Asking VS. Sale Price 2019 | Sweeten Your Offer-Not The Price    
Spotlight -  Independence Place Condominiums
Your Center City Condo Newsletter ~   January 2020
Center City Sales - A Decade in Review 

Top Price in Center City - Decade in Review
Philly Sales - Decade in Review

Stats above include closed residential sales information from the MLS from 
Jan 1 - Dec 31 of each year listed in the following zip codes: 
19102, 19103, 19106, 19107, 19123, 19125, 19130, 19146, & 19147. 

Click on the charts above for a larger view. 

How can buyers sweeten their offers
in lieu of a higher price?

It is NOT always dollars and cents that prompts
a seller to sign an agreement of sale...

*Shorten your settlement date-especially if the home is vacant.
*Shorten your home inspection period to 7 days instead of 15 days.
*Put more money down (to be held in escrow) to a full 10%.
*Add an "AS-IS" clause which will still allow you to inspect and cancel the deal within the time frame permitted.
*Write a really nice note about how much you love the seller's home and why you are buying their home.
*If a property is vacant but still has unwanted clutter and dirt-tell the seller you will buy the home as it sits today.

Many things in a real estate transaction are not logical, they're emotional. Sweeten that emotional pot and you might find you'll save a few dollars.

It happens more often than you think!

2019 Asking VS. Sale Prices

It wasn't demand that capped the activity in Center City, it was the lack of inventory. Check out the monthly breakdown of list price vs. sales price throughout 2019*.

*Time frame is from Jan 2019 to Dec 2019
MLS Areas in this list: 19102, 19103, 19106, 19107, 19123, 19125, 19130, 19146, 19147
Property Type is 'Residential' ~ Results calculated from 4,005 listings

Spotlight- Independence Place Condominiums at 233-241 S. 6th St.

The condos located at 233 and 241 S. 6th consist of two different buildings (Tower I and Tower II) and are two different condo associations that share a common entrance, driveway, rental parking garage, and front door staff.  The buildings are two peas in the same pod in my opinion. Located right on Washington Square Park, Independence Place offers a variety of sized units and are deemed to have an edge, in terms of location, to many newer buildings in town. Most of the condos have balconies and in-unit washers & dryers. Closet space is viewed as being superior within the buildings and the exterior look/curb appeal is fantastic. Tower I residents have assigned storage lockers and Tower II residents have deeded storage lockers. A
 bicycle room is located in Tower II. The buildings house condos from one bedroom units to huge bi-level penthouses. There are a few one bedroom plus "niche" units (which many owners have converted into an office or den). The hallways in the two building have recently been upgraded and are visually attractive as well as very clean. There are a number of Realtors who live in the building- which I think speaks volumes as to the appeal of the condos. Value retention, demand, and management seem to be above average when compared to many other similar buildings in town. The buildings were built in the early 1980's and are appreciated for their floor to ceiling windows and great views, among other things. I have sold probably a dozen units in the building over the years and my buyers have seemed to be happy with the decision to live at Independence Place. Bonus tip - Alison from the management office is very helpful :-) 

Learn more about Independence Place Condos on my website:
Mark Wade 
Yeah, that photo is like a decade old.
Saturday AM is my favorite time of the entire work week.
No office work and a full day of looking at some
really cool condos around town.
It just never gets tiring....

BHHS Fox & Roach Realtors
Still hasn't fired me after 31 years of being with the
Society Hill Office
Go figure.
215.521.1523 direct
The truth is that you'll never get me on either of those numbers. 
So try my cell 267.237.3404

The best time to reach me is in the AM 
when I'm hopped up on four
cups of Dunkin Donuts Coffee.