Real Estate Developers Wanted

My developer clients stay with me for Life…  Over the last 16 years I have had the pleasure of helping my investor and developer clients sell hundreds of properties and reach the next level in their business. We strive to be the most knowledgeable, hardworking agents in our marketplace. Our reputation is everything to us!

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Mr. New Construction Does it Again!!

23After bird dogging and selling an amazing piece of land to one of his developers; Jim Onesti from BHHS Fox & Roach Realtors, pre-sold ALL 4 of the new homes being built there, long before completion!!

ALL sold at or very close to full price which ranged from $669,900-$689,900

23bThis amazing project was located at 547-53 N. 23rd Street, right on the corner of 23rd and Brandywine in the Art Museum Area.

These beautiful homes featured 4 stories, 2700 square feet, garage 23cparking, 2nd & 4th floor decks, 10-year tax abatements, finished basements and master carpentry throughout!!

Selling real estate and finding great deals is what we do. Both our marketing plan and our track record provide fast and proven results. If you are interested in finding out more about putting our expertise and experience to work for you, contact us TODAY!

CLICK HERE to learn more about the many developments I have SOLD OUT!

McCann Team
Berkshire Hathaway HomeServices – Fox & Roach Realtors
McCann Team – 530 Walnut Street – Suite 260 – Philadelphia PA 19106
215.627.6005 Main – 215.440.2052 Direct – jonesti@mccannteam.com

New Name, Same Outstanding Service!

Blog PhotoPhiladelphia’s #1 Realtor and Real Estate Company is proud to announce a bold transformation of its own!

As of November 12th, 2013, Prudential Fox & Roach Realtors is now Berkshire Hathaway Home Services Fox & Roach Realtors.

With the cabernet and cream renovation, you are still and will always be promised professional and committed service, along with the same first rate expertise knowledge and experience. Rest assured, while the name might be different, the quality of service provided will be the same.

Look for our new signs, designed with cabernet and cream colors!

If you have any questions or concerns about this exciting news and what it will mean for you specifically, please contact me at any time at Jonesti@mccannteam.com.

New This Week…

The median list price in Philadelphia this week is $189,994

Inventory and days-on-market are both trending higher recently.
However, the improving Market Action Index implies some increased demand will temper the negative trends.

Phila pic

For this weeks market update report CLICK HERE!

For this weeks summary report CLICK HERE!

For more information or to sign up to have updates delivered right to your inbox please contact
Jim Onesti 215.440.2052 or jonesti@mccannteam.com

PHILADELPHIA, PA

Finally Available: 107 Callowhill Street

Just in: 107 Callowhill Street

Get in on this new development opportunity (not in the MLS) from the very beginning! Don’t wait to be a part of this fantastic project in the historic and electric Old City section of Philadelphia.
Asking Price: $250k
Features: lot approved for mixed-use building right by Old City

Click 107 Callowhill for more details!

Get a better view of the neighborhood!  

Still want more info? Leave me your comment and I’ll respond as soon as possible!

Just In: 3791 Main Street in Manayunk

3791 Main Street is now available!
Beat the rush and request exclusive info on this new development opportunity (currently not in the MLS) today!
Asking Price: $600k
Features: 15 buildable lots in the always vibrant and white hot Manayunk area!

Click 3791 Main St for more details!

Wondering about the neighborhood?  Take a look at the sites you’ll find here:

Still want more info? Leave me your comment and I’ll respond as soon as possible!

With Economic Improvement Comes Higher Interest Rates…

1For months, the financial markets have been focused on the question of when the Federal Reserve will begin to scale back its massive bond buying program.

On Wednesday, comments from Fed Chief Bernanke and the Fed Minutes (the details of their internal meeting that gets published) caused investors to think that the tapering may begin sooner than expected.

The acknowledgment that Fed officials believe that economic growth actually could pick up quickly enough to justify a reduction in monetary stimulus was encouraging, but it was bad news for mortgage rates.

The rate sheet reflects rates that have not been up to this level since around the same time last year, ironically enough.

One of the primary goals of the Fed’s bond buying program is to to keep mortgage rates low to stimulate the housing market and boost the economy. To this end, the Fed currently purchases the vast majority of newly issued mortgage-backed securities (MBS) each month.

Since mortgage rates are mostly determined by MBS prices, this enormous demand from the Fed has helped mortgage rates decline to historically low levels.

Publication1The Fed’s MBS purchases will eventually end, however, and this week’s Fed comments raised investor concerns that this will take place sooner than previously expected.

On Wednesday, Bernanke acknowledged that there is a chance that the Fed could begin to taper its MBS purchases at one of its “next few meetings”, based on economic conditions.

So the overall feeling that the economy is continuing to recovery is good news, but with this improvement will come higher interest rates.  While this is about as high as we’ve seen in about a year this still reflects historically low mortgage rates.

I hope everyone enjoyed their Memorial Day weekend. Above is a striking picture of Pearl Harbor as we remembered all our heroic men & women who have served in our Armed Forces this past weekend.

Courtesy of Jason Griesser, Trident Mortgage

For more information contact Jim Onesti. 215.440.2052 or jonesti@mccannteam.com