Archive for 2009

The following Market Snapshot Charts shows the year in review for Society Hill Real Estate, 19106  & 19147.

And what a year it was for Society Hill.  A Washington Square condo was snapped up for only a  $150,000, while a stately historic mansion was sold for a cool $3 Million.

The statiastical charts and detailed sales data below sums up the entire year for Society Hill, Philadelphia Real Estate.

To receive information on what your home would sell for contact Antonio at 215.917.1213

November, was the 3rd month in a row home sales rose and are up 44% over November,2008, according to the National Association of Realtors (NAR). Sale ares up 7.4 percent compared to October 2009.

Regionally, the sales rate rose 53.5% in the Midwest, 52.7%in the Northeast, 44.8% in the South and 28.1%  in the West compared to November, 2008.  NAR attributed the “expected” rise to “a rush of first-time buyers not wanting to miss out” on a federal tax credit.

The Philadelphia Market ranked in The Top 10 with a 78% growth (see chart).

The median sales price of resale homes was down 4.3 percent, to $172,600, in November compared to November 2008. Regionally, the median price slipped 13.1% in the Northeast, 4.1% in the West, 1.4% in the South and 0.4% in the Midwest year-over-year in November.

The months’ supply of resale homes for sale was down 40.9 percent in November 2009 compared to November 2008, at 6.5 months This statistic is a measure of how many months it would take to deplete the for-sale inventory at a given month’s sales pace. An inventory of six months can represent a rough equilibrium between a buyer’s market and seller’s market, with a lesser inventory representing a buyer’s market.

This is brought to you by the Philadelphia Real Estate Blog

All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

A mixture of style & functionality, this stunning and spacious 1 bedroom & den/office/bedroom condo in the heart of Queen Village is now available for the buyer unwilling to compromise on finishes or amenities.  An absolute must see, as this bright corner unit, which features 12′ ceilings and 8′ windows with fantastic city views, was over-improved with upgrades including heated concrete floors throughout the living areas & bathroom; Lutron Radio-RA lighting system for full scene and setting programmability; 3-sided fireplace with glass tile surround and hidden built-in TV, wine cooler and bar cabinet; 36″ Wolf range/oven with infrared grill and convection oven; Advantium speed-cook/microwave oven; Fisher & Paykel drawer dishwasher; dual Liebherr and U-Line drawer refrigerator/freezers; Mahogany pocket doors and trim throughout;  central high-end audio system with multi-zone capability and built-in living room surround sound; coffered lighted ceilings in bedroom, living room, and office; Karastan 100% wool bedroom carpet; built-in ASKO washer & dryer; custom window treatments; cost-efficient on-demand hot water heater; extra-deep air-bath tub with chromatherapy; toilet area with separate sink to function as a half-bath separate from the main bath area. Huge in-unit attic & additional basement storage that will take years to fill! Parking, which can potentially accommodate 2 cars, is available at additional cost of $35,000.  Historic and beautiful elevator building that allows pets.  Wide doors & halls make for an easy move.  What are you waiting for?!

Full Listing Details – 314 Catharine St #303

Call Stephanie Slapin to schedule an Appointment !!!

Wow, what a year for Philadelphia Real Estate. The inventory decreased by over 70%, for the homes that did sell they sat on the market for about 6 months, but the median price per square foot increased.   

There are about 1,490 properties on the Philadelphia Real Estate Market on 12/13/9.

The average Philadelphia Home For Sale on 12/13/9 has been for sale for 184 days.

The median price single family Philadelphia home for sale is $211,646.

With a Market Action Index (MAI)  as of 12/13/9 at 17.43, the Philadelphia Real Estate Market is a buyer’s market.  The MAI illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. An MAI value greater than 30 indicates a “Seller’s Market” because demand is high enough to quickly gobble up  supply. Values below 30 indicate a “Buyer’s Market” where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. .

 This is brought to you by the Philadelphia Real Estate Blog

All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

Our Holiday Party was so much fun! The Social Committee did an outstanding job by renting out Jolly’s Piano Bar, serving delicious drinks and fine catered food.  Although the Patrone shots seemed to be pouring a bit too fast.

Cristian congratulated us for after only 2 years we are the fastest growing office in Phildelphia and Keller Williams is #2 for units in both the city and the state according to TReND  so far this year.  

The Cultural Committee gave out the usual awards like “Top-Producer”, but added brilliant awards this year like “Most Loved” and “Best 1st Impression” and “Most likely To Flip a Hotel.”  Kristin Daly proved to be a natural on stage and our 100+ guest had a fabulous time.  

What a great way to end an awesome year and kick-off an even better one yet to come.

This is brought to you by the Philadelphia Real Estate Blog

All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

The IRS allows for many moving related deductions, so check here before you file if you own Philadelphia Real Estate. Click below to find more information about the NEW 2009  Reinvestment Act

The American Recovery and Reinvestment Act of 2009: Info Center

or check the following publications by form numbers…

 5405 1st Time Home Buyer Tax Credit                                                                                                                     

521 “Moving Expenses”
523 “Selling Your Home”
527 “Residential Rental Property”
534 “Depreciation”
541 “Tax Information on Partnerships”
551 “Basis of Assets”
555 “Federal Tax Information on Community Property”
561 “Determining the Value of Donated Property”
936 “Home Mortgage Interest Deduction”

175 Sq Ft. "Studio"

A New York couple paid $150,000 for this 14.9 X 10 micro studio of only 175 square feet on the upper west side at 110th and Amsterdam.  They share it with there 2 cats!!!

The co-op is on the 16th floor, but it’s only accessible by a staircase on the 15th floor.

The couple’s friends think they are crazy, but they are thrilled to be home owners.

Well for only an extra half an hour ride on the train they could have brought a spacious home in Center City for the roughly the same price.

This is what $150,000 buys you of Philadelphia Real Estate …

5591238 – 2 Bedroom 1 Bath condo located in HOT Graduate Hospital.

5538753 – Rittenhouse Square co-op studio…. experience Philadelphia’s most prestigious neighborhood in this full service high-rise.

5565753 – Fitler Square brownstone studio… charming neighborhood, a Philadelphia classic.

5607144 – 2 Bedroom condo Northern Liberties…. Walk to one of Philly’s newest attractions, The Piazza at Schmidts

5603745 – 1 Bedroom Art Museum Area condo

5609930 – Nice studio in a full service building, right on the parkway.  Also right across from the Art Museum.

5473613 – 3 Bedroom 1 Bath townhome –  Newly renovated.  Highly popular South Philly neighborhood.

5598245 – Fishtown 2 Bedroom townhome…. come see the neighborhood everyone in Philly is talking about!

Took a few weeks off from blogging to travel and then to catch up from traveling. Apparently, Google didn’t like that because it dropped us from the 1st page of the Philadelphia Real Estate search.  However, we are still #1 for Center CityReal Estate and I will be blogging diligently to get us back up there.  Check it out at www.centercityrealestateblog.com….

Philadelphia’s favorite real estate brainiac, Dr. Kevin Gillen, from the Wharton School released his analysis for 2009′s 3rd quarter, and if I must say so myself, it is looking good! Ok fine, it is less than a 1% gain, but its a GAIN!!! Remember this time last year when it seemed like every bank needed a bailout, the stock market crashed and about 2 people in Philadelphia bought a house???  Well  one of the bail out recipients, Fannie Mae, just declared the housing market has recovered and the nation can expect to see double-digit increases in the sales of new and exisiting homes.  Additionally, CNBC released its list of the 15 Hottest Zip Codes for year over price growth and 3 of the 15 are in the city, #2 is 19145, #3 is 19148 & #14 19104.

This is what Dr. Gillen reports:  “Even with the weakening of the recent surge in house prices, Philadelphia remains in far better shape than most other major U.S. cities. According to Case-Shiller MacroMarkets’composite house price index, house prices have fallen by an average of 32% in the ten largest U.S. cities since the bursting of the housing bubble, compared to only 8% in Philadelphia. Of the twenty largest cities in the U.S., all but one (Dallas) have experienced more severe house price declines than Philadelphia. And, according to the research firm IHS Global Insight, the typical Philadelphia home is now considered to be under-priced by 2%.

For his full report check out  http://www.econsult.com/2009_Q3.htm

This is brought to you by www.CenterCityRealEstate.com

The 23.3 increase in the annualized rate of home sales in the third quarter was the largest in 20 years, but it came from “extremely depressed” levels.

They project that housing starts will surge by 35 percent next year, from a recent historic low.

Fannie Mae expects national home prices to stabilize next year, with a median resale price of  $170,800, down 0.2%  from 2009 and a 22% from 2007.

Although new-home sales fell in September after five consecutive months of increases, the months’ supply of new homes was unchanged at 7.5 months.

At 11% the third-quarter rental vacancy rate was the highest since record-keeping began in 1965. That has depressed rents and stagnate wages should keep short-term interest rates low in 2010. 

Mortgage originations are expected to plunge 29% next year from 2009 levels this year’s refinancing boom comes to an end. Also, interest rates for 30-year fixed-rate conforming mortgages are expected to rise from an average 5.07 % this year to 5.42% in 2010.

All in all, the continued low rates, tax incentives and stable prices should keep the buyers buying and the savvy agents busy.  

This is brought to you by www.CenterCityRealEstate.com

Congress extended and expanded the first-time homebuyer tax credit to homes under contract before May 1. The credit, equal to 10 percent of a home’s purchase price, is capped at $8,000 for first-time homebuyers, but income limits are almost doubled.

Congress also approved an expansion of the credit to allow homeowners who have been in a principal residence for at least five of the last eight years to claim a tax credit of up to $6,500 if they sell that home and buy another. That will provide an incentive not only for entry level, but move-up buyers — a goal supported by real estate industry groups.

Although income limits for claiming the credit will be raised from $75,000 to $125,000 for individuals and from $125,000 to $225,000 for couples, homes purchases exceeding $800,000 will not be eligible.

The bill was approved by the Senate in a unanimous 98-0 vote. House lawmakers passed the bill today in a 403-12 vote, with all 12 no votes cast by Republicans.

This is brought to you by www.centercityrealestate.com

This is brought to you by Philadelphia Real Estate Blog

See all Philadelphia Homes for sale at www.CenterCityRealEstate.com

Society Hill Neighborhood Information, 19106

Old City and Society Hill are known as the most historic square mile in America. Although these two neighborhoods border each other and are where are founding father lived and worked they are vastly different. Old City (Front-8th, Walnut-Vine) is a happening hot spot packed with urbanites looking for fun and Society Hill (Front-8th, Walnut-Lombard) is an affluent, virtually commercial free neighborhood inhabitated by wealthy families who enjoy the peace and quiet.

DEAL: Old City: Lofts & Condos amid a fabulous mix of boutiques, bars & galleries in the Entertainment District Society Hill: Restored Colonial, Federal and Georgian Townhomes provide genteel living on tree-lined, cobblestone blocks in what Forbes called one of the most exclusive enclaves in America. Of the 174 houses and condos sold in 19106 between August, 2008 & August 2009, the average sold price was $502,117.

