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Where Have all the Condo Listings Gone

By
Real Estