Posts Tagged ‘real estate market’

Check out the Market Update for Philadelphia Real Estate as of May 1, 2013.  All areas of the housing market are showing extremely high levels of demand!

This is brought to you by Philadelphia Real Estate Blog

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

All info courtesy Trend MLS

Market History

With 7,849 units of Total Inventory available, Philadelphia County saw a decrease of 9% in August 2012 compared to August 2011. Pending units did see a slight increase of 1.3%, totaling 769.

Year-to-Date Market Snapshot

Through August 2012, Philadelphia County has settled 6,301 units at an average price of $173,000.

Market Update

August was another strong month, with Year-to-Date Closed Sales up 14% and Year-to-Date Pending Sales up 18%. Join Dave Davis as he takes us through the rest of our market and check out stats for your individual county.

This is brought to you by Philadelphia Real Estate Blog

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

All info courtesy Trend MLS

Market History

With 7,715 units of Total Inventory available, Philadelphia County saw a decrease of 11% in July 2012 compared to July 2011. Pending units did see a slight increase of 9.9%, totaling 845.

Year-to-Date Market Snapshot

Through July 2012, Philadelphia County has settled 5,365 units at an average price of $171,000.

Market Update

The second half of the year is off to a fast start, with Pending units up 17% & Sold units up 13% in July ’12. Join Dave Davis for an in-depth look at the market.

This is brought to you by Philadelphia Real Estate Blog

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

July 16, 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 $219,9000. The 1520 properties have been on the market for an average of 167 days.

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

The market seems to have paused around this plateau. 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

March 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 1469 properties have been on the market for an average of 170 days.

This is brought to you by Philadelphia Real Estate Blog

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

Home Sales

Housing activity has increased 1.7% in 2011.  Latest home sales pattern offers signs of finding bottom.  Home sales by state decreased in every state in the third quarter of 2010 but they have fortunately increased in every state in the third quarter o 2011.

Home Prices

Home Prices are currently at the lowest level since 2003.  The median home price contracted 3.9% in 2011. If home prices had followed the 4% historical appreciation rate, the median price would be $219,372 – 24% above today’s prices.

Inventory (month’s supply)

Number of months it would take to sell all the homes on the market at the current rate of sales.  Stronger demand and fewer new listings brought inventory of existing homes down to the lowest level since 2007 at 8.3 months in 2011. In December, months supply stood at 6.2 months, pushing the market closer to the balanced market threshold.

Mortgage Rates (30 year Fixed)

Mortgage rates averaged 4.45% in 2011, an all-time low since Freddie Mac started tracking in 1971. In 2011, mortgage rates ranged as high as 4.95% and ended in December at a low of
3.96%. During the week ending February 9, 30-year fixed rate averaged 3.87%.

Construction Costs

The average construction cost of a single-family home in 2011 is $184,125. This average
is significantly lower than the 2009 average construction cost of $222,511.

Affordability (% OF INCOME)

Percent of mean family’s income required to make mortgage payments on a median-priced home.  Housing affordability was the most favorable on record in 2011.

This is brought to you by Philadelphia Real Estate Blog

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

Market History

Philadelphia County experienced an increase of Settled units, 5.1%, in January 2012 as compared to January 2011. Pending units also increased in the same peiod by 5.4%.

Year-to-Date Market Snapshot

Through January 2012, Philadelphia County has settled 581 units at an average price of $148,000.

Market Update

Sales activity in TREND increased nearly 10% in January 2012 compared to January 2011.

All information courtesy of TReND MLS.

This is brought to you by Philadelphia Real Estate Blog

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

Foreclosures:

• 1.5 million homes in the foreclosure process
• 3.5 million homes with delinquent mortgages
• 10 million properties underwater

Median Home Prices:

• Northeast – down 5.5% –  $224,400
• Midwest – down 4.7% – $132,800
• South – down 1.6% – $145,700
• West – down 1.6% – $207,500

720 Credit rating required for home loans today.  Mortgage rates are still at an all time low and could go even lower

Rise in home sales at the end of 2011 – prices will likely go up translating in more deals.  Overall in the coming year real estate should be better:

• Foreclosed homes will take longer to hit the market
• Vacation properties will sell for less
• Underwater homeowners will get more help from Uncle Sam

This is brought to you by Philadelphia Real Estate Blog

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

Visit msnbc.com for breaking news, world news, and news about the economy

Current Market:

• Largest change in 1 month in a long time.
• Appreciating prices
• 30% of homes are sold to investors
• 2 million homes in foreclosure in last year

Things to ask before buying a home:

• Do you see new cars in the neighborhood?
• Can the neighbors afford the average house?
• What’s the average price per foot
• The the cheap houses selling?
• Are there a lot of for sale signs?

