Philadelphia Condo Market ~ By CenterCityCondos header image 1
March 31, 2016 @ 1:26 pm

Locust Point Condominiums

Listen as Mark speaks in a conversational tone about what he knows and believes about the condos located at 2429 Locust St. in Center City Philadelphia- Locust Point condos.

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Originally built as a warehouse then converted to apartments in the 1980’s and eventually converted to condos, I believe Locust Point condominiums happen to be one of the strongest buys in the 19103 zip code for those either looking to be close to the University of Pennsylvania or simply in a strong location near the Schuylkill River jogging trail. 


Mark Wade

BHHS Fox and Roach Realtors 

CenterCityCondos.com 

215.521.1523


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March 29, 2016 @ 12:31 pm

Hopkinson House Condominiums

Tops the list in town of Philadelphia condo buildings in terms of resale ability. The building sits right on the south side of Washington Square. 

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All units have either a northern (park view) or southern (sunny) exposure!  Roof top swimming pool and rental garage parking occupy the roof and the basement .

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March 14, 2016 @ 11:26 am

Hawthorne Loft Condominiums

Listen as Mark speaks casually about his experience and knowledge of the condominiums known as Hawthorne Lofts. Originally built from the Nathaniel Hawthorne school in the 19147 zip code, these lofts offer a lot of amenities for the money.

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Location is strong and most units have parking and I honestly believe there is a sense of community at 712 S. 12th St. due to the configuration of the common elements- from the roof deck to the pool room to the gym. Nicely done! 


Mark Wade 

BHHS Fox and Roach Realtors

CenterCityCondos.com 

215.521.1523

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March 13, 2016 @ 12:03 pm

Fitler Square Philadelphia

Fitler Square is the Westernmost neighborhood in Center City Philadelphia. Located just east of the Schuylkill River and adjacent to Rittenhouse Square, it is a quiet, historic, tree-lined neighborhood.

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Most condos are low-rises, although there are a few wonderful high rise condos located in Fitler Square. There is generally high demand and low supply in the neighborhood. 

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March 10, 2016 @ 2:51 pm

Rittenhouse Square Area Condos

Rittenhouse Square has always had its share of cache.  Though much of the surrounding neighborhood area is known as The "Rittenhouse Square area", the square itself is a highly sought after location for many searching for condos in Philadelphia. A wonderfully urban housing area, Rittenhouse Square is one of the premier destinations for Philadelphia home buyers. 

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March 4, 2016 @ 11:42 am

Washington Square West Philadelphia

Located between Society Hill and the Rittenhouse areas, Washington Square West houses a significant number of historic town homes, cobblestone streets, lofts, and brownstone conversion condominium projects. 

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March 3, 2016 @ 3:12 pm

Old City Philadelphia

Mark lived in Old City for 24 years...it is one of his favorite neighborhoods in town. There has been substantial growth in Old City over the years. You can find very unique condo living ranging from old warehouse conversions to new construction high rises. 

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December 15, 2015 @ 1:56 pm

2015 Philly Condo Market Overview

2015 Philly Condo Market information broken down into 3 segments: Low-Rise, Mid-Rise, and High-Rise condominiums.

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Low-rises are generally made up of brownstones and lofts...they come in many different styles and sizes and most of these condos possess one-of-a-kind character. 

Mid-rises are generally 5-10 story buildings with no doorman, may or may not have an elevator, and usually do not have many on-site amenities, which keeps the condo fees a bit lower than that of a high rise. 
High-rises are much larger buildings and generally the condo fees are higher that that of a mid- or low-rise condo because of the amenities and staff on-site. You can generally find an elevator, doorman, parking, a fitness center, pool, and possibly on-site management in these larger buildings. The units available are usually a little more cookie-cutter as well, meaning unit 901 is probably identical to unit 2801 and so forth and so on. 

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December 7, 2015 @ 4:46 pm

Tax Abatement Questions

Questions that come up very often from my buyers:
What is a tax abatement?
What happens when my tax abatement expires? 
What happens to the value of my condo when the abatement expires? 
Will my Tax Abatement transfer with title? 
What will my new taxes be? 
Can my taxes go up if my property is abated?

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September 22, 2015 @ 2:03 pm

Why we Love Waterfront Square

I know every condo building in Center City Philadelphia, and I chose to buy and live at Waterfront Square condos at 901 N. Penn St.

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From the parking, to the pool, to the value and views- I really love living at “WFS”. The building is located in a quiet section of Center City and offers a great deal of value for the money. I think the quality of life is high and the values strong for everything the condo buildings offer. Three buildings in all- The Regatta, The Peninsula, and the Reef all offer varying floor plans, prices and finishes. 


