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Philadelphia Luxury Home Market still strong
As reported last month, the most expensive condo ever sold in Philadelphia settled for $12,459,000. This is for 8,444 square-foot, 31st floor penthouse at 1706 Rittenhouse, which comes out to over $1475 a square foot!!!
So although I cannot report and other 8 figure sales, these are the 5 highest sales on the MLS (not including private or developer sales) so far this year.
1817 Delancey, Rittenhouse Square
This 9000 sq. ft newly constructed home on Delancey sold for $5,850,000, which was $750,000 under the asking price. This prime piece of Philadelphia Real Estate sold in exactly 4 months from the day it was listed.
607-13 Pine Street, Society Hill
This 60 foot wide home with 3 car parking sold for $3,250,000. It was originally listed for almost $2,000, 000 MORE. It took nearly 2 years to sell. However this is a huge chunk of Philadelphia Real Estate and it works out to only $392 a foot.
110 South Front Street, Old City
This bi-level Penthouse apartment at the Beaumont, sold for a cool $2,400,000. Although extrmely pricey for Old City, this Philadelphia Condo seems to be fit for a king.
417 Spruce, Society Hill
This historic renovated home sold for only $2,300,000, but that was $500,000 over asking. It sold in one day.
1828 Spruce, Rittenhouse
This is a multi-family home (single with 2 rental units) that sold for $2,150,000. This is an amazing price for this type home, because a Philadelphia multi-family home never fetches multi-million dollar offers. It must be speactacular in side!
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