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Market Conditions in 19146 : Real Estate Advice

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  • Local Info5
  • Home Buying19
  • Home Selling4
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Activity 5
Fri Nov 7, 2008
Renee Porsia answered:
A few hours ago Julie said:
Really none of you answered the question I asked, which was "how many (if any) properties have sold in the neighborhood that have settled for more than $700K?
So, instead you all thought it best to give me a bunch of bland advice about using a realtor? Don't be silly. Of course I have a realtor, and the generic advice you've given me is less A) than I already know and B) than I could easily find on the internet.
I wouldn't use a realtor who answered with such inane "advice." I would imagine that anyone looking at a home that was priced more than $700K would already be pretty sophisticated about what we know. If you want to gain clients in that range, you all need to be really listening to what they are asking of you, not just regurgitating the latest internet dribble.

Hi Julie.

Though I respect your honesty, I have to say that I am a bit offended. You asked a few things such as "does anyone have a sense for how many (if any) properties have sold in the neighborhood (19146) that have settled for more than $700k? Well, any Realtor on this site can provide you that answer by simply going to the MLS and looking and that would be just "regurgitating the latest internet dribble" as you put it because to answer your question thats would what we would have to do to look at the numbers and give you those statistics.
Then you made a few "statements" such as "the only one I can think of is on the 1800 block of Kater. Obviously the closer you get to Rittenhouse, the more likely it is that this will happen-but there is a house on Bainbridge currently priced at 900k-and some priced in the neighborhood at $700k on Christian. I know there were a couple of houses on the 15/1600 block of Christian that were priced really high." So there really isn't an answer we can give you for statements.
And then finally you ask one last question "anybody have thoughts on whether the high end market in this neighborhood is worth it?"
And my answer to you was that I would need more information on a particular property that you are interested in so that I can do research and compare because I didn't want to just regurgitate the latest internet dribble (as you put it) to you. I actually wanted to do homework to give you an intelligent, thoughtful answer.

A question I have for you is ... you said you have a Realtor. Why not just ask your Realtor.

I am sorry you felt that our answers were "inane."

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office ask for Renee
http://www.reneeporsia.com
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2 votes 5 answers Share Flag
Tue Aug 19, 2008
Em answered:
As a Philly resident for over 30 years, I would say that it is NOT *right now* and therefore I would stay away. You are better off in Ambler for a plethora of reasons.
0 votes 3 answers Share Flag
Wed Aug 13, 2008
Joe White answered:
Anthony,

Take a look at the new Penn Rehabilitation Center on the site of the old Graduate Hospital. What's their sign say? "Rittenhouse South".

So the old Graduate Hospital designation is changing. It'll be interesting to see this evolution. But my long term investors are now buying even below Washington Avenue, including Grays Ferry and Point Breeze.

If you'd like to stay ahead of the curve, hit me up - MoveSmarter@CBPref.com
... more
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Sat Nov 10, 2007
Pam Winterbauer answered:
A rent increase of 10% or higher would need a 60 day notice. My guess is the owner may be considering it is under market and attempting to catch up to the market. A quick rental survey would be in order. You can do this my checking local paper or online version or craigslist to see if your rent is in order. ... more
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Thu Nov 8, 2007
Diane Glander answered:
The landlord can only increase the rent when the lease is up for renewal, not during the term of the original lease. The landlord must give you notice (at least 30 days) before increasing your rent and the increase has to be reasonable and within fair market value . ... more
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