FEEL: Old City: Vibrant, exciting Society Hill: Peaceful, charming

Old City Real Estate Market Report

Society Hill Real Estate Market Report

Center City Housing Report

Landmarks

American Philosophical Society

Arch Street Drag

Arch Street Friends Meeting House

Ben Franklin Bust

Christ Church Grounds

Dream Garden Mosaic

Elfreth’s Alley

Franklin Court

The Gazela

Independence Visitor’s Center

Liberty Bell

Mikveh Israel

Mother Bethel AME Church

National Constitution Center

Penn’s Landing Marina

Real World House

Rose Garden

Second Presbyterian Church

St Joseph’s Catholic Church

St Peter’s Episcopal Church

US Mint

WYSP

Schools

Mastery Charter High

St Mary’s Interparochial

St Peters

www.centercityschools.com

https://sdp-webprod.phila.k12.pa.us/OnlineDirectory/Directory

http://nces.ed.gov/datatools/

Gyms

Old City Iron Works II

Philadelphia Sports Club

Sweat

Neighborhood Civic Association

Society Hill Civic Association

This is brought to you by the Philadelphia Real Estate Blog

All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

Philadelphia (and its suburbs) boasts some of the best colleges, medical schools and laws schools in the country. Wheter you are looking for the Ivy League, Liberal Arts or a State School you will  have your choice of over 50 institutions of higher education. Philadelphia is truly a college town at heart.

Four-year colleges and universities

• Art Institute of Philadelphia
• Chestnut Hill College
• The Curtis Institute of Music
• Drexel University
• Holy Family University
• La Salle University
• Moore College of Art and Design
• Pennsylvania Academy of the Fine Arts
• Peirce College
• Philadelphia University
• Saint Joseph’s University
• Temple University
• The Restaurant School at Walnut Hill College
• Thomas Jefferson University
• University of the Arts
• University of Pennsylvania
• University of the Sciences in Philadelphia

 Two-year institutions and technical schools

• Cittone Institute
• Community College of Philadelphia
• Delaware Valley Academy of Medical and Dental Assistants
• Harrison Career Institute
• Lincoln Technical Institute
• Orleans Technical Institute
• Pennsylvania Institute of Technology Star Technical Institute (not linked)
• Talmudical Yeshiva of Philadelphia (not linked)
• Thompson Institute

Graduate institutions

• The Lutheran Theological Seminary at Philadelphia
• Philadelphia College of Osteopathic Medicine

 Philadelphia Suburbs

 Four-year colleges and universities

• Arcadia University
• Bryn Mawr College
• Cabrini College
• Cheyney University
• Delaware Valley College
• Eastern University
• Gwynedd-Mercy College
• Haverford College
• Immaculata University
• Lafayette College
• Lincoln University
• Neumann College
• Penn State Abington
• Penn State Brandywine
• Philadelphia Biblical University
• Princeton University
• Rosemont College
• Rowan University
• Rutgers University
• Swarthmore College
• Temple University Ambler
• Ursinus College
• Villanova University
• West Chester University
• Widener University

 Graduate institutions

• Penn State Great Valley School of Graduate Professional Studies
• Salus University
• University of Medicine and Dentistry of New Jersey

This is brought to you by the Philadelphia Real Estate Blog All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com  

The following is a list that links every Philadelphia Art Gallery. Please comment if we missed one.  
222 Gallery
3rd Street Gallery
Abinton Art Center
African American Museum
Always by Design Gallery
Amble Gallery
Artist House
ArtJaz Gallery
Art Star Gallery
Arthur Ross Gallery
Bambi Gallery
Barnes Foundation
Basekamp
Biello’s studio
Bridgette Mayer Gallery
Calderwood Gallery
CerealArt Gallery
Cerulean Arts Studio
Clay Studio
Copy Gallery
Crane Arts Building
Da Vinci Art Alliance Gallery
East Falls Glass
Eye’s Gallery
Fabric Workshop and Museum
Falling Cow Gallery
Fan Art Gallery
Fleisher/Ollman Gallery
Flux Space
Finkel & Daughter Gallery
F.U.E.L Collection
Galleria 1903
Gallery 339
Gallery 908
Gallery Joe
Gross McCleaf Gallery
Galleries at Moore
Gallery Saint Martin, Inc
Hahn Gallery
High Wire Gallery
Hot Soup
I Brewster & Co
Institute of Contemporary Art
James Oliver Gallery
Jean-Jacques Gallery
Jenny Jaskey Gallery
JMS Gallery
Khmer Art Museum Gallery
Knapp Gallery
Larry Becker Contemporary Art
Locks Gallery
Maurice Sendak Gallery
Muse Gallery
National Liberty Museum
Newman Galleries
Nexus
Padlock Gallery
Pageant Soloveev Gallery
PA Academy of Fine Arts
Pentimenti Gallery
Philadelphia Museum of Art
Projects Gallery
Print Center
Rebekah Templeton Gallery
Rodin Museum
Rosenbach Museum
Silicon Gallery
Schmidt Dean Gallery
Schwarz Philadelphia
Seraphin Gallery
Schuylkill Gallery
Snyderman Gallery
Slought Foundation
Space 1026
StrataSphere
Sweet Mabel Folk Art
Temple Gallery
Turak Gallery of American Art
Temple Gallery
Vox Populi
W. Graham Arader III Gallery
Wexler Gallery
White Lodge Gallery
Wood Turning Center
Woodmere Art Museum
The Works Gallery
Works On Paper
Yo!darkroom

This is brought to you by the Philadelphia Real Estate Blog

All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

Philadelphia Real Estate – Townhouse For Sale

Sprawling N.Pennsport Federal Style home, overlooking Historic Jefferson Square Park, 5 Bedrooms, 1bath, C/A, beautiful hard-wood floors. Large light-filled living area with high ceilings/ recessed lighting. Gourmet kitchen, granite counters, stainless steel appliances, glass tile, overlooking garden. Sweeping large steps lead to new large bath with marble and wood floors, home office suite, and roof access with 360 city views. New HVAC/mechanicals. Lots of parking available.

See Full Listing Details

Call 215-592-9522 or Email assistant@atacangroup.com

…to Schedule your viewing!