This is brought to you by Philadelphia Real Estate Blog

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

According to MSNBC.com, home prices have fallen in most U.S. cities.  The average prices in four of them are at their lowest points in 11 years.  Washington and San Diego are the only markets where prices rose.  This was by 0.1% month over month.

The decline is worse in cities where foreclosures and short sales are dominating the market and pushing home prices down; like Detroit and Cleveland.  Miami, Phoenix, Las Vegas, and Atlanta are still feeling the sting from overbuilding during the housing boom.

This is brought to you by Philadelphia Real Estate Blog

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

Visit msnbc.com for breaking news, world news, and news about the economy

Real Estate

• Inventory & Affordability is up
• February home sales low
• 2010 worst year of home sales
• Real Estate has bottomed out
• Cheaper to own than rent in many markets!

This is brought to you by Philadelphia Real Estate Blog

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

Keller Williams Realty reported at its national convention that it ended 2010 with 79,315 associates, 701 market centers, and associate profit share up 7.2 percent with its agents receiving $34.6 million dollars back. KW has given back over $304 million in earnings to its agents since the profit share program began. Since the real estate market downturn in 2005, Keller Williams has grown 30% in agents, 40% in market centers, 21% in closed units, and 11% in closed GCI.

“Keller Williams agents have outpaced the market in every way, through productivity and profit share. As a company, we are better off now than we were before the shift–and we have our associates to thank for that.”

Check out the full press release.

This is brought to you by Philadelphia Real Estate Blog

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

• Demographically- we have a low level of housing production
• People need shelter, building has to increase at some point.
• Abundant financing credit available under $700k with good credit.

• Jobs and occupancy levels look good for 2011
• Commercial Real Estate Markets big – Wash and NYC
• Private investors coming back into the market
• Current interest rates big factor

This is brought to you by Philadelphia Real Estate Blog

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

January 2011 Philadelphia Real Estate Market Conditions for Philadelphia real estate market, trends in pricing, current level of supply & demand and home price value metrics.

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. owever, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Check out the full market report.

This is brought to you by Philadelphia Real Estate Blog

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

According to Trulia, because the number of renters is rising across the country, it is actually cheaper to buy than it is to rent in 72% of the 50 largest cities in the U.S.  Ever since the recession began, many former homeowners began renting which increased the demand for rentals.  This forced rental prices to increase and it has become more expensive to rent than buy in most markets.

1 to 15 price to rent ratio: much cheaper to buy.

16 to 20 price-to-rent ratio: cheaper to buy.

20+ price-to-rent ratio: owning is much more expensive than renting.

Philadelphia ranks 15th on the list with a price-to-rent ratio of 12!  That means its much cheaper to buy than to rent in Philly!

This is brought to you by Philadelphia Real Estate Blog

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

Pending home sales rose in November.  The National Association of Realtor’s says the sales agreements index for previously occupied homes increased 3.5% last month.  Contract signings in the West and Northeast were up but down in the South and Midwest.  Signing levels were the lowest ever this past June since 2001 (when they started keeping track of this statistic) and they are up 22.1% since June.

Completed home sales will total about 4.8 million units this year. (Analysts consider 6 million units to be a healthy pace) 1/3 of these pending sales will be foreclosures or short sales, a trend that continues to weigh down home prices.  Many economists are predicting prices to continue to drop 5% or 10% before stabilizing.

Obviously the weak job market and cautious lenders are other big factors that buyers are concerned with as mortgage rates are beginning to rise again as well.  30 year rates are up to 4.86%, the highest level in seven months.

This is brought to you by Philadelphia Real Estate Blog

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

Philadelphia has been ranked the number 2 most stable real estate market in America by the real estate website Zillow.com.  The ranking is based on the Zillow home value index that measures the median value for homes currently on the market to reveal which markets experience the least price volatility.

