Philadelphia Real Estate Rants and Raves! Here you can listen to exciting info about Philadelphia Condos, from high-rises to low-rises and everything in between, by Real Estate Professional Mark Wade. A member of the Greater Philadelphia Association of Realtors, Mark is a condominium expert that has been the front lines of The Center City Philadelphia Real Estate Market since 1989 | www.CenterCityCondos.com | 215.521.1523
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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.
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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Is it time to be a seller??
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.
Mark Wade
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.
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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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.
Waterfront Square and Ten Rittenhouse Square are holding their own in the Philadelphia Condominium market in terms of sales this fall 2012!
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 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!
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.
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There is an interesting phenomenon in Philadelphia real estate called "REO's" aka Relo's" aka "corporate owned" properties. In the 1980's I specialized in Real Estate Owned Philadelphia condos. This is bank inventory that can be acquired in a number of ways. REO's are a close cousin to foreclosures.
Located in the Old City/Society Hill section of Center City Philadelphia, these condos are new(er) construction condo that were built around 2005. One unit per floor with a huge two story luxury penthouse!
The Rittenhouse Plaza is The only real pre-war high-end co-op building in town. Sits on the north side of Rittenhouse Square and was built in the late 1920's and retains many nods to the Art-Deco style inside and out. Value per square foot is not negatively affected by the fact that it is a "co-op" instead of a condo and taxes are included in the monthly fee.
Mark discusses the results of the auction of 40 units at The Phoenix Condominiums in 2010.
Located on the corner of Washington Avenue and 11th Street in the Bella Vista section of Center City Philadelphia, The Lofts at Bella Vista are a wonderful addition to this thriving neighborhood! Just two blocks from the Italian Market, BV Lofts offer a wide range of condominium sizes, shapes, and designs. Impressive penthouse units, and MIND BLOWING Villa units, which sit atop this historic building, are a real Must-See for those entering the Philadelphia condo market!
Indoor garage parking, high ceilings, and modern common areas make this building very attractive and desirable for all price ranges for many Philly condo buyers. High end modern and attractive finishes like polished concrete floors, along with a tax abatement, 24-hour door person, and wonderful city views all add up to a strong mix which should pique the interest of a wide variety of Center City condominium buyers!
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Two buildings (233 S. 6th and 241 S. 6th)- Most buyers comment on the great light, generous balconies, and love the location on Washington Square. Rental parking in basement of condo isn't cheap, but is available. Common areas viewed as kinda' modern- not dated at all.
Listen to Mark discuss what it's like to live in two desirable Center City neighborhoods: Rittenhouse Square and Fitler Square.
Fitler Square is actually a pocket neighborhood situated in the Rittenhouse Square Area. Popular, groovy neighborhoods...2 very neat places to live in town. Wide variety of condos and townhouses available. Very urban, densely populated neighborhoods close to restaurants, theater, and shopping.
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