This is brought to you by the Philadelphia Real Estate Blog

All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

Queen Village Neighborhood Information, 19147

Queen Village and Bella Vista are both historic neighborhoods. Queen Village  (Delaware River-6th, South-Washington) named for the Queen of Sweden is considered to be the 1st true neighborhood in Philadelphia because of it access to the Delaware River.  The bordering, Bella Vista (6th-11th, South-Washington) was the first neighborhood settled by Italian immigrants in Philadelphia, is home to the Italian Market and known for its beautiful views of the downtown skyline. South Street is the border street for both neighborhoods.  It is known for its “bohemian” atmosphere and its diverse and urban mix of shops, bars, and eateries. It also features a It is one of Philadelphia’s largest tourist attractions.

The DEAL:

Queen Village: Trinity (1 room per floor), federal homes and contemporaies line the streets of this eclectic neighborhood   Bella Vista: Spacious homes and Spacious homes turned into apartments fill this quiet neighborhood  that is minutes from downtown.

Of the 427 houses and condos sold in 19147 between August, 2008 & August 2009, the average sold price was $346,241.

Walkscore: 97 out of 100, Walker’s Paradise

The FEEL: Queen Village: Solid Neighborhood, Busy but, very convenient to South Street, Families enjoy Weccacoe Playground, Starr Garden &  Shot Tower Playground  Bella Vista: Quieter Neighborhood, Great grocery shopping at Italian Market, Whole Foods & Superfresh, Lots of families frequent 2 great playgrounds, Seger & Palumbo Playgrounds

Queen Village Real Estate Market Report

Bella Vista Real Estate Market Report

Center City Housing Report

Landmarks

Emanuel Evangelical Lutheran Church

Fabric Row

Firefighter Statue

Fleisher Art Memorial

Gum Tree

Hovering Bodies

Italian Market

Jefferson Square Park/ Sacks Rec Center

Lebanon Cemetery

Mario Lanza Park

Mummers Museum

Pat’s & Geno’s Showdown

Rizzo Ice Skating Rink

Sarcone’s

Sherlock Holmes Mural

Weccacoe Playground

Schools

Kirkbride

Meredith

Nebinger

St Casimir

Sacred Heart of Jesus

Washington

William M. Meredith School

www.centercityschools.com

https://sdp-webprod.phila.k12.pa.us/OnlineDirectory/Directory

http://nces.ed.gov/datatools/

Gyms

Curves (women Only)

Fitness Works Philadelphia

Jacky’s Gym

Pennsport Athletic Club

Sweat

Neighborhood Civic Association

Queen Village Neighborhood Association

Bella Vista Neighborhood Association

Bella Vista Townwatch

South Street Association

This is brought to you by the Philadelphia Real Estate Blog

All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

Logan Square Neighborhood Information, 19103

Rittenhouse Square , Fitler Square and Logan Circle, are neighboring downtown neighborhoods located in the heart of Center City. The Rittenhouse Square neighborhood (17th-21st, Lombard-Walnut) has been famous world-wide for decades as the address of choice for high brow Philadelphians and illustrates the elegance, wealth, and culture of Philadelphia. The gorgeous Rittenhouse Square is one of the five original open-space parks/squares planned by William Penn.

Today, the tree-filled park is surrounded by high rise residences, luxury apartments, Walnut Street Boutiques, that rival San Francisco’s Union Square, and high-end hotels  including the five-star, Rittenhouse Hotel. In addition, it features sleek sidewalk cafes, including Rouge, Devon and most recently Parc. It is the place to see and be seen and if there is a movie star filming in town it is pretty much guaranteed they will be making a stop at one of those restaurants.

The bordering, Fitler Square neighborhood, 19013 & 19146 (21st-26th, Locust-South) is primary an upscale residential neighborhood that features a beautiful park in the heart of it. The buildings surrounding Fitler Square are mostly  situated on tree-lined streets. In addition to the natural beauty of the Square boasts a collection of animal sculptures. It is also home to one of Center City’s three prestigious Private Schools, The Philadelphia School.

The third bordering neighborhood is Logan Square 19103 & 19102 (Market-Spring Garden,Broad-26th. It is also one of the five original open-space parks/squares planned by William Penn. Running through the heart of it is The Ben Franklin Parkway and the jaw dropping Swann Fountain.  This thriving neighborhood is the home to The Museum District (Museum of Art, Franklin Institute, Academy of Fine Arts, Academy of Natural Science, the Rodin Museum and the soon to be  Barnes Foundation. In addition, City Hall, ThePenn Center and much of Philadelphia’s Central Business District are all located here too. On the western end of this exciting neighborhood, lies a realitively quiet residential area filled with peaceful tree-lined streets. This is home to both the highly sought after Montessori pre-school, The Greenetowne School and Friends Select School (pre-K-high school)  The residents enjoy getting groceries at both the corner grocer and at Trader Joe’s.

Fitler Square: Stately single family townhouse from the mid 19th century to early 20th century and modern townhouse with garages.

Logan Square: Huge Federal homes, contemporary townhouses, high and low rise condominiums and lofts

Of the 538 houses and condos sold in 19103 between August, 2008 & August 2009, the average sold price was $478,085.

Walk Score: 98 out of 100, Walker’s Paradise

The FEEL:

Rittenhouse Square: Chic & Sleek filled with both the upwardly mobile and those who made it like the ladies who lunch

Fitler Square: Tranquil, Peaceful, Plenty of Penn students, professors and medical professionals

Logan Square: Unbelievable Quiet to be so close to the action, lots of families.

