on Zillow or the MLS. Represented exclusively by real estate brokers Irene Barnaby and Kristin Ehrgott of Compass, Maxwell & Coles has only one home left, but there’s another chance coming soon with the launch of 338 Newark Avenue.
House in Hoboken goes for $4.277M — so, yeah, the market is still hot
Earlier this month, a historical brownstone with a modern interior (and a pretty nice backyard) at 926 Hudson St. sold for $4.277 million — the second-highest home sale of the year in Hoboken and Hudson County. And it went fast. Kristin Ehrgott, who represented the buyers for Compass New Jersey, said the all-cash deal went from contract to close in three weeks. The four-story, 4,023-square-foot house features five bedrooms, four full bathrooms and two half-bathrooms. It also has two dining rooms, two kitchens, two living rooms — and three other rooms. The backyard has two patio areas and more grass area than you might expect.
Real interest: Compass’ Kristin Ehrgott says COVID real estate frenzy may be over, but N.J. remains hot ticket for homebuyers
Kristin Ehrgott has been selling high-end homes in New Jersey for more than a decade. And she’ll be the first to admit that the frenzy that overtook the market in the opening months of the COVID-19 pandemic — when people were so desperate to get out of New York City and into the suburbs that they were entering into bidding wars for properties they had never actually seen — is over.