Looking at the Trulia's market trends data.

http://www.trulia.com/real_estate/Manayunk-Philadelphia/5800…

This market has increased 36% in 5 years--that's called a bubble--so it seems there is a lot of room for prices to fall further. Good Luck

Jkandem,

Probably because they are under contract to continue to build. That would be my guess but just because a builder sets a price for their new construction doesn't mean that's what its worth. That's why buyers need to hire their own buyer agent and never go through the builder but many home buyers are not aware that they can have their own buyer agent negotiate for them. Many buyers just go look at new construction because they were simply driving by never knowing that they are giving up their rights to private representation because once you go into a new construction home or development without your Realtor the first time, the builder won't allow you to have your own Realtor which in my opinion is wrong on so many levels.

If they are not selling its because they are priced too high and if I had a buyer looking there, I'd try to negotiate as low as I possibly could for them.

Renee Porsia
Associate Broker
RE/MAX ACTION
(215) 669-0589 Direct
(215) 358-1100 Office
http://www.reneeporsia.com