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Philadelphia, PA Real Estate News

By Hannah Williams, Expertise NE Philadelphia & Bucks 215-820-3376
(HomeStarr Realty)
Philadelphia Steals and Deals Gifts Mom Day or Just for Fun This week's choices are for women as Mother's Day is not far off. Maybe you are lucky enough to have a mom or you are a mom. Maybe you are just looking for yourself. So here you go with this week's selection. I stopped getting gel nails and acrylic nails during COVID-19. The pain of letting them grow out was horrid, and I decided that it was time. I tried so many different polishes and promises. It was not until I discovered BeautyGarde, a plant-based formula it works. It is called Rocket Nail Fuel.You put a coat of polish on every day. You can purchase directly from them or Amazon. I do not have the time to sit in a Salon for a manicure. The polish is not cheap, about $32 for a top coat, which you also use as a primer - and a ...
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By Hannah Williams, Expertise NE Philadelphia & Bucks 215-820-3376
(HomeStarr Realty)
Tonight is the first night of Passover and Jewish people all over the World will be sitting down with their families and close friends and having a Seder dinner. What is a Seder, you may ask? It is a meal symbolizing freedom from slavery and bondage from Egypt, and each food has its own meaning. It is a tradition celebrated. The Jewish people left Egypt in haste with no time to make bread; therefore, this is why Matzo is unleavened bread. It is the Story of Exodus and there is a plate on the table that each food/herb has a meaning. You will find the story in the Bible. This is a very condensed version of what a Seder dinner is.    This year with all the turmoil in the Mideast let us hope and pray it will be Peaceful  
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
Why Homes Do not Sell ?  Part 3 - DIFFICULTY SHOWING THE PROPERTY There are 4 main reasons Why Homes Do Not Sell .  This is part 3 of our series.  The first 2 reasons are:   Poor Advertising and Insufficent Marketing - Part 1   Stigma - Part 2 In regards to part 3 - difficulty showing the property, the concept is pretty simple:  People will not buy what they cannot see !   Further, agents might even skip showing the property once they realize the difficulty of getting in.  Some examples include: 1.  No key at the property. Example: Key at office (other side of town) or key was taken out of the lockbox.  Who is going to drive to the other side of town for this one showing and then bring the key back ? 2.  Listing agent must accompany Example:  This can be difficult logistically when you ...
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 31,2009 Philadelphia Active 8430 Pending 1241 Bucks County Active 3502 Pending 429 MontCo Active 4581 Pending 589 DelCo Active 2952 Pending 424 Call for commercial and multiuse activity reports.
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 30,2009   Philadelphia Active 8486 Pending 1311 3rd Qtr Average Price $182,100 DOM 65 Bucks County Active 3495 Pending 474 3rd Qtr Average Price $359,300 DOM 68 MontCo Active 4590 Pending 637 3rd Qtr Average Price $346,500 DOM 66 DelCo Active 2981 Pending 448  3rd Qtr Average Price $284,600 DOM 64 Call for commercial and multiuse activity reports.
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
  Why Houses do not Sell ?  Part 2 - STIGMA STIGMA - defined as a mark of shame or discredit or an identifying mark or characteristic This is part 2 of our 4 part series of Why Houses Do Not Sell .  For part 1, please view "Why Houses Do not Sell - Part 1" where we focused on the importance of having the right realtor who is an expert marketer and who specializes in internet marketing. The second reason why houses do not sell would be a possible STIGMA associated with the property.  The following are examples of different stigmas that are most common to the average seller. These stigmas are followed by simple and doable remedies that an average seller can do to overcome them. 1.  Days on Market - If a property has been on the market for close to a year or even six months in some areas, ...
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 29,2009   Philadelphia Active 8473 Pending 1323 3rd Qtr Average Price $182,100 DOM 65 Bucks County Active 3491 Pending 471 3rd Qtr Average Price $359,300 DOM 68 MontCo Active 4596 Pending 635 3rd Qtr Average Price $346,500 DOM 66 DelCo Active 2979 Pending 458  3rd Qtr Average Price $284,600 DOM 64 Call for commercial and multiuse activity reports.
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 28,2009   Philadelphia Active 8449 Pending 1336 3rd Qtr Average Price $182,100 DOM 65 Bucks County Active 3470 Pending 471 3rd Qtr Average Price $359,300 DOM 68 MontCo Active 4596 Pending 633 3rd Qtr Average Price $346,500 DOM 66 DelCo Active 2985 Pending 458  3rd Qtr Average Price $284,600 DOM 64 Call for commercial and multiuse activity reports.
