Real estate update, our new and current listings, and Philly happenings. If you’d like to discuss real estate or anything in this newsletter please send me an email: [email protected] This edition of Around the Block was originally published on Friday, 4/29/22.
Relevant Commentary, all information Philly (real estate and otherwise), Open Houses, Listings, Happenings, and More — by Jeff “City” Block
Inventory remains really light (in most segments of the market and most neighborhoods—not all).
Interest rates are as high as they have been since the Aughts (6% interest rates sure did not slow that market down—though the Great recession ultimately did, and then some).
However, as I discussed in the March 18th ATB, the Philly market spring paradox means that while inventory is light, things are as busy as ever. Many homes are selling quickly with multiple offers while some actually remain on the market.
In Philly as a whole, Q1 2022 was actually quite similar to Q1 2021, though it varies by neighborhood. Keep in mind, however, that the relatively small sample sizes of each neighborhood mean that the statistics reflected do not necessarily indicate that one neighborhood is actually hotter than another. For example, Q2 could just as likely show a different story for each neighborhood.
Also, if your neighborhood is not shown, or if you want to break down some details in a different way or by micro-neighborhood or even block, please let me know. I can run a custom analysis for you.
Thank you and have a great weekend.
As always, please know that I’m humbled by and appreciative of your introductions and referrals. If you have a friend, colleague, or family member that is in need of Expert Real Estate Representation, please have them contact me.
Be assured, I will do my best to exceed their expectations! Thanks for taking the time to read this issue of Around the Block.
1629 North Street
Brand New Listing
3 BD | 3 BA | 2,520 SF | Finished Lower Level | Rear Patio | Deck-ready Roof |
Garage Parking | $925,000
On a beautiful, tree-lined, neighborly block–20 foot-wide, south-facing 3 bedroom, 3 full bath home with spacious finished lower level and GARAGE PARKING. Beautiful condition, including a gorgeous 2019 renovated kitchen.
Located on a most neighborly, quiet tree-lined Spring Garden neighborhood block, this home has a lovely rear patio and a pilot house to a deck-ready roof with Center City skyline views. High ceilings, hardwood floors throughout.
The open main living floor with fireplace and spectacular light is where you can really feel the 20′ width (it makes a huge difference compared to most townhomes).
All three bedroom have an en-suite bath.
The finished Lower Level has room for a home theater, playroom, office, and ample storage. Throw in a sofa bed for a 4th bedroom/guest room.
All this located on a most desirable block that is an easy walk to everything the Art Museum area (Whole Foods, Target, great restaurants and coffee shops), and Center City have to offer.
Last Friday, the central segment of the Delaware River Trail opened up for walkers, joggers, and bikers. The path is a 3.4-mile protected bike lane and paved pedestrian trail that runs from Washington Avenue to Spring Garden Street. Along the trail, there are also awesome waterfront hotspots like Morgan’s Pier, Penn’s Landing, and Cherry Street Pier.
One awesome Delaware River waterfront attraction is Morgan’s Pier which just opened for the season with a lineup of live music and drink options including draft beers, specialty and frozen cocktails, and wine. Also enjoy a tasty food menu that includes flatbreads, multiple snacks, sandwiches, and seafood.
Want an easy way to visit Philly’s historical and cultural attractions? Then hop on the Philly PHLASH Downtown Loop. It’s only $2 per ride or $5 for an all-day pass. Also, SEPTA pass and SEPTA Key holders ride free! Service runs every 15 minutes from 10 am to 6 pm and some of the stops include:
Head to the outside of The Weitzman National Museum of American Jewish History to see a new clever installation created by artist Deborah Kass. The installation is all about perspective and shows the word “YO,” from one side, which is a familiar Philly greeting and interjection, and on the other side, you see “OY,” as in “Oy vey,” a Yiddish phrase expressing dismay or grief.
Check out the hilarious, relatable play at Theatre Exile, “Today is My Birthday.” The comedic play created by Susan Soon He Stanton tells the story of a woman with no one to hang out with on a Saturday night despite having 1,000 Facebook friends.
Watch an incredible performance of Giacomo Puccini’s operatic masterpiece La boheme at the Academy of Vocal Arts (AVA). The show takes place in 1830s Paris, and follows the story of a poor seamstress and her circle of artistic friends. Catch one of The AVA’s four evening performances at their Helen Corning Warden Theater before the show is taken on the road.