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Tag / Prices

Early Fall Market Report

As of September 16, 2013: Philadelphia’s Market Conditions display fewer homes listed, and increasing days-on-market. These are relatively negative implications for Philadelphia area Real Estate. Our city technically remains a “seller’s market,” since current supply & demand levels show no significant price changes. However, conditions are cooling as we head towards the fall & winter...CONTINUE READING

Late July Market Update

Our Late July Market Update [via Altos Research] continues to reflect the summer-long sellers’ market. The numbers & trends displayed present no significant changes in market status; however, they continue to give hope for buyers. Total inventory has increased this month, along with average days on the market. If properties are on the market longer,...CONTINUE READING

Early July Market Report

The beginning of July’s market report  [via Altos Research] has just been released, and we’ve noticed some interesting activity for the Philadelphia area.  For starters, home values have flattened to very comparable prices with last month; however, there is a slight trend downward in price per square foot (see graph below). This shows that larger homes are...CONTINUE READING

End of June Market Report

Some insight from our Late-June market report, via Altos Research: Over the past month, trends continue to sway in sellers’ favor. Take median price for example. We began June at 189k, increasing to 192.5k mid-June, and now 195k to close the month. In our Mid-June report, we questioned whether “a few expensive properties skewed the average, or...CONTINUE READING

Mid-June Market Report

Some highlights from our Mid-June market report, via Altos Research. Conditions continue to favor sellers. Demand for homes in Philadelphia remains strong. Available supply is purchased rapidly, with Philadelphia properties currently averaging a mere 4 months on the market. However, median price has increased from $189,000 to $192,500 in the past two weeks. We’ll see...CONTINUE READING

The housing market is recovering, the housing market is plummeting, depending on the news source…

So while perusing today’s real estate news, CNN headlines read New Home Sales Show Signs of Recovery. The article states that The Commerce Department shows an increase in sales of 31,000 units, which is much better than expected in the midst of the recession. All signs are pointing to stabilization in market conditions, which is due to...CONTINUE READING

2008 Center City Philadelphia Real Estate Market Update

Center City Philadelhia Real Estate Monthly Statistics for 19106, 19103, 19102, 19107, 19146, 19147, 19123 Pricing Details of Sold Units  Date Units Listed Listed Vol Listed Average Pended Units Sold Sold Volume Sold Average Avg DOM Dec 2008 261 98,987,319 379,261 75 131 42,554,725 324,845 88 Nov 2008 366 148,441,958 405,579 108 123 40,848,310 332,100...CONTINUE READING

2008 Real Estate Review, South Philadelphia

The following is the address of every home that sold in the first half of 2008 in  South Philadelphia neighborhoods.                                        Lowest SOLD Price                 Highest SOLD Price Pennsport                        $70,000                                     $545,000 Italian Market               $139,850                                   $340,500 Passyunk Square           $160,000                                  $305,000 Grays Ferry                      $12,000                                    $126,000 Girard Estates               $37,000                                      $524,900 Packer Park                    $230,000                                    $559,000 Point Breeze                   $45,000                                       $159,000 Whitman                        $90,000                                        $210,000CONTINUE READING

Art Museum Houses & Condos, Real Estate Review 2008

In the Art Museum/ Fairmount area there were 76 house sales  and 60 condos sales in the 1st half of 2008. The highest priced House sold for $1,051,501 and the deal of the neighborhood sold at $112,000.  The Average Sale Price for a House was $408,383 and it took 75 days to settle from the time it was listed in the MLS. The highest priced Condo…CONTINUE READING

Northern Liberties Houses & Condos: 2008 Review

In Northern Liberties there were 29 house sales  and 14 condos sales in the 1st half of 2008. The highest priced House sold for $805,000 and the deal of the neighborhood sold at $160,000.  The Average Sale Price for a House was $438,520 and it took 100 days to settle from the time it was listed in the MLS. The highest priced Condo sold for…CONTINUE READING

Graduate Hospital Houses & Condos: 2008 Review

In the Graduate Hospital Area there were 101 house sales  and 20 condos sales in the 1st half of 2008. The highest priced condo sold for $445,000 and the deal of the neighborhood sold at $169,000.  The Average Sale Price for a Condo was $268,870 and it took 116 days to settle from the time it was listed in the MLS. The…CONTINUE READING

Logan Square: 2008 Real Estate Review

In Logan Square, 19103 there were 18 house and condo sales, combined in the 1st half of 2008. The highest priced home sold for $2,000,000 and the deal of the neighborhood sold at $350,000.  The Average  Price for a Home was $711,695 and it took 146 days to settle from the time it was listed in the MLS. To View EVERY Logan Square property that sold between January…CONTINUE READING

Queen Village & Bella Vista House & Condo Sales

In Queen Village & Bella Vista, 19147 there were 55 house sales  and 9 condos sales in the 1st half of 2008. The highest priced condo sold for $499,500 and the deal of the neighborhood sold at $244,000.  The Average Sale Price for a Condo was $374,833 and it took 90 days to settle from the time it was listed…CONTINUE READING

Society Hill Condos Sales, 2008 Reveiw

In Society Hill, 19106 there were 17 condo sales and 11 house sales in the 1st half of 2008. The highest priced condo sold for $2,375,000 and the deal of the neighborhood sold at $270,000.  The Average Sale Price for a Condo was $520,000 and it took 62 days to settle from the time it was listed in the MLS. . The highest…CONTINUE READING

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

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