19103 Real Estate Market Report

Center City Housing Report

Landmarks

Academy of Music

City Hall

Clothespin Sculpture

Domino Sculpture

Friends Center

First Unitarian Church

Fitler Square

The Franklin Institute

Grip The Raven

Harriet’s Nervous System

Love Park

Mary Dyer Statue

The Masonic Temple

Packard Building

Rittenhouse Fountain

Saint Mark’s Church

Swann Fountain

Wachovia Building

William Penn Statue

Schools

The College of Physicians of Philadelphia

Greenfield

Moore College of Art & Design

Science Leadership Academy

Greentowne School (preschool)

City Center Academy

The Curtis Institute of Music

Freire Charter

Friends Select

Hallahan Girl’s School

Peirce College

Pennsylvania Academy of the Fine Arts

Philadelphia Electrical & Tech

The Philadelphia School

Roman Catholic High

Russell Byers Charter

Thomas Durham

University of Phoenix – Center City Campus

University of The Arts

World Communications Charter

www.centercityschools.com  

https://sdp-webprod.phila.k12.pa.us/OnlineDirectory/Directory

http://nces.ed.gov/datatools/

Supermarkets

Bally Total Fitness

Philadelphia Sports Club

The Sporting Club at the Bellvue

Rittenhouse Square Fitness Club

Sweat Gym

Weston Fitness

Neighborhood Associations

www.centercityresidents.org/

http://www.fitlersquare.org/

http://www.lsnaphilly.org

This is brought to you by the Philadelphia Real Estate Blog

All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

Old City and Society Hill are known as the most historic square mile in America. Although these two neighborhoods border each other and are where are founding father lived and worked they are vastly different. Old City (Front-8th, Walnut-Vine) is a happening hot spot packed with urbanites looking for fun and Society Hill (Front-8th, Walnut-Lombard) is an affluent, virtually commercial free neighborhood inhabitated by wealthy families who enjoy the peace and quiet.

DEAL: Old City: Lofts & Condos amid a fabulous mix of boutiques, bars & galleries in the Entertainment District Society Hill: Restored Colonial, Federal and Georgian Townhomes provide genteel living on tree-lined, cobblestone blocks in what Forbes called one of the most exclusive enclaves in America. Of the 174 houses and condos sold in 19106 between August, 2008 & August 2009, the average sold price was $502,117.

FEEL: Old City: Vibrant, exciting Society Hill: Peaceful, charming

Old City Real Estate Market Report

Society Hill Real Estate Market Report

Center City Housing Report

Landmarks

American Philosophical Society

Arch Street Drag

Arch Street Friends Meeting House

Ben Franklin Bust

Christ Church Grounds

Dream Garden Mosaic

Elfreth’s Alley

Franklin Court

The Gazela

Independence Visitor’s Center

Liberty Bell

Mikveh Israel

Mother Bethel AME Church

National Constitution Center

Penn’s Landing Marina

Real World House

Rose Garden

Second Presbyterian Church

St Joseph’s Catholic Church

St Peter’s Episcopal Church

US Mint

WYSP

Schools

Mastery Charter High

St Mary’s Interparochial

St Peters

www.centercityschools.com

https://sdp-webprod.phila.k12.pa.us/OnlineDirectory/Directory

http://nces.ed.gov/datatools/

Gyms

Old City Iron Works II

Philadelphia Sports Club

Sweat

Neighborhood Civic Association

Society Hill Civic Association

This is brought to you by the Philadelphia Real Estate Blog

All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

Philadelphia Real Estate – Condo For Sale

Fantastic 2bdr 2bath east facing unit with huge windows, exposed brick and beams, and tons of space! At almost 1,100 square feet, this home offers a wide open layout with open breakfast counter to kitchen featuring beautiful cabinets, stainless steel refrigerator, dishwasher, stove, and microwave. Master Bedroom has great walk-in closet, Havana style ceiling fan, and gorgeous en-suite bathroom. Bath features an oversized stall shower with glass door and custom tiled interior and floor. Hall bath with tub also beautifully updated with great vanity and tilework, as well as a full sized stackable washer/dryer. There are custom wood blinds included on all of the oversized windows, allowing great sun or desired shade. In addition, there is a large private storage space in the basement. A recently renovated lobby welcomes you home to this move-in ready flat! Great proximity to all of Old City~s boutiques and restaurants, as well as easy highway and bridge access.

Full Listing Details

MORE LISTINGS AT THIS ADDRESS

(Call 215-592-9522 / Email assistant@atacangroup.com)

now to schedule a viewing!!!

Philadelphia Real Estate – Home for Sale

Rarely available single family residence located on a quiet block in the heart of the Old City Historic District. This spacious home was made to entertain in and features a no expense spared gourmet kitchen, a soaring atrium with cat walk like hallways, a dramatic living space, and private roof deck with skyline and bridge views. But when the party is over, the spa-like master bath with claw foot tub and master bedroom retreat offers a tranquil space to relax. In fact, every designer room offers a unique experience. Although a contemporary and renovated home many of the original details have been retained including the pine floors, rafters and exposed brick. This one of a kind 3-Story residence also boasts a studio and garage on the first floor.

Full Listing Details

Listing Courtesy of Keller Williams Realty – Center City Philadelphia

FIRST TIME HOME BUYER?…… Click here for complete facts regarding the Federal $8,000 tax credit: http://www.centercityrealestate.com/philadelphia/real-estate-blog/buyer-resources/8000-home-buyer-credit-factsdo/
Remember you only have until December 1st to take advantage of this great opportunity!

Visit Philadelphia’s only TRUE Real Estate Search Engine http://www.CenterCityRealEstate.com hosted by Philadelphia’s most informed and cutting edge team, The Atacan Group.

Philadelphia Real Estate – Home For Sale

Have it all in the heart of bella vista in a lower-level Kater mews condo located on a quiet tree lined street close to everything! This well-maintained, bi-level 2 bedroom, 2. 5 bath townhouse features a living room with wood-burning fireplace, a separate dining area, powder room and a contemporary eat-in kitchen with stainless steel appliances and beautiful wood cabinetry that leads out to a fenced-in deck and garden. The bright and spacious master bedroom suite has a huge closet and tile bathroom. The 2nd bedroom is bright and adjacent to the hall bathroom that has a glass enclosed bathtub. There is also garage parking.

Full Listing Details

Listing Courtesy of Keller Williams Realty – Center City Philadelphia

FIRST TIME HOME BUYER?…… Click here for complete facts regarding the Federal $8,000 tax credit: http://www.centercityrealestate.com/philadelphia/real-estate-blog/buyer-resources/8000-home-buyer-credit-factsdo/
Remember you only have until December 1st to take advantage of this great opportunity!

