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stats: Are Buyers Starting to Re-Emerge? - 09/23/10 12:00 PM
The summer of 2010 will be remembered by folks in the real estate business as a long vacation from serious, qualified buyers. Since the tax-credit deadline of April 30th, the number of active buyers in my market, Philadelphia, has been very slim, and I've heard similar stories from people in other parts of the country. This has been great for the few serious buyers who were looking this summer - they were able to negotiate great deals in a once-in-a-lifetime buyers' market. On the other hand, sellers have been having a very tough go of it the last few months with … (2 comments)
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stats: Philadelphia Investment Market Stats - Week 3 - 03/01/10 12:55 PM
Due to the fourth big snowstorm of the season I'm a few days off track and didn't get these stats up last Thursday. However, I compiled them and snowstorm now they're ready for your review. The next installment will be coming out this Thursday, the 4th, at which point we'll have four consecutive weeks worth of data.
From this data-set one happy trend that I see is that inventory levels are dropping steadily for both shells and 2-4 unit properties. Inventory measures the number of sales relative to the number of active listings and gives an idea of whether buyers or … (0 comments)
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stats: Philly Investment Market Stats Week 2 - 02/18/10 12:31 PM
See below for my second installment of Philadelphia Real Estate Investment Market statistics. While two weeks of data is certainly not enough to start analyzing trends, there are a few interesting observations to be made in these numbers. First it's clear from the variation from week 1 to week 2 that with such small sample sizes just a couple of new sales or listings can greatly affect these numbers. Also clear, and supported by my experience on the ground, is that smaller properties are selling quickly if they are priced right and larger properties are taking much longer to transact. Notice … (0 comments)
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James Yoakum, SFR
Philadelphia,
PA
More about me…
Brown McKinney Real Estate Company
Address: 1733 Spring Garden Street, Philadelphia, PA, 19130
Office Phone: (215) 825-2250 x 1002
Cell Phone: (267) 496-7739
Email Me
Observations from my work in the wide world of real estate with a frequent focus on the Philadelphia market.
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