Mark Wade
CenterCityCondos.com
215.521.1523

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February 12, 2015 @ 6:49 pm

Moravian Condominiums Unit 205

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A really Groovy mix of old urban contemporary chic and soft loft living. Enter into a two story open vestibule with grand staircase. MASSIVE open living room, dining room, and kitchen combination with large vaulted ceilings and skylights...a rambling great room with fireplace and hardwood floors. Large kitchen with Viking appliances, beautiful cabinetry and stainless backsplash, granite counters and a large island area... the kind of kitchen that is open and large and really makes you want to go cook something. Honest. Two large sized bedrooms and one small den/play room as well as two and a half large baths with great elbow room. Gracious oversize closets and laundry area. Included is one car garage parking and private storage area. Please see the photos- this place will put a smile on your face. Oh yeah... and its 2590 sq. ft. and the place shows like a gem.
$865,000 

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November 18, 2014 @ 4:29 pm

2015 Philly Condo Market Forecast

Is it time to be a seller??


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So where are we in terms of value retention and return? Have we fully recovered from our last downturn? Just What Can We Expect For 2015?

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November 10, 2014 @ 4:40 pm

Ten Rittenhouse Condos Philadelphia

Mark speaks casually about his thoughts on the newest addition to Rittenhouse Square- Ten Rittenhouse (aka- 10 Rittenhouse). These condominiums are located at 130 S. 18th St. in the 19103 zip code. Strong fit and finish, a variety of sized units and a very strong address make Ten Rittenhouse a premier destination for those looking to live in the heart of the Center City Philadelphia condo district.

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Mark Wade 

BHHS Fox and Roach Realtors CenterCityCondos.com 215.521.1523

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November 10, 2014 @ 4:27 pm

The Ritz Carlton Condominiums Philadelphia

My two cents on one of the most desirable condo buildings in the City of Philadelphia- The Residences at The Ritz Carlton at 1414 S. Penn Sq. across from city hall.

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Located in the 19102 zip condo of Center City, The Ritz Carlton condos offer a variety of sizes and price ranges. One of the hottest selling condo buildings in town...and for good reason.


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November 10, 2014 @ 4:19 pm

The Murano Condos at 2101 Market St. Philadelphia

A new construction high rise condo building as of 2005, the condominiums at The Murano offer a variety of sizes and price ranges. 
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The Murano is located within the 19103 zip code and demand has proven to be strong over time for condos at the Murano in Philadelphia.


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October 31, 2012 @ 10:30 am

Two Hot Selling Philadelphia Condominiums Fall 2012

Waterfront Square and Ten Rittenhouse Square are holding their own in the Philadelphia Condominium market in terms of sales this fall 2012! 


 

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September 25, 2012 @ 11:23 am

Fixed Price Condos in Philadelphia

Mark talks about the ups and downs of pricing policies, such as "fixed pricing models" that have been seen in some Philadelphia Condos...two examples are Locust Point at 25th and Locust and Hawthorne Loft Condos at 712 S. 12th St. 


 

A lot of buyers are used to negotiating so they may have a tough time getting used to fixed pricing models, but if you know your market you will realize that fixed prices are always aggressive and generally are not inflated. 

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September 25, 2012 @ 11:16 am

Drama When Buying a Philly Condo

A lot of folks think there needs to be fighting and drama to be a winner when it comes to a Philadelphia Real Estate transaction. This isn't necessarily the case. Generally speaking, condo buyers always want to pay less and sellers think they deserve more, but when it is all said and done, there is usually no reason for drama when purchasing a Philly condo




This isn't to say that it never happens. There is always that occasional Philadelphia Condo seller or buyer that picks apart every line of the agreement of sale...these are not my favorite deals but we get through them only to realize there was no need to get our panties in a bunch after all! 

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September 25, 2012 @ 11:07 am

Philadelphia Condo Repairs vs. Credit

Every Philadelphia condominium agreement of sale comes with a home inspection contingency. Every home inspection reveals some sort of defect...be it a double tap, water stain, burner that doesn't ignite, etc...most Philadelphia condos for sale are used and have been lived in. There is no such thing as perfection. 




If you have the option of taking a credit, or having the seller repair items- 
GO FOR THE CREDIT. Because more often than not, 
you or your contractor may not like the way the seller does the repair. 
Then we all have a problem….
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September 25, 2012 @ 11:03 am

Center City Condos With Super Low Condo Fees

I am always shocked when I go on a listing appointment and a seller rants and raves about how low their Philadelphia condo fees are, and how fabulous and wonderful that is...If all your condo fees are paying for is water, sewer, the 6 light bulbs in the hallway, and master insurance...and you folks are not putting money away for repairs, upgrades, and maintenance...this is killing the resale value of your condominium.


If the front door doesn't close properly, the hallways are dirty, there are warped boards on roof deck, 
and peeling paint on the exterior windows, buyers will think your condo is a piece of crap! 

You get what you pay for...

Like children, cars, and nice clothes, your Philly condo needs maintenance to retain it's value. 

My advice is to get on the board and vote to raise those condo fees to put money into your building 
because a buyer's first impression is made before they even walk into your unit. 


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