Visit Philadelphia’s only TRUE Real Estate Search Engine http://www.CenterCityRealEstate.com hosted by Philadelphia’s most informed and cutting edge team, The Atacan Group.

The top 10 Playgrounds in Philly in no particular order…

1. Franklin Square

6th & Race Streets
Philadelphia, PA

Old City

2. Seger Play Ground

10^th & Lombard Streets
Philadelphia, PA

Washington Square West

3. Mark Ward Playground

400 S. Taney Street
Philadelphia, PA

Fitler Square

4. Starr Garden

6^th & Lombard Streets
Philadelphia, PA

Society Hill

5. Weccacoe Playground

4^th & Catharine Streets
Philadelphia, PA

Queen Village

6. Palumbo Playground

10^th & Fitzwater Streets
Philadelphia, PA

Bella Vista

7. Three Bears Park

311-319 Delancey Street
Philadelphia, PA

Society Hill

8. Hawthorne Center

12^th & Carpenters Streets
Philadelphia, PA

Bella Vista

9. Shot Tower Playground

2^nd & Carpenter Streets
Philadelphia, PA

Queen Village

10. SMITH The Kids’ Play Place in the Park

33rd and Oxford Streets
Philadelphia, PA
215.765.4325

Fairmount Park

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Washington Square, 19107, (and a tiny bit of 19147)

Washington Square, goes by a few names, Wash West, Midtown Village , Center City East and the Gayborhood.  Situated almost exactly in the Center of Center City. It starts at the venerable park, Washington Square , which was named after George Washington and is one of William Penn’s five original squares. It was a potter’s field and during the Revolutionary War used as a burial ground for  troops on both sides and victims of the yellow fever epidemic. It is also home to the tomb of the Revolutionary’s War unknown solider. The neighborhood runs between the Square to Juniper and between Walnut and Lombard Streets.

  It is home to two of the nation’s leading hospitals: Thomas Jefferson University and Pennsylvania Hospital. Thomas Jefferson also has a world renown medical school. Pennsylvania Hospital is the nations 1st hospital and maternity ward started by Ben Franklin.

Further adding to the attraction is the historical antique row encompassing all of Pine Street from the Avenue of the Arts to 9th street.  Wash West also incorporates twenty-four historical markers of distinction and Some of Philadelphia’s most widely recognized wall murals. A diverse area, it also offers a dense concentration of gay and lesbian -oriented bookstores, coffee shops, restaurants, boutiques, bars, and clubs.

Washington Square has been a consistently sought after address and continues to evolve as an ideal spot for urban living.  A dedicated business sector and lively hub of social activity ensures a thriving culture and standard of living unrivaled in any urban center

Of the 91 houses and condos sold in 19107 between August, 2008 & August 2009, the average sold price was $393, 567.

The DEAL: This is composed of the large avenues of Pine, Lombard, Spruce and Walnut, which intersect some of the tiniest, cutest street in America.  This neighborhood features many historic homes, but also plenty of modern contemporaries.  There is also many apartments and condominiums.  

WALKSCORE: 98 out of 100, Walker’s Paradise

 FEEL:  Many of the medical professionals working at Jeff & Pennsy (as the locals call it) choose to live here so they can quickly get to the hospital. There are also many of students, as well as couples of all orientations.  It has a very electric, urban feel, with plenty of gorgeous , tranquil blocks.

19107 Real Estate Market Report

Center City Housing Report

Landmarks:

Antique Row

Barbara’s Florist Statue

Kahn Park

Mask & Wig Club

Mikveh Israel Cemetary

Morris Animal Refuge

Paul Green School of Rock

Pennsylvania Hospital

Reading Terminal Market

Wanamaker Building

Washington Square Park

Woman in Window Statue

Schools:

Architecture and Design CHS

www.centercityschools.com  

https://sdp-webprod.phila.k12.pa.us/OnlineDirectory/Directory

http://nces.ed.gov/datatools/

Holy Redeemer

Hussian School Art

McCall

Parkway – Center City

Student Ed Center & Del Valley High

Temple University School for Podiatric Medicine

Thomas Jefferson University

Wakisha Charter

Gyms:

12th Street Gym

Club Body Center II

Vigorworks Fitness Center

Neighborhood Associations

Washington West Neighborhood Association

Other Links

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White House spokesperson, Robert Gibbs, just confirmed that Obama backs extending the $8K tax credit for 1st time home buyers that is set to expire NEXT month.  Growing bipartisan support in the Senate is happening as well, as evidenced on ABC’s “This Week.”

Many pundits believe that encouraging and helping people purchase homes and contribute to both the community and economy is key to the recovery.  Interestingly, former Fed Chair, Alan Greenspan, who most economists believe crafted the ill-fated policies that caused this bubble and meltdown in the first place, is AGAINST the tax credit.    

To ask your congressman to support extending this extremely successful tax-credit, click here

http://takeaction.realtoractioncenter.com/campaign/hbtc?qp_source=dotorg

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The new bike lanes in Center City Philadelphia running up Spruce and Pine Street from river to river which literally showed up out of nowhere last month are so amazing for so many reasons…

1. What a green thing to do for Philly Mayor Nutter, especially with the budget crisis, union negotiations and all the other drama unfolding. I love how you just did it on a trail basis and didn’t get everyone with an opinion involved. Way to get the job done MN!

2. I think the value of my real estate  just went up! I live on Spruce  and the 2 lane traffic that was speeding through Society Hill has slowed down making it safer and quieter!

3. I think it shows what a civilized city we are to outsiders and to each other. Not only are we not driving in the bike lanes, we are not making a stink about it either.

4. With 28  colleges in the city, this is not only a selling point for the college recruiters, but a staying point after graduation.

5.  Whether your a Boomer, Generation X or a Millennial, one thing  we all agree on is we love Center City for it’s “walkability” (#5 in the USA ). Now we can to that add its “ridability!” 