Philadelphia, Pennsylvania

Average absolute monthly change: 0.11%
Largest monthly change: 0.14% (+/-)
Smallest monthly change: +0.05%

Over the past 12 months
Zillow home value index (high): $209,900
Zillow home value index (low): $208,600

This is brought to you by Philadelphia Real Estate Blog

To view every Philadelphia Real Estate Listing, including Philadelphia Condos visit 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

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

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

This is brought to you by the Philadelphia Real Estate Blog

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/

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

This is brought to you by the Philadelphia Real Estate Blog

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

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

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 Market Update for Queen Village, 2008 4th Quarter

Philadelphia Real Estate Market Update for Pennsport, 2008 4th Quarter

Philadelphia Real Estate Market Update for Old City, 2008 4th Quarter

Philadelphia Real Estate Market Update for Northern Liberties, 2008 4th Quarter

Philadelphia Real Estate Market Update for Logan Sqaure, 2008 4th Quarter

Philadelphia Real Estate Market Update for Italian Market area, 2008 4th Quarter

Philadelphia Real Estate Market Update for Graduate Hospital area, 2008 4th Quarter

Philadelphia Real Estate Market Update for Fitler Square area, 2008 4th Quarter

Philadelphia Real Estate Market Update for Fishtown area, 2008 4th Quarter

Philadelphia Real Estate Market Update for Bella Vista 2008 4th Quarter

Philadelphia Real Estate Market Update for the Avenue of the Arts 2008 4th Quarter

Phildelphia Real Estate Market Update for the Art Museum Area, 2008 4th Quarter.

Keller Williams Realty Bucks National Business Trends During the Toughest Real Estate Market on Record

AUSTIN, TEXAS (January 27, 2009) — Bailout. Credit crunch. Foreclosure. Despite these words permeating the headlines and airwaves, there are companies out there moving forward – even in real estate. Keller Williams® Realty Inc., the fourth largest real estate company in North America, announced today that it outpaced the market in 2008, while remaining free of debt, and gave back more than $30 million in profits to its agents.

“Our strategy is no secret. We faithfully follow the sound financial model of leading with revenue – the same model our market centers follow,” said Mark Willis, CEO of Keller Williams Realty Inc. “As we watch companies throughout the country take on billions of dollars of debt, we are proud to say that our company has not one dollar of financing debt and we remain strong and financially sound. It is our joy to be able to give back to our agents during these times.”

Despite pervasive downward trends in the real estate industry, Keller Williams Realty continues to outperform the industry. For the first 11 months of 2008, existing home sales for the United States fell 17 percent when compared to the same period the year before. By comparison, Keller Williams Realty is poised to outdo those numbers by 10 percentage points, and in addition, the company experienced a much smaller contraction in its agent base compared to the National Association of REALTORS®, who saw a 10 percent decline in membership.

“Keller Williams was founded 25 years ago during one of the toughest markets on record – when interest rates were higher than 18 percent. We continue to urge our agents to zero in on lead generation and reducing expenses so they can thrive during this market,” said Mary Tennant, president and COO of Keller Williams Realty Inc. “We admire our agents’ spirit, tenacity, and dedication to their businesses. They just keep powering forward.”

Throughout 2008 Keller Williams Realty launched new products and services specifically to boost its agents’ businesses, including two new books: Your First Home: The Proven Path to Home Ownership for first-time home buyers, and SHIFT: How Top Real Estate Agents Tackle Tough Times. Both books are written by Gary Keller, co-founder and chairman of the board of Keller Williams Realty, who also authored national best sellers The Millionaire Real Estate Agent and The Millionaire Real Estate Investor.

Additionally, Keller, co-author Dave Jenks and trainer and coach Tony DiCello hit the road to teach the 12 tactics laid out in SHIFT, drawing more than 20,000 attendees in 29 cities. The company also continued to provide agents support through Operation Heart to Heart 2, a training initiative designed to help agents and market centers deal with today’s market.

About Keller Williams Realty Inc.:
Founded in 1983, Keller Williams Realty Inc. is the fourth-largest real estate franchise operation in North America, with more than 690 offices and 70,000 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. For more information, visit Keller Williams Realty online at (www.kw.com). Keller Williams Realty opened in Center City, Philadelphia in December, 2007.

According to the Philadelphia Inquirer in a non-scientific study of 1600 buyers, although a miniscule median price drop was registered for Philadelphia in 2008, sellers do not think it is a good time to sell.

However, the overwhelming majority buyers think it as an awesome time to buy! Those surveyed also thought the Philadelphia metro area real estate market is doing way better than the nation as a whole.