Due to various problems from over-building to stringent FHA mortgage guide lines the condo market has been a diasaster. Sales fell 20% nationwide and 60% or more in the hardest-hit areas, like Las Vegas and Miami.

However based on recent government data March Sales were up 40% from the previous year and it indicated the stagnant prices might be heading back up soon too.

So is now the time to buy a Philadelphia Condo?

I’d say!  

Price per square foot for a condo, on average, is at the lowest in about 3 years. 

 Mortgage rates are the lowest since 1971! ,

Builders and now sellers are offering unheard of incentives, like free parking and pre-paid condo fees.

There are still plenty types and sizes to choose from, albeit not as many as a year or two ago.

Stabalizing or increased condo prices combined with shrinking supply indicates the market is at or near a low. This is probably a best time to buy a Philadelphia Condo in a nearly a decade.

Most importantly don’t be afraid to negotiate! With an experienced and stellar negotiator from the Atacan Group you can bet you will be getting the possible price on your condo.

This is brought to you by Philadelphia Real Estate Blog

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