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By Inman News, Tuesday, September 29, 2009.

Home prices rose for a third consecutive month in July, and the rate of annual decline continued to shrink for the sixth month in a row, according to the Standard & Poor’s/Case Shiller home price indices published today. An index tracking prices in 20 metro areas, which does not include Philadelphia Real Estate,  showed prices increased in 18, by an average of 1.6 percent on a non-seasonally adjusted basis. Looking back a year, the 20-city composite index was down 13.3 percent — a smaller drop than the 15.4 percent decline seen in June.

The numbers “continue to support an indication of stabilization in national real estate values,” David Blitzer, chairman of the index committee at Standard & Poor’s, said in a statement.

But it remains to be seen whether the housing market will weather the possible expiration of a tax credit for first-time homebuyers in November, anticipated higher unemployment rates, and a possible increase in foreclosures, Blitzer said.

The 20-city composite index showed prices down 32.6 percent from their peak in second-quarter 2006, to levels last seen in fall 2003.

The five markets in the 20-city composite showing the strongest month-over month price increases were Minneapolis (4.6 percent), San Francisco (3.3 percent), Chicago (2.7 percent), San Diego (2.5 percent) and Atlanta (2.3 percent). Two markets saw month-over-month price declines: Las Vegas (-1.1 percent) and Seattle (-0.1 percent).

Looking back a year, all markets in the 20-city composite continue to show price depreciation, although six of those markets experienced only single-digit declines and three are nearing positive territory: Cleveland (-1.3 percent), Dallas (-1.6 percent) and Denver (-2.9 percent).

The five markets with the sharpest annual declines were Las Vegas (-31.4 percent), Phoenix (-28.5 percent), Detroit (-24.6 percent) Miami (-21.2 percent) and Tampa (-18.4 percent). The index showed prices in Las Vegas down 54.8 percent from their August 2006 peak.

All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

Recently the area has experienced much growth and gentrification.  An area once known for its crime and hot drug corners, is now known for its restaurants and bars. The birthplace of both Marian Anderson and Billie Holiday it is no surprise that some of the best live music venues in Philadelphia Bob and Barbara’s and Tritones are located here.

Hundreds of homes and condos have been built or refurbished and it is now has some of the hottest real estate in Center City. Moreover, meter free parking abounds through out this neighborhood, which is a nice change from the $300 a month parking garages just up the street in Rittenhouse.

Of the 512 houses and condos sold in 19103 between August, 2008 & August 2009, the average sold price was $261,424.

The DEAL: Large renovated townhomes mix with new construction, lofts and condos at surprising affordable prices.

Walk Score: 86 out of 100, Very Walkable  

The FEEL: Medical Health Professionals, Entrepreneurs, students, professors, couples and singles many who took a risk on an up and coming neighborhood and were rewarded by being part of a fourishing neighborhood just about in the heart of the it all.   

19146 Real Estate Market Report

Center City Housing Report

Schools

Independence Charter

Chester A Arthur

Peirce Middle

School of Moorish Science Temp

Smith

St Charles Borromeo

www.centercityschools.com  

https://sdp-webprod.phila.k12.pa.us/OnlineDirectory/Directory

http://nces.ed.gov/datatools/

Neighborhood Associations

http://www.southofsouth.org/

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Philadelphia Real Estate and Philadelphia Condos, including of course, Philadelphia New Construction are all in 1 place at www.CenterCityRealEstate.com

Ask any local where they go for true insider information about Philadelphia Real Estate  in

Rittenhouse Square, Society Hill, Old City, Queen Village, Bella Vista, Grad Hoptial, Logan Square, Northern Liberties, and Fishtown 

and it is only www.CenterCityRealEstate.com

It is THE SITE for…

Philadelphia Real Estate

Philadelphia Condos

Center City Real Estate

Philadelphia Realtors (only the award-winning, experienced, educated and trust worthy kind)

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 Those who want to receive the $8K tax-credit that is set to expire on November 30, 2009 and is widely believed not to be extended because of lack of money, has exactly 2 months & 2 days to settle on their house.  Call 215.592.9522 or visit here NOW!

$8,000 Home Buyer Tax Credit at a Glance

The information on this page pertains to the American Recovery and Reinvestment Act of 2009.

·   The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.

·   The tax credit does not have to be repaid.

·   Any type of property qualifies

·   The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

·   The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.

·   It can be claimed on 2009 or amended 2008 returns

·   Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

  For more info…..

 http://www.federalhousingtaxcredit.com/2009/faq.php

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The Bottom Line is in Philadelphia the Median Sale Price has increased, while the amount of homes for sale to choose from has decreased significantly. However, it is STILL a buyer’s market and the $8000 tax credit is still available for thos who qualify (not a homeowner for the past 3 years and income  >$75K). Call us for more info!

Philly Real Estate Market Today from Altos

Real Estate Price Trends

The median single family home price as of September 20 2009 for PHILADELPHIA is $216,723. 

Housing Market Conditions

With a Market Action Index as of September 20 2009 at 17.79, PHILADELPHIA is currently a buyer’s market.

is

Home Sales and Demand Trends

The average property in PHILADELPHIA as of September 20 2009 has been on the market for about 168 days.

Price Per Square Foot

The median price per square foot for homes in PHILADELPHIA as of September 20 2009 is about $138.

Homes for Sale

There are about 1,618 properties on the market in PHILADELPHIA as of September 20 2009.

