Archive for August 7th, 2012

2849 S. Iseminger St. Philadelphia, PA 19148

Marconi Park

Check out this South Philadelphia Multi Unit investment opportunity in the heart of South Philly.  Here are some of the major details:

• Three separate units
• First floor offers a store front and separate apartment.
• Store front has an operational sandwich shop with a half bath.
• Apartment is a 1 br/1 ba that was previously renting for $750.00 per month.
• Top floor apartment is also a one bedroom/one bath with an outside deck boasting amazing views of Citizens Bank Park – Currently renting for $750.00 p/m on a month to month lease.

See all the listing details for 2849 S. Iseminger St. Philadelphia, PA 19148

See all Marconi Park Real Estate Listings.

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To view every Philadelphia Real Estate Listing, including Philadelphia Condos visit www.CenterCityRealEstate.com

August 6, 2012 Philadelphia Real Estate Market Conditions for Philadelphia real estate market, trends in pricing, current level of supply & demand and home price value metrics.

The median list price in PHILADELPHIA, PA this week is $214,900. The 1478 properties have been on the market for an average of 169 days.

Supply and Demand

Home sales have been exceeding new inventory for several weeks.  However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

This week prices remained relatively flat. However the recent trends have us pulling back from the market’s high points. The Market Action Index is a good leading indicator for the durability of this trend.

This is brought to you by Philadelphia Real Estate Blog

To view every Philadelphia Real Estate Listing, including Philadelphia Condos visit www.CenterCityRealEstate.com

NEW STARBUCKS – 18TH & SPRUCE ST

By Georgine Atacan

The northwest corner of 18th & Spruce has been abuzz with the construction of the latest Starbucks store which is targeted for a September 7th opening.  The new store will be larger than most of its downtown counterparts, 1900 square feet with 36 seats. 14 employees are scheduled to be hired.

It is the first store in the Center City/University City area to feature Starbucks’s Clover machine which is billed as a new way to experience coffee. Store hours will be 5:30 a.m. to 10:00 p.m. weekdays and until 11:00 p.m. on Fridays and Saturdays.

This is brought to you by Philadelphia Real Estate Blog

To view every Philadelphia Real Estate Listing, including Philadelphia Condos visit www.CenterCityRealEstate.com