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January 6, 2009

Just Listed! Gorgeous Townhouse with Lovely Landscaping

Filed under: Center City Real Estate,General Real Estate,Of Interest to Buyers,Real Estate: Condominiums — Center City Philadelphia Real Estate Agent @ 3:21 pm

Some real estate looks good on paper, but not always in person.

And no, this is not a new listing of mine. And yes, that is a swinging couch.

Looking for a Philadelphia realtor who will “Call them as he sees them?” Give me a call at 215.521.1523 or drop me an email at Mark@CenterCity.com, and let’s see all that Center City Philadelphia has to offer.

Mark Wade
www.CenterCityCondos.com
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106

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December 16, 2008

Philadelphia Condos on Spruce Street & Pine Street

Filed under: Center City Real Estate — Center City Philadelphia Real Estate Agent @ 5:05 pm

Along (what I have dubbed) the Spruce/Pine corridor here in Center City Philadelphia, there are a variety of low rise/Brownstone styled condominiums that have seemed to perform reliably well over the past decade.  Due to the perceived desirability of the location of Spruce St. and Pine St, and the mix of unit availability, along with ease of parking (be it rental or on-site), along with the feeling of being “in the mix” of being able to commute around town on foot, I do find that this segment of the market has fared pretty well.

Brownstone condo developments have gained in popularity and acceptance over the past decade, and are unique in their design, features, amenities, and “flair”, as very few are identical. Each building (converted from what was once a very large single family dwelling) is unique in its style and design. For instance, The lowrise brownstone known as Roberts Quay on the corner of 11th and Spruce offers units that are earmarked with high ceilings, original detail, unique floor plans, and holds stunning curb appeal for those looking in the area. Also, since many of these buildings lack a doorman, or an elevator, we will find that condo fees for such units to be fairly minimal. The general absence of a swimming pool, and excessive common areas (grounds, parking lots, etc) also help keeps the monthly condo fees minimal.

Lastly, the proximity to University of Pennsylvania, as well as Jefferson Medical College provides a “built-in” resale market for these Philadelphia condos. As most units along the Spruce/Pine corridor average 1000 sq ft or less, they do seem to be popular with the above mentioned buying set. Though the boundaries of the Spruce/Pine corridor do extend to streets such as Locust, Lombard, and South, and the numbered streets that run between this corridor, the popularity and familiarity of such areas make Spruce and Pine Streets condominiums a fairly sound investment in the minds of many Philadelphia condo buyers.

Mark Wade
www.CenterCityCondos.com
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106

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October 9, 2008

Center City Condos STILL Keep Their Head Above the Water

Filed under: Center City Real Estate,General Real Estate,Of Interest to Buyers,Real Estate: Condominiums — Center City Philadelphia Real Estate Agent @ 12:59 pm

We have talked about this before and the topic keeps us happy here in Philadelphia, so here we are talking about it again. Amidst a year filled with housing turmoil, from foreclosures to listings that sit on the market for over 200 days with no end in sight despite ANOTHER price reduction, here in Center City Philadelphia, condominiums are still selling. Sure, the market here has softened, there is no doubt about it, but compared to our Suburbian friends around the country, our head is still holding above the water and with no intention of sinking.

I came across this great article from the Philadelphia Inquirer from the summer titled Center City Condos Thriving. Many of my colleagues are quoted throughout the article and at the bottom you can read some statistics from many buildings in which I’ve sold a condo or 2 (or many) myself, including The Winne Building, in which I currently have several lisings.

 

Before we know it, the 2009 Spring market will be in gear and things here in Center City Philadelphia will really start to pick up again. If you are interested in an appreciating long term investment, give me a call at 215.521.1523 or drop me an email at Mark@CenterCity.com to set up an appointment and let’s go condo shopping (my favorite thing to do) together!

Mark Wade
www.CenterCityCondos.com
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106

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530 Walnut Street, Suite 480
Philadelphia, PA 19106
Direct: 215.521.1523 ~ Office: 215.627.6005
Fax: 215.627.3142
Email: Mark@CenterCity.com
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