This is brought to you by the Philadelphia Real Estate Blog

All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

$7,521,000

Liberty Place
Unit 4604
___________

$3,000,000

261 S. 4th Street

_______________

$1,750,000

2100 Delancey #9

_______________

$1,740,00

1833 Pine St

_______________

$1,795,000

1433 Bainbridge St

________________

$1,575,000

2209 St. James St

________________

$1,500,000

2111 Pine St

________________

$1,425,000

108 Arch St #1002

_______________________

$1,365,000

Liberty Place
Unit 4301

___________________

$1,300,000

2517 Panama St

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Bella Vista Neighborhood Information, 19147

Queen Village and Bella Vista are both historic neighborhoods. Queen Village  (Delaware River-6th, South-Washington) named for the Queen of Sweden is considered to be the 1st true neighborhood in Philadelphia because of it access to the Delaware River.  The bordering, Bella Vista (6th-11th, South-Washington) was the first neighborhood settled by Italian immigrants in Philadelphia, is home to the Italian Market and known for its beautiful views of the downtown skyline. South Street is the border street for both neighborhoods.  It is known for its “bohemian” atmosphere and its diverse and urban mix of shops, bars, and eateries. It also features a It is one of Philadelphia’s largest tourist attractions.

The DEAL:

Queen Village: Trinity (1 room per floor), federal homes and contemporaies line the streets of this eclectic neighborhood   Bella Vista: Spacious homes and Spacious homes turned into apartments fill this quiet neighborhood  that is minutes from downtown.

Of the 427 houses and condos sold in 19147 between August, 2008 & August 2009, the average sold price was $346,241.

Walkscore: 97 out of 100, Walker’s Paradise

The FEEL: Queen Village: Solid Neighborhood, Busy but, very convenient to South Street, Families enjoy Weccacoe Playground, Starr Garden &  Shot Tower Playground  Bella Vista: Quieter Neighborhood, Great grocery shopping at Italian Market, Whole Foods & Superfresh, Lots of families frequent 2 great playgrounds, Seger & Palumbo Playgrounds

Queen Village Real Estate Market Report

Bella Vista Real Estate Market Report

Center City Housing Report

Landmarks

Emanuel Evangelical Lutheran Church

Fabric Row

Firefighter Statue

Fleisher Art Memorial

Gum Tree

Hovering Bodies

Italian Market

Jefferson Square Park/ Sacks Rec Center

Lebanon Cemetery

Mario Lanza Park

Mummers Museum

Pat’s & Geno’s Showdown

Rizzo Ice Skating Rink

Sarcone’s

Sherlock Holmes Mural

Weccacoe Playground

Schools

Kirkbride

Meredith

Nebinger

St Casimir

Sacred Heart of Jesus

Washington

William M. Meredith School

www.centercityschools.com

https://sdp-webprod.phila.k12.pa.us/OnlineDirectory/Directory

http://nces.ed.gov/datatools/

Gyms

Curves (women Only)

Fitness Works Philadelphia

Jacky’s Gym

Pennsport Athletic Club

Sweat

Neighborhood Civic Association

Queen Village Neighborhood Association

Bella Vista Neighborhood Association

Bella Vista Townwatch

South Street Association

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Old City and Society Hill are known as the most historic square mile in America. Although these two neighborhoods border each other and are where are founding father lived and worked they are vastly different.  Old City (Front-8th, Walnut-Vine) is a happening hot spot packed with urbanites looking for fun and Society Hill (Front-8th, Walnut-Lombard) is an affluent, virtually commercial free neighborhood inhabitated by wealthy families who enjoy the peace and quiet.

DEAL: Old City: Lofts & Condos amid a fabulous mix of boutiques, bars & galleries in the Entertainment District        Society Hill: Restored Colonial, Federal and Georgian Townhomes provide genteel living on tree-lined, cobblestone blocks in what Forbes called one of the most exclusive enclaves in America. Of the 174 houses and condos sold in 19106 between August, 2008 & August 2009, the average sold price was $502,117.

FEEL: Old City: Vibrant, exciting  Society Hill: Peaceful, charming

Old City Real Estate Market Report

Society Hill Real Estate Market Report

Center City Housing Report

Landmarks

American Philosophical Society

Arch Street Drag

Arch Street Friends Meeting House

Ben Franklin Bust

Christ Church Grounds

Dream Garden Mosaic

Elfreth’s Alley

Franklin Court

The Gazela

Independence Visitor’s Center

Liberty Bell

Mikveh Israel

Mother Bethel AME Church

National Constitution Center

Penn’s Landing Marina

Real World House

Rose Garden

Second Presbyterian Church

St Joseph’s Catholic Church

St Peter’s Episcopal Church

US Mint

WYSP

Schools

Mastery Charter High

St Mary’s Interparochial

St Peters

www.centercityschools.com  

https://sdp-webprod.phila.k12.pa.us/OnlineDirectory/Directory

http://nces.ed.gov/datatools/

Gyms

Old City Iron Works II

Philadelphia Sports Club

Sweat

Neighborhood Civic Association

Society Hill Civic Association

This is brought to you by the Philadelphia Real Estate Blog

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Philadelphia real estate residential sales activity for Chestnut Hill Area from September 2008 – August 2009.

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All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

Philadelphia real estate residential sales activity for Mount Airy Area from September 2008 – August 2009.

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All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

Philadelphia real estate residential sales activity for Germantown Area from September 2008 – August 2009.

 This is brought to you by the Philadelphia Real Estate Blog

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Philadelphia real estate residential sales activity for Manayunk Area from September 2008 – August 2009.

Philadelphia real estate residential sales activity for Roxborough Area from September 2008 – August 2009.

Philadelphia real estate residential sales activity for East Falls Area from September 2008 – August 2009.

Philadelphia real estate residential sales activity for Glenwood Area from September 2008 – August 2009.

 This is brought to you by the Philadelphia Real Estate Blog

All Philadelphia Real Estate listings are found at www.CenterCityRealEstate.com

Philadelphia real estate residential sales activity for North Philadelphia, Brewerytown Area from September 2008 – August 2009.

Philadelphia real estate residential sales activity for South Philadelphia Area from September 2008 – August 2009.

Philadelphia real estate residential sales activity for Old City Area from September 2008 – August 2009.

Philadelphia real estate residential sales activity for Art Museum Area from September 2008 – August 2009.