Relevant Commentary, all information Philly (real estate and otherwise), Open Houses, Listings, Happenings, and More — by Jeff “City” Block
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This Insane Spring Housing Market
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I am preparing to put up about six new listings (plus several more as Private Exclusives). Now how does that make sense when I keep saying that Philly’s housing inventory is historically low? Well let’s see what happens and how fast these sell. Part of the low inventory is the historically low Days on Market to match. Things are selling fast. Now not everything, mind you. When we talk low DOMs, we are really referring to an average. Some properties sell before they hit the market, some in a few days, some in a month or two (which seems long now but really is not), and yes, some, for various reasons, hang on the market for more time. It does not mean there is something wrong with such a home, by the way. It could be how it shows. It could be particularly unique features or layout (eventually, there is a lid for every pot), it could be the location, and it could be (almost always is) the price. But I am selling most homes very quickly right now. VERY QUICKLY!
And if you prefer a brief summary to the full 17 page report, here it is from Philly Mag.
And while this report just covers Greater Center City, West Philly and the Northwest are just as hot, as are other neighborhoods throughout the city.
Have a great week. I am taking a family day today (starting off with some 5-year old Tee Ball, Go Mt Airy Baseball, Tee-Ball Cubs) and then all work tomorrow. I hope you get some time to chill out as well.
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In-Person Open Houses are (safely) Back!*
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Sunday 4/18 will be a special Brand New Listing Open House in Passyunk Square, hosted by CBT agent Deannah Shaheen where you can enjoy complimentary water ice and ice cream from John’s Water Ice Truck, which Deannah has arranged just for this event. Property address will be announced next week!
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*For everyone’s safety, all Open House attendees, including the hosting agent, are required to wear facemasks, and to complete the COVID health screening questionnaire prior to attending City Block Team Open Houses.
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1810 Rittenhouse Square, Unit 503
BRAND NEW LISTING
Studio | Lovely Space | Full Service Building | Shared Roof Deck | A+ Location
$230,000
Perfect views overlooking Rittenhouse Square and the Philly skyline–right at the tree-tops. This updated studio has lovely space, light, the best views, and convenient living in one of Philadelphia’s premier addresses.
And the location speaks for itself — The Square is your outdoor space. Walk to the City’s best restaurants (and take out options), coffee shops, bakeries, shopping, and everything.
The Rittenhouse Savoy is a full service building with 24 hour desk person, on-site professional management and 24 hour maintenance. Shared roof deck. Fitness Center ($30/month additional). Condo Fee includes ALL utilities and basic cable. A most beautiful residence in the A+ location. Multiple PARKING options within 1 block.
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(Safe) Philly Fun This Week
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Cherry Blossoms in Philadelphia
Peak bloom time is here for Philly and beautiful cherry blossoms are at their best! Horticulturalists at Shofuso Japanese Cultural Center and Morris Arboretum anticipate that peak blooms will begin this weekend in Philly and last till the 16th. If you’re looking to enjoy these gorgeous displays of pink, purple, and white, here is a list of the ideal spots in the city.
Pair your outdoor exploration with a stop at Parks on Tap (see below) or a virtual event from Shofuso (Saturday).
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Parks on Tap at Fairmount Park Horticulture Center
Parks on Tap, Philly’s traveling beer garden, pops up in some scenic spots this season. The garden will be in Fairmount Park this week with socially distanced fun and a fantastic viewing location of some of the park’s cherry blossom trees.
For most of April, Parks on Tap will be outside the Horticulture Center. There you can find comfortable seating, live music, and clean restrooms.
Some specials this month include pours from Two Locals Brewing and Japanese-inspired fare to complement the cherry blossom trees.
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Northern Liberties Restaurant Week
(April 9-18)
This Friday kicked off Northern Liberties Restaurant Week where diners can score multi-course fixed-price meal deals. 20 restaurants and bars offer specially priced two-course lunches for $10 and $15, plus three-course dinners for $15, $20, and $25. Participating businesses include:
Book a table indoors or out, and pop on a mask to enjoy these delectable deals.
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4 Bed | 4.5 Bath
$1,275,000
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Mount Airy
New Construction
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4 Bed | 2.5 Bath
$675,000
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250 S 17th Street, Unit 100
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3 Bed | 2.5 Bath
$525,000
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624 S 42nd Street
BRAND NEW LISTING
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4517 Springfield Avenue
BRAND NEW LISTING
5 Bed | 2.5 Bath
$450,000
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4617 Pine Street, Unit H210
4 Bed | 2.5 Bath
$449,000
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1810 Rittenhouse Square, Unit 503
BRAND NEW LISTING
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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.
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Some imagery in this e-newsletter was sourced via Visit Philly, UWISHUNU Philadelphia, and Canva.
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