15 49.0138 8.38624 1 0 4000 1 https://www.centercityrealestate.com/philadelphia-real-estate-blog 300 true 0
theme-sticky-logo-alt
Category / Philadelphia Real Estate Report

Condo of the Week: 4300 Spruce St. #A302 / Uni. City

Bright 2B/2b Gated Condo-Unit; Prime University City location, Just off UPenn campus. Perfect for Student housing & Fantastic Investment Opportunity. Includes: Gorgeous courtyard, Balcony & Tax abatement through 2018. Only six years-old! Contemporary furnishings.  — — — — Key Features & Amenities Address – 4300 Spruce St. #A302 Neighborhood – University City Zip – 19104 Priced...CONTINUE READING

Redfin Exposé Highlights South Philadelphia Neighborhood

Nationwide real estate portal ‘Redfin’ debuts their “Hottest Neighborhoods of 2015.”  South Philadelphia’s ‘Dickinson Narrows’ recognized. Ranked #2 in the United States!  — Tucked between Pennsport &  East Passyunk is South Philly’s next buyer hotspot. Dickinson Narrows lands at #2 on Redfin‘s “Hottest Neighborhoods of 2015,” predicting which urban & suburban pockets will garner significant attention from realtors, developers and prospective homebuyers,...CONTINUE READING

Market Trends: Philadelphia County, EOY 2014

Residential Activity in Philadelphia County, Pennsylvania. For Single-family Homes & Condominiums, citywide.  — Total Inventory, Dec. 2014 = 7,565 2% increase from 2013.  Inventory Accumulation, Dec. 2014 = 7.4 December Settled Listings, Dec. 2014 = 1,071 Total Settled Listings (2014) = 12,302 8% > December 2013. Median Price, Dec. 2014 = $149,900 2014 EOY Median...CONTINUE READING

501 Vine Street Condos’ Post New Year’s Bash!

Join us this Thursday, Jan. 8th for a Post New Year’s Bash at 501 Vine Street Condos, a new construction project.  Chilled champagne from 6pm – 8:30pm + catered food from Philly’s own DiBruno Brothers. Condo #3 – Sign agreement at event to receive 2% seller assist ($7,000) + $1,200 lender credit. Condo #6 – Sign agreement at event...CONTINUE READING

Avoiding Homeowner Regret

HSH.com reports majority American homeowner regrets avoided through increased research, prior to purchase. Let’s explore how to avoid common issues associated with buyer regret. Photo Credit: Money.Cnn.com — Top 5 Homebuyer Regrets Size – 15.5% Storage – 9.2% Neighbors – 8.35% Bathrooms – 8.2% Education – 7.15% How to Avoid?  No deals via ‘agent pressure.’...CONTINUE READING

Philly Amongst Top Metros for Millennial Postgrads

Center City, Philadelphia Amongst Top Postgrad. Hubs Nationwide Additional data emerges supporting significant millennial urbanization growth locally.  Photo Credit: Young Involved Philadelphia — New York City, NY San Francisco, CA Washington D.C. Chicago, IL Boston, MA Philadelphia, PA According to Philly.com reports [late last month], Philadelphia ranks sixth amongst major metropolitans attracting postgraduate millennials [mid-20s to mid-30s], with at least a bachelor’s...CONTINUE READING

Q3 Home Sales “Rose Significantly” in Philadelphia

Recover & Rebound: Why Philadelphia’s Q3 Home Sales Display Promising Trends 3rd Quarter Review: Home Sales in Philadelphia, PA July 2014 – September 2014 Data analysis: Kevin Gillen, Economist (Recorder of Deeds Office) The Facts 1. Sales volumes increased from 2nd Quarter. Most notably, within lower-priced neighborhoods. 2. Just below 4,000 transactions July – September 2014. 1st time since...CONTINUE READING

Philadelphia #3 Buyers’ Market in the USA

The economists at Zillow (popular real estate search portal) recently analyzed nationwide data to determine which United States’ metropolitans offer the strongest landscapes for buyers & sellers, respectively. Results account for sales price, asking price, days on market & percentage of homes on market with price cuts. Philadelphia charted amongst the USA’s strongest buyers’ markets, at #3 in the...CONTINUE READING

Millennial Homebuyer Preparation Strategies

It’s no secret the millennials face a lofty task prepping their first home purchase. Between the 2008 housing crash, widespread student debt & a challenging job market, you’re average millennial postgrad isn’t too actively pondering their first home. In fact, 20-somethings have become known for their paycheck to paycheck “lifestyle,” which should not be misconstrued as...CONTINUE READING

Philadelphia Amongst Most Affordable Millennial Markets

RealtyTrac. reports  as #5 most affordable housing market for Gen. Y buyers, according to recent study results. Research analyzed percentage of income needed by median earners, in order to purchase / rent median priced homes. In Philadelphia, buyers allocate 14.06% of income for current living situation. Median home price [as of April 2014] estimated $81,675, while...CONTINUE READING

Open House Tours :: Sunday August 10th

# 1 – 123 Elfreth’s Alley | Philadelphia, PA 19106 Elegant, Federal Style Old City Townhome – Philly.com Featured. Date / Time : Sunday August 10th, 1-3pm Listing Agent : Adam Atacan 3 beds / 3 full baths. Original architectural details & contemporary upgrades. Classic old-world charm meets modern comfort. 1st floor living room, dining room, eat-in kitchen & outdoor garden....CONTINUE READING

Econsult Solutions’ Quarterly Housing Index (2014 ; Q2)

The following excerpt is sourced from Econsult Solutions’ Quarterly Housing Index (2014 ; Q2)   The Philadelphia housing market had another strong spring this quarter, with some differences across subregions. Quality-adjusted prices of single-family houses in Philadelphia increased by an average of 5.1 percent this quarter and are up 3.1 percent from a year ago. Trends in the city...CONTINUE READING

5 Can’t Miss Condos on the Delaware River Waterfront

Unit # 1 : 3 N Columbus Blvd # RL106 | Philadelphia, PA 19106 Rare Penn’s Landing Waterfront Condo, in the Historic Pier 3. 2 beds / 2 baths / 1,300 Sq. Ft Brand new, open concept, custom, eat-in, tiled kitchen. Renovated with stainless appliances & custom cabinetry. Private patio with gorgeous, unobstructed Delaware River...CONTINUE READING

5 Townhomes For Sale Near Lombard Swim Club

Exploring the Graduate Hospital & Rittenhouse areas of Center City, walkable to Lombard Swim Club. Bonafide summer hotspot, Lombard Swim Club has stood out as 1 of Philly quality athletic institutions since 1979 ! — Unit # 1 : 2203 Kater St | Philadelphia, PA 19146 Unique Condo Alternative on Fantastic Graduate Hospital Block.  1 bed...CONTINUE READING