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Dr Hanh Vo,Broker owner, e-PRO | Vihi Realty Co. | 215-271-1035 or 267-664-2689 7126 Whitaker Avenue, Philadelphia & Subburbs, PA 4BR/2BA Single Family House offered at $140,000 Year Built 1950 Sq Footage 1,020 Bedrooms 4 Bathrooms 2 full, 0 partial Floors 1 Parking Unspecified Lot Size 4,233 sqft HOA/Maint $0 per month DESCRIPTION Address: 7126 Whitaker avenue Type: Residential Style: Single Story Bedrooms: 4 "large master lower level" Bathrooms: 2 Basement: Yes Lot Type: Rectangular Lot Size: 30ft x 144ft "nicefront yard and long back yard" Year Built: 1940 Taxes: $1,531.00 (2008) Description Public: This is a SHORT sale opportunity for a beautiful twin rancher in a desired Rhawnhurst location. New hardwood was installed throughout the first floor including living room, kitchen and 3...
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 27,2009   Philadelphia Active 8416 Pending 1335 3rd Qtr Average Price $182,100 DOM 65 Bucks County Active 3474 Pending 460 3rd Qtr Average Price $359,300 DOM 68 MontCo Active 4601 Pending 619 3rd Qtr Average Price $346,500 DOM 66 DelCo Active 2995 Pending 453  3rd Qtr Average Price $284,600 DOM 64 Call for commercial and multiuse activity reports.
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
I spent all day today prospecting on the phone and taking calls from the investor pool I have generated for some time now. Spencer, my 2 year old is totally into what I do for a living. This may be the case because he is with me during working hours; we took him out of daycare about a year ago. He does not mind going into some of the most questionable properties in Philadelphia, and others do not mind if he tags along or sits in on a meeting. He does what daddy does, pokes walls, ceilings, and does not mind the paperwork either. Give him a piece of paper and a pen and tell him "let's do some work", he grabs the pen and paper and says "work". Voila, he is a happy camper. Now Seth on the other hand, "another property?" What happened to that 5 year old that was always willing to go on an a...
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 26,2009   Philadelphia Active 8402 Pending 1312 3rd Qtr Average Price $182,100 DOM 65 Bucks County Active 3474 Pending 450 3rd Qtr Average Price $359,300 DOM 68 MontCo Active 4589 Pending 604 3rd Qtr Average Price $346,500 DOM 66 DelCo Active 2982 Pending 450  3rd Qtr Average Price $284,600 DOM 64 Call for commercial and multiuse activity reports. Information from TrendMLS
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
Why Philadelphia Houses Do Not Sell ?  Reason Number 1 If you are:  1) Considering selling your property or 2) A Realtor looking to be the best listing agent you can be, then this is reason #1 of "The Somers  4 Reasons Why Houses Do Not Sell". Reason # 1 is Insufficient Exposure The days where you can easily sell your home by hiring a Realtor to put your home on the Multiple Listing Service (MLS) and place a For Sale sign on the lawn, are O-V-E-R !   O= outdated   V= very outdated   E= extremely outdated   R= really outdated Now don't get me wrong.  The MLS and signage are still vitally important, they are just not enough these days.  To sell a home, you need to let the world of buyers know, "This House is For Sale ! Buy Me !" Expose the heck out of it !   I've heard the latest stats th...
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
Settlement Success in Castor Gardens We had a settlement yesterday that was a culmination of a lot of hard work, communication and patience.  We originally listed this property in Castor Gardens in November 2007 and had the settlement in January 2009.  That is a long time !  There are a few very important items to take away from this. o  Never give up on the path to success. o  Reassess, adjust and make recommendations along the way. o  Communication with your clients is essential, imperative and critical. o  Know your market inside and out .    The property was one of few mixed used properties in the neighborhood and not the easiest to price or to appraise.  The sellers expectations were too high in the beginning but not too far off.  It took a couple of price reductions and the seller...
