CHECK OUT THESE STATS!!
Provided by Kevin C Gillen of The University of Penn.
For more information contact Jim Onesti. 215-440-2052 or jonesti@mccannteam.com
The Piazza
New This Week…
The median list price in Philadelphia this week is $279,900.
Demand measured by the Market Action Index is increasing and days-on-market is trending downward.
Even as more properties come available, these are positive trends for the market.
For a summary report please CLICK HERE!
For a market update report please CLICK HERE!
For more information or to sign up to receive weekly updates delievered right to your inbox please contact
Jim Onesti. 215.440.2052 or jonesti@mccannteam.com
Northern Liberties is on FIRE!!
As most people know, Northern Liberties is on fire! We are now selling single lots for $160k EACH!!
The Growth has spilled one block north into 19122 and this area is going through a tremendous transition!
You can still purchase single lots between $50k and $75k in 19122 and we are now selling 3 story new construction homes for $400k-$420k.
Currently There a few large developments getting close to breaking ground in 19122 and once they do, we anticipate further development and we feel land prices will rise because demand will rise significantly.
19122 is a great place to buy NOW before its too late…
Here are a few available projects:
– 1631-33 Cadwallader street. two lots. 16’ x 71’ and 16’ x 74’ $45k each.
– 14XX-14XX Germantown ave. 5 lots that run street to street allowing two car parking in the rear of each new home.
$69k each for the four larger lots and $39,900 for the smaller 5th lot.
– 2027 & 2029 Huntington st. THESE two are FISHTOWN lots, 19125, but they are a great value! $40k each. 16’ x 60’ and 17’ x 60’
For more information contact Jim Onesti. 215.440.2052 or jonesti@mccannteam.com
Incredible Development Opportunity!
2 story shell with approvals for a rear two story addition, 3rd story addition, AND a roof deck!
Run the numbers…this deal works!
Surrounded by new construction all around!
Walk to Graduate, Rittenhouse, Center City, Broad Street and so much more!
1846 Reed in rapidly developing Point breeze Area. Listed at just $78k! Won’t Last!
For more information or to make your offer today contact Jim Onesti. 215.440.2052 or jonesti@mccannteam.com
New This Week in Philadelphia…
The median list price in Philadelphia this week is $189,900.
The Market Action index has been trending down lately, while days-on-market is climbing,
providing mostly bearish signs for the market.
For this weeks summary report CLICK HERE!
For this weeks update report CLICK HERE!
For more information or to sign up to have these reports sent directly to your inbox, contact Jim Onesti 215.440.2052 or jonesti@mccannteam.com
LOTS and Fixer uppers in Center City Philadelphia, Northern Libs, Fishtown and other ares- NOT IN THE MLS !!
We replenished our inventory and now have several development sites, Lots, shells, Fixer uppers and wholesale deals in and around Center City Philadelphia…
HURRY, because as we all know they get absorbed quick…
Jim Onesti- Realtor jonesti@mccannteam.com
McCann TEAM, Prudential Fox & Roach Realtors
530 Walnut Street #260
Graduate Hospital Fixer Upper FOR SALE! NOT in MLS!!
1022 s. 24th street, Near Carpenter Street, is a wide and deep 2-story fixer upper for sale!! NOT IN THE MLS!! renovated homes in the area sell for 300k-400k.
Asking price is $149,950. DRIVE BY ONLY!
contact us with interest.. Jim Onesti, McCann Team, Prudential Fox & Roach Realtors
215-440-2052 215-627-6005 
Interest Rates still at historically low levels!!!!!!!!!!!! But for how much longer?
Another week of strong economic data would normally push mortgage rates a little higher, however, rates recovered some ground instead and ended the week slightly lower. The big report this week was a very strong Retail Sales report. This report is always watched very closely as a major economic indicator due to Retail Sales accounting for about 70% of all economic activity in the US. This kind of strong economic growth should support continued improvement in the housing market.Regarding some day-to-day stuff…it is normal this time of year to see pending closing dates on agreements of sale going into the summer. Often the pending close date is outside the free 60 day rate-lock period Trident honors. (which is nice considering most banks/lenders/brokers will only lock for 30 days for free) In these extended closing date cases we can lock the rate for longer than the standard 60 days, but there are costs associated with this option. Typically the cost is about .5% of the loan amount for every extra 30 days needed in the rate-lock period. While the buyer will always have this option to pay to lock-in we’ll also track the rates closely for your clients if they choose not to lock-in and patiently wait until they’re within the 60 day free rate lock period.
This Week in Northern Liberties
The median list price in 19123 is $474,999.
With inventory trending up but days on market and the Market Action Index essentially flat recently, conditions do not seem to have a strong up or down pull.
For this weeks summary report CLICK HERE
For a full update report CLICK HERE
Or call Jim Onesti to sign up for automatic updates!
Jim Onesti 215-440-2052 or jonesti@mccannteam.com
Philly Real Estate INVESTOR Deals 