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August 2006

There are 4 blog entries for August 2006.

Notable Price Reduction

2026-2030 Chancellor Street - $550,000 (was $575,000) This is a spectacular carriage house condominium at one of the best addresses in town. Just a block off the square, you have a completely renovated unit featuring all of the finishes you would expect. Beyond the usual 10-year tax abatement, the developer convinced the city to add another 3 years, for a total of 13 years. Best of all, the unit has a 1-car attached garage. At about $550/sq.ft., this is one of the best deals in town.  The most recent sale on the street (less than one year ago) sold for the same price per square foot and needed to be completely renovated. As the market is changing, most buyers are starting to negotiate more aggressively. However, the smart ones…
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South Bridge - a breath of fresh air (literally) at 700 Schuylkill Ave

If you ever find yourself around the South Street Bridge, you've no doubt been staring at the blight of a building that used to house some of the administration for the Philadelphia School District. However, thanks to Switzenbaum and Associates (along with Venturi, Scott Brown and Associates), this perpetual eye-sore is being turned into one of Philly's most exiting renovations. Aptly named South Bridge, the building is exhibiting some of the most forward thinking and green architecture that Philadelphia has yet to see. Just some of the amenities:
  • 1-car parking included with every unit and you park on your floor
  • A "green" roof garden available to everyone in the building
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Glut in the Philadelphia Real Estate Market?

There has been a lot of discussion in the media about a glut of condos and townhomes in the Philadelphia real estate market.  To help answer this question, I took a look at data from May and June for the Rittenhouse Square area (zip code 19103). The graph below shows the number of active listings on the market for the two months. Conclusion? Though it may feel as if there is quite a bit more inventory out there, the numbers say otherwise. Home and condo sales in the city are continuing at a good pace, even if somewhat slower than the frenzy of the past few years. When you factor in the seasonal lull that typically occurs during the summer, this assertion is even more strongly supported. So what does this…
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About us

Noah Ostroff & Associates Logo/aPhillyLiving.com is the brainchild of Noah Ostroff, a real estate agent with Coldwell Banker Preferred in Center City Philadelphia. Frustrated with the limitations on most websites available to his customers, Noah created Philly Living in order to give not just his customers, but all of Philadelphia, a great real estate experience. The most differentiating aspect of Philly Living from the many other websites out there is simply that we make it easy to find the properties and information that you want. Our goal is to provide the most real estate information to the Center City community - even to those people who may never choose to use our brokerage services. We don't believe that you should have to fill out long registration forms just to…
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