October 19, 2011
At this week’s Planning Commission meeting three proposed development projects encountered some opposition, largely due to height issues. Old City Neighborhood Jeff Brown, of Brown-Hill Development, is proposing a large mixed-use building at the corner of Second and Race streets – 205 Race Street in Old City. The project will include 150,000 square feet of retail space at ground […]
October 18, 2011
Hilton Home2 Suites has begn construction on a $60 million new hotel in Center City Philadelphia according to an annoucement by Mayor Michael Nutter, the developer and city officials. Home2 Suites is the newest hotel in the Hilton portfolio and as the name suggests the hotel is made up entirely of suites and was designed to compete with Starwood’s W Hotel […]
October 18, 2011
Here’s the latest market data for the Philadelphia real estate market compliments of TREND MLS. Market History In Philadelphia County, Settled units increased nearly 7% in September 2011 compared to September 2010. The Median Settled price also increased nearly 9%, to $130,000. Year-to-Date Market Snapshot In September 2011, Philadelphia County settled 6,828 units at an average price of $163,000. […]
October 18, 2011
Will Smith New Owner Of Philadelphia 76ers…Seriously Comcast Spectacor completed the sale of the Philadelphia 76ers to a group of individuals that included Philly’s own Will Smith and his wife Jada. New York investors and University of Pennsylvania Wharton grads Joshua Harris and David Blitzer are the majority owners but the full list of partners is below. Hopefully this will […]
October 17, 2011
It’s Time To Buy That House (In Philadelphia) What a great follow up to my post about how Philadelphia home values have held value or increased in value since 2005. Nationally, US home prices have lost nearly 1/3 of their value and would be buyers are opting to rent or wait. According to the Wall Street Journal article, “It’s Time To Buy […]
October 16, 2011
Philadelphia Open House Best Practices (UPDATE: A buyer client of mine who we can simply call Large Marge has asked that I disclose that i just put a property under contract that was found as a result of an open house) Open houses continue to be an area of debate in the Philadelphia real estate community. Some real estate agents […]
October 16, 2011
Philadelphia Home Values Are NOT Declining Location, Location, Location – Buying Real Estate In Center City Protects Your Investment Philly.com posted a really cool article today named “Home Price Survey 2011”. The article includes an in an interactive map that shows the median price values of each Philadelphia neighborhood (by zip code) for the years 2005-2011. Click here to play with […]
October 15, 2011
Brooklyn Transplant BARCADE Now Open in Fishtown The latest New York transplant to hit Philly is sure to be a fan favorite. Barcade, part bar part arcade, was born in Williamsburg, Brooklyn and merges American Craft Beer and Classic Arcade Games and is officially open for business in the Fishtown neighborhood. Located at 1114 Frankford Avenue between Girard Avenue and the Delaware […]
October 14, 2011
Philadelphia Housing Authority To Auction Hundreds of Philadelphia Homes The Philadelphia Housing Authority will, for the first time ever, auction more than 400 properties in North Philadelphia, West Philadelphia, and South Philadelphia in an attempt to reduce surplus inventory that is not being used. The auction will be conducted by Max Spann Real Estate & Auction Co. and will take place […]