Center City Philadelphia Real Estate Market Report www PhillyLiving com by bigpoppamust

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									                                        Center City Philadelphia

                                     Real Estate Market Report

                                                                   Q1 2007




                                                                                               www.PhillyLiving.com
                                                                                      David Friedman, Licensed Agent
                                                                                            Coldwell Banker Preferred
                                                                                            170 W Independence Mall
                                                                                        Suite L-44, The Curtis Center
                                                                                               Philadelphia, PA 19106
                                                                                            Ph: (215) 546-2700 x1053
                                                                                                   Fax: (267) 295-8264
                                                                                               dfriedman@cbpref.com



  Visit www.PhillyLiving.com for more market reports or to view current listings.

This report was created by David Friedman, a full service real estate agent.
David can be reached at dfriedman@cbpref.com or (267) 238-1053.


                 Based on information from TReND for the period 2001 through 2007
            c 2007 PhillyLiving - www.PhillyLiving.com (formally PhiladelphiaCityRealty.com)
                                                  - 1-
About this report
The Philadelphia Real Estate Market Report is a quarterly publication from PhillyLiving.com and David Friedman, a
real estate agent with Coldwell Banker Preferred in Center City. The report is the first and only report aimed at provided
an in-depth look at how the real estate market is shifting at the neighborhood level. Drawing on data from the local
multi-list system, the report offers settlement information months before the same information is available through city
hall.




About PhillyLiving.com
PhillyLiving.com is the brainchild of David Friedman, a real estate agent with Coldwell Banker Preferred in Center City
Philadelphia. Frustrated with the limitations on most websites available to his customers, David created the website in
order to give not just his customers, but all of Philadelphia, a great real estate experience.

The most differentiating aspect of PhillyLiving.com is 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 find out what is on the market. Nor do we
believe that just because you want to know how much that house down the street is listed for, you should be harassed
by some agent you’ve never met and don’t want to talk to.

PhillyLiving.com is built around a belief in good customer service and non-pushy sales. To that extent, we have created
a network of like-minded agents who help serve clients who decide that they are ready to buy or sell their home.
Openness, honesty, and great customer service are the hallmarks of their practice.

In short, PhillyLiving.com is about having a great real estate experience, whether you are buying and selling, or just
browsing to see what’s out there.

(Prior to April 2007, Philly Living was known as Philadelphia City Realty.)




                        Visit www.PhillyLiving.com for more market reports or to view current listings.

                     This report was created by David Friedman, a full service real estate agent.
                     David can be reached at dfriedman@cbpref.com or (267) 238-1053.


                                       Based on information from TReND for the period 2001 through 2007
                                  c 2007 PhillyLiving - www.PhillyLiving.com (formally PhiladelphiaCityRealty.com)
                                                                        - 2-
                             Table of Contents
Center City                                                                                          4
Center City East                                                                                     5
Center City West                                                                                     6
New Construction                                                                                     7
Condos                                                                                               8
Houses                                                                                               9
East Falls, Manayunk, Roxborough, and Chestnut Hill                                                 10




       Visit www.PhillyLiving.com for more market reports or to view current listings.

     This report was created by David Friedman, a full service real estate agent.
     David can be reached at dfriedman@cbpref.com or (267) 238-1053.


                      Based on information from TReND for the period 2001 through 2007
                 c 2007 PhillyLiving - www.PhillyLiving.com (formally PhiladelphiaCityRealty.com)
                                                       - 3-
Center City

                      Median Sale Price

                                                                                                   Median Sales Price
                                                                                              Quarter       Q1 2007   Q4 2006
                                                                                                -8%        $287,750 $315,000

                                                                                                Year              Q1 2007    Q1 2006
                                                                                                 +0%              $287,750   $291,000

                                                                                                   Composition
                                                                                        New Construction  20%
                                                                                            Condos        38%




    Number of Sales                               Days on the Market                                 Discount From Asking Price




        Q1 2007   Q4 2006                                Q1 2007         Q4 2006                              Q1 2007   Q4 2006
  -8%     678       745                        +6%         68              64                                  +4%       +4%




                  Visit www.PhillyLiving.com for more market reports or to view current listings.

              This report was created by David Friedman, a full service real estate agent.
              David can be reached at dfriedman@cbpref.com or (267) 238-1053.


                                Based on information from TReND for the period 2001 through 2007
                           c 2007 PhillyLiving - www.PhillyLiving.com (formally PhiladelphiaCityRealty.com)
                                                                 - 4-
Center City East

                      Median Sale Price

                                                                                                   Median Sales Price
                                                                                              Quarter       Q1 2007   Q4 2006
                                                                                                +5%        $400,150 $381,440

                                                                                                Year              Q1 2007    Q1 2006
                                                                                                 +13%             $400,150   $354,000

                                                                                                   Composition
                                                                                        New Construction  17%
                                                                                            Condos        51%




    Number of Sales                               Days on the Market                                 Discount From Asking Price




        Q1 2007   Q4 2006                                 Q1 2007        Q4 2006                              Q1 2007   Q4 2006
  +8%     179       165                        -13%         73             85                                  +3%       +5%




                  Visit www.PhillyLiving.com for more market reports or to view current listings.

              This report was created by David Friedman, a full service real estate agent.
              David can be reached at dfriedman@cbpref.com or (267) 238-1053.


                                Based on information from TReND for the period 2001 through 2007
                           c 2007 PhillyLiving - www.PhillyLiving.com (formally PhiladelphiaCityRealty.com)
                                                                 - 5-
Center City West

                       Median Sale Price

                                                                                                    Median Sales Price
                                                                                               Quarter       Q1 2007   Q4 2006
                                                                                                 -9%        $325,000 $359,950

                                                                                                 Year              Q1 2007    Q1 2006
                                                                                                  -14%             $325,000   $381,000

                                                                                                    Composition
                                                                                         New Construction  14%
                                                                                             Condos        38%




     Number of Sales                               Days on the Market                                 Discount From Asking Price




         Q1 2007    Q4 2006                                Q1 2007         Q4 2006                             Q1 2007   Q4 2006
  +18%     137        116                      +45%          81              56                                 +6%       +5%




                   Visit www.PhillyLiving.com for more market reports or to view current listings.

              This report was created by David Friedman, a full service real estate agent.
              David can be reached at dfriedman@cbpref.com or (267) 238-1053.


                                 Based on information from TReND for the period 2001 through 2007
                            c 2007 PhillyLiving - www.PhillyLiving.com (formally PhiladelphiaCityRealty.com)
                                                                  - 6-
New Construction

                       Median Sale Price

                                                                                                    Median Sales Price
                                                                                               Quarter       Q1 2007   Q4 2006
                                                                                                 -5%        $460,000 $490,000

                                                                                                 Year              Q1 2007    Q1 2006
                                                                                                  +0%              $460,000   $460,900

                                                                                                    Composition
                                                                                         New Construction 100%
                                                                                             Condos        77%




     Number of Sales                               Days on the Market                                 Discount From Asking Price




         Q1 2007    Q4 2006                                Q1 2007        Q4 2006                              Q1 2007   Q4 2006
  -49%     99         199                       -18%         92             113                                 +1%       +1%




                   Visit www.PhillyLiving.com for more market reports or to view current listings.

              This report was created by David Friedman, a full service real estate agent.
              David can be reached at dfriedman@cbpref.com or (267) 238-1053.


                                 Based on information from TReND for the period 2001 through 2007
                            c 2007 PhillyLiving - www.PhillyLiving.com (formally PhiladelphiaCityRealty.com)
                                                                  - 7-
Condos

                      Median Sale Price

                                                                                                   Median Sales Price
                                                                                              Quarter       Q1 2007   Q4 2006
                                                                                                -8%        $329,500 $361,950

                                                                                                Year              Q1 2007    Q1 2006
                                                                                                 -2%              $329,500   $340,000

                                                                                                   Composition
                                                                                        New Construction  42%
                                                                                            Condos       100%




    Number of Sales                               Days on the Market                                 Discount From Asking Price




        Q1 2007    Q4 2006                                Q1 2007        Q4 2006                              Q1 2007   Q4 2006
 -29%     214        304                       -20%         65             82                                  +3%       +2%




                  Visit www.PhillyLiving.com for more market reports or to view current listings.

             This report was created by David Friedman, a full service real estate agent.
             David can be reached at dfriedman@cbpref.com or (267) 238-1053.


                                Based on information from TReND for the period 2001 through 2007
                           c 2007 PhillyLiving - www.PhillyLiving.com (formally PhiladelphiaCityRealty.com)
                                                                 - 8-
Houses

                      Median Sale Price

                                                                                                   Median Sales Price
                                                                                              Quarter       Q1 2007   Q4 2006
                                                                                                -8%        $287,750 $315,000

                                                                                                Year              Q1 2007    Q1 2006
                                                                                                 +0%              $287,750   $291,000

                                                                                                   Composition
                                                                                        New Construction  20%
                                                                                            Condos        38%




    Number of Sales                               Days on the Market                                 Discount From Asking Price




        Q1 2007   Q4 2006                                Q1 2007         Q4 2006                              Q1 2007   Q4 2006
  -8%     678       743                        +6%         68              64                                  +4%       +4%




                  Visit www.PhillyLiving.com for more market reports or to view current listings.

              This report was created by David Friedman, a full service real estate agent.
              David can be reached at dfriedman@cbpref.com or (267) 238-1053.


                                Based on information from TReND for the period 2001 through 2007
                           c 2007 PhillyLiving - www.PhillyLiving.com (formally PhiladelphiaCityRealty.com)
                                                                 - 9-
East Falls, Manayunk, Roxborough and Chestnut
Hill

                      Median Sale Price

                                                                                                   Median Sales Price
                                                                                              Quarter       Q1 2007   Q4 2006
                                                                                                +0%        $230,500 $232,000

                                                                                                Year              Q1 2007    Q1 2006
                                                                                                 +5%              $230,500   $220,000

                                                                                                   Composition
                                                                                        New Construction   6%
                                                                                            Condos         8%




    Number of Sales                               Days on the Market                                 Discount From Asking Price




        Q1 2007   Q4 2006                                Q1 2007        Q4 2006                               Q1 2007   Q4 2006
  -6%     174       188                        -6%         38             41                                   +3%       +3%




                  Visit www.PhillyLiving.com for more market reports or to view current listings.

              This report was created by David Friedman, a full service real estate agent.
              David can be reached at dfriedman@cbpref.com or (267) 238-1053.


                                Based on information from TReND for the period 2001 through 2007
                           c 2007 PhillyLiving - www.PhillyLiving.com (formally PhiladelphiaCityRealty.com)
                                                                 - 10-

								
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