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

Old City Condos Sales, 2008 Reveiw

For Condos in Old City there were 60 sales and 1 house sale (highlighted in yellow) in the 1st half of 2008. The highest priced condo sold for $2,475,000 and the deal of the neighborhood sold at $185,000.  The Average Sale Price for a Condo was $436,611 and it took 94 days to settle from the time it was listed in the MLS. To…CONTINUE READING

Washington Square Houses, 2008 Real Estate Review

For Houses in Washington Square there were 17 sales in the 1st half of 2008. The highest priced condo sold for $950,000 and the deal of the neighborhood sold at $185,100.  The Average Sale Price for a Condo was $478,156 and it took 115 days to settle from the time it was listed in the MLS.  To View EVERY House that sold…CONTINUE READING

Washington Square Condos: 2008 Real Estate Review

For Condos in Washington Square there were 49 sales in the 1st half of 2008. The highest priced condo sold for $1,472,000 and the deal of the neighborhood sold at $126,000.  The Average Sale Price for a Condo was $507,000 and it took 127 days to settle from the time it was listed in the MLS. To View EVERY…CONTINUE READING

Center City Philadelphia’s Sexiest Restaurants

While planning a summer vacation recently I happened upon a website that lists the 10 sexiest restaurants in Center City Philadelphia as selected by April White, Food Editor for Philadelphia Magazine.  The criteria April used seems a bit vague- “Sexy can mean beautiful people sipping martinis at the bar, a kitchen that turns out big,...CONTINUE READING

The Housing Market is Crashing (NOT!)!

 Today the U.S. Commerce Department issued a report with the following data: * “April’s rebound was led by a huge 41.7 percent surge in sales in the Northeast” *  “Sales were up 8.3 percent in the West” * “5.8 percent in the Midwest” However, the report that made headlines everywhere was the May, 2008  Standard & Poor’s/Case-Shiller index. Their 20 city...CONTINUE READING
Category:Market Data, News

Center City Philadelphia Condos – Sales Up and Prices Stable

The latest data from the National Association of Realtors shows what buyers and sellers in Center City Philadelphia already know, namely that the condominium market is strong.  Sales of Condominiums and Cooperatives in the Northeast have been increasing since January of 2008 and are up 4.3% from March 2008 to April 2008.   Sale prices for Condominiums and Cooperatives in...CONTINUE READING
Category:Condos, Market Data

Center City Philadelphia Home and Condo Prices

Alan J. Heavens, Real Estate Columnist for the Philadelphia Inquirer, wrote an excellent piece recently that was featured in May 24th’s paper.  The article described the difficulty facing the real estate professional or the potential home buyer or seller when trying to interpret the endless stream of home sales and price data being publicized.  Two...CONTINUE READING

Old City Condos

centercityrealestate.com will soon provide the MOST INDEPTH CONDO INFO ever gathered for Philadelphia for our guests. For now, view what is for sale in OLD CITY by using on our search engine and clicking on any of the 43 condo building names. Check back soon to see Philly’s condo encyclopedia: New Construction     York Square The National                                                       Lofts at 209   22Front                                                                   TheEssex                                                                   Hoop Skirt Factory                                           TheArch                                                                  ...CONTINUE READING
Category:Condos, Old City

Good News Philadelphia!!

The Philadelphia Inquirer recently posted an article stating that the Philadelphia area foreclosure rate is down 30%!  That’s great!  To read the article see below… Philadelphia area’s foreclosure rate drops 30% By Al Heavens Inquirer Real Estate Columnist The Philadelphia region’s first-quarter foreclosure rate fell almost 30 percent from the same period a year earlier,...CONTINUE READING
Category:Market Data, News

Art Museum only getting better!

They finally broke ground on the new extension to the Philadelphia Free Library  on 20th & Callowhill.  The new music/video lab is projected for completion by next summer.  Across street will be the new home to Rodin Museum.  That intersection with Whole Foods, PSC, Starbucks and Hollywood Video will become on of the most intriguing areas in the...CONTINUE READING

The Reality of the U.S. Real Estate Market (must read info)

The Media During the beginning of the 21st century the media queried “when will the boom bust?” Now the daily headlines claim the American real estate markets are falling, homes are losing value, the mortgage markets have seized up and institutions are reluctant to lend against an asset declining in value. But what if the...CONTINUE READING

Real Trends Market Update

Here is latest quote from Real Trends Report. I would like to hear your comments. “Along with a growing number of professionals, we see positive indications  for the real estate industry. Based on the strong signals in the REAL Treads report and data gathered from arange of other sources, it appears that inventory leveling off...CONTINUE READING
Category:Market Data