April, 2013

Real Estate News
 

Philadelphia Real Estate is on Fire!

     

 
Since early March and now into the Spring market, and properties are flying off the shelf at a super fast brisk pace.  Even listings that have not sold in 6 months are going pending.  What is going on?  Simple - our local real estate market is on fire!!  Inventory is super low, buyers are feeling confident and interest rates are at 60 year lows.  Multiple offers are back and we have quickly turned from a buyers market to a sellers market.
 
Renters, instead of renewing inflated leases, are opting to buy as the pent-up demand is being unleashed.

 

Many sellers should not wait until spring (

view our timeless blog) as the prime opportunity is now before AVI hits next year as well as being up against more listings.
 
Personally, we sold 3 of our listings that have been on the market for less than a month in the last week and have seen similar statistics for other listings in Northern Liberties,Fishtown and Old Kensington as well as all over the City of Philadelphia!
  

In taking a quick glance of inventory in Northern Liberties for example, there are only 15 properties on the market between $300K and $400K

(I took out one condo building's listings as they do not count anymore).  And of the 15, several are condos, and two are Active-O (pending) meaning the seller has instructed showings to continue until a contingency is finalized or the listing agent still wants to get leads from Zillow or Trulia during that time and confuse consumers.

 

Read more about activity in 19125 and we encourage you to seriously consider if NOW is the right time for you to jump in whether buying or selling.  Our quick answer is YES! 

Tip Jar

    

The How and Why to Staging a Home

  
Today's guest post comes to us from Paul Benjamin, a District Manager at EZ Storage.

 

 

Today's selling market is rough. Though house prices are starting to rebound, the environment remains extremely competitive. Staging your home is an excellent way to help your house stand out, catch the attention of potential buyers, and ensure that it sells for a good price. Whether your house is vacant or still furnished, there are multiple ways to make your house look more attractive and inviting to as many potential buyers as possible. Read on to find out why you should stage your house and to discover some quick house staging ideas.

 

What are the advantages of house staging?

 

Staging your house helps it sell faster and at a better price. While house staging can't make your house sell at a price above its worth, it serves as a sort of insurance against the price of the house being forced below its worth.

 

Selling your house in the current economy means having to compete with similar houses which are likely priced lower than yours. Your house needs to be presented as attractively as possible- and to the greatest number of

people.

 

Staging a house can be done relatively inexpensively (less than a thousand dollars!) and helps to neutralize a house. This is beneficial in eliminating quirks or specific stylistic choices that might put off some potential buyers.

 

Do you have an old bathroom or ugly carpeting? Home staging can also draw attention to a house's strengths while simultaneously downplaying its weaknesses. Staging a room to draw attention to a large bay window and away from old flooring is much cheaper than renovation, after all.

Get the 3 Quick and Inexpensive House Staging Ideas here and watch your home sell!

 

Paul Benjamin is a District Manager at EZ Storage, a self storage company serving the Philadelphia area for over 40 years.

 

 

Meet Your Neighbor

 

North Shore Beach Club
  

Have you been to the North Shore Beach Club in Northern Liberties yet? Come meet your neighbors and join already! As members to the only 21+ adult private swim club in the city for the last couple of years, North Shore has provided a great sanctuary for us and you can bet we will be there this summer.

 

Memberships are now on sale for Summer 2013. Last season sold out quickly, so don't wait. Check out the amenities below and see more of what North Shore is about in our video. See you in April!

 

Amenities:

* 1,500 Square Foot, 4.5 Foot Deep Pool

* Posh Cabanas With Personalized Service & Luxuries

* Balinese Lounge Chairs, Over-Sized Day Beds & Portable Sun Umbrellas

* Complimentary Plush Towel Service

* Shaded Hammocks

* Ping Pong Tables, Baggo & Other Games

* Upper Level Sundeck

* Air-Conditioned Men's & Women's Locker Rooms Complete With Showers & Bathrooms

* Cozy Fire-Pit Lounge

* Live Dj & Music Entertainment

* Complimentary Wi-Fi Coverage

* Poolside Office Center With Fax, Scanning & Copying Capabilities

* Poolside Food & Beverage Service

* Outdoor Shaded Bar & Restaurant

* Gift Shop Offering Specialty Sundries, Clothing & Spa Products

 

North Shore Beach Club Northern Liberties
North Shore Beach Club Northern Liberties

 

 Apply for your Summer 2013 Membership now!

 

 

  

The Somers Team
The Somers Team
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Featured Quote
  
  "You sort of start thinking that anything is possible if you've got enough nerve. "
~ J K Rowling    

Featured Listing

         

1133 N 3rd Street

 

This beautiful 5 year old 3 story brick home is ready for showings.

 

Features include: 

  • 3 bedrooms
  • 2 full baths
  • 2 decks
  • Rear patio
  • Ful 12' tall basement (easy to finish)
  • Pine hardwood floors throughout
  • Recessed lighting
  • Celing fans
  • High efficiency dual heat and air conditioning
  • Granite counters
  • Large bar area
  • Open living room
  • 2 large bedrooms with deck and hall bath on 2nd floor
  • 3rd floor master suite with extra large shower and private deck
  • 5 years remaining on tax abatement

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Featured Video
  
   
  
Enjoy this fun video of Northern Liberties from our friends at HomeJab.
  
Visit and 'like' their page and explore their database of videos for homeowners, buyers and real estate professionals. (including some of our listings)

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The Somers Team
1033 N 2nd Street, 5th Floor
Philadelphia, Pennsylvania 19123
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