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
This will be a chronicle about my two sons and what they experience on a daily basis working with daddy. I received an Email from a friend this morning and her comment was "precious heirs to the throne...the mighty Lavelle Real Estate empire." Well this came about from a picture that was taken at a Sixers game, and I had a HUGE smile on my face while a picture was taken while I was posing in between the Sixer's Dancers. Well my friend being a woman, this of course got into the whole your wife issue, and being the err hmmm "gentleman" I am, I conceded. This of course can open the "can of worms" that may keep any fisherman busy for quite a few lifetimes. Well enough of that issue, because I am sure I will receive some communication, or maybe "that look" from my wife when she finds out. Al...
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Ah Ha!!!! Have you ever had that moment in life? Just when you can not figure it out, it all gets figured out for you; and then EUREKA!!! I had my BIG WHY given to me the other day while having a conversation with my wife. We expect the pararde, the dancing girls, the shiny disco ball, or this thundering voice from above; and yet it is given to us when we least expect to hear the whisper. What is my BIG WHY? Well that only belongs to those that are near and dear to me; and it was from them I found it. I was searching for it, could not find it, and once I stepped back, calmed down, and listened, it was given to me; well I believe prayer also helped. So if you are in search of your BIG WHY, stop thinking about the daily grind that bogs and clogs up your mind, sit back and take notice of t...
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 23,2009 Philadelphia Active 8423 Pending 1295 3rd Qtr Average Price $182,100 DOM 65 Bucks County Active 3473 Pending 442 3rd Qtr Average Price $359,300 DOM 68 MontCo Active 4552 Pending 597 3rd Qtr Average Price $346,500 DOM 66 DelCo Active 2971 Pending 446  3rd Qtr Average Price $284,600 DOM 64 Call for commercial and multiuse activity reports.
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
Philly Investor Hub Philly Investor Hub has a new face and updated content.  Please take a moment to view the site and let us know what you think ! The goal of the sites is to provide resources for both buyers and sellers of Philadelphia Investment properties.  Investors can search for not only our listings but all Philadelphia properties.  Sellers also have an opportunity to have an expanded network of potential buyers when there property is marketed by The Somers on Philly Investor Hub. In addition, we have updated "Why Philly" . Under Resources, we have "Blogs Best" where many of our blog entries about investing in real estate or the Philadelphia market is highlighted. We even have same of favourite investment books highlighted under Resources. Our folks at Intention Marketing have h...
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 22,2009 Philadelphia Active 8392 Pending 1286 3rd Qtr Average Price $182,100 DOM 65 Bucks County Active 3465 Pending 432 3rd Qtr Average Price $359,300 DOM 68 MontCo Active 4540 Pending 586 3rd Qtr Average Price $346,500 DOM 66 DelCo Active 2971 Pending 448  3rd Qtr Average Price $284,600 DOM 64 Call for commercial and multiuse activity reports.
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 21,2009   Philadelphia Active 8365 Pending 1273 3rd Qtr Average Price $182,100 DOM 65 Bucks County Active 3449 Pending 427 3rd Qtr Average Price $359,300 DOM 68 MontCo Active 4531 Pending 579 3rd Qtr Average Price $346,500 DOM 66 DelCo Active 2971 Pending 446  3rd Qtr Average Price $284,600 DOM 64 Call for commercial and multiuse activity reports.
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 20,2009   Philadelphia Active 8349 Pending 1275 3rd Qtr Average Price $182,100 DOM 65 Bucks County Active 3447 Pending 423 3rd Qtr Average Price $359,300 DOM 68 MontCo Active 4626 Pending 568 3rd Qtr Average Price $346,500 DOM 66 DelCo Active 2965 Pending 440  3rd Qtr Average Price $284,600 DOM 64 Call for commercial and multiuse activity reports.
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
From the article "Six Us Markets Deliver Strongest Price Growth in Condos"  "Philadelphia-Camden-Wilmington, PA-NJ-DE-MD: This area has the highest median price point of our top six. A 1 Bed, 1 Bath high rise condo with 600 Sq Ft of living space and a city view can be had for the local median price of $207K.(1) Philly is the sixth most populous city in the US with the seventh largest GDP in the nation, as of the latest report.(4) Like Rochester, NY, unemployment was at 5.9%(2) but the median income was also the highest of the group at $74.3K.(4)" The entire article can be found at "Six US Markets Deliver Strongest Price Growth in Condos" This coincides with "Why Philly"  on Philly Investor Hub . For condos that fit this description, please see: "The Lowest Priced Condo in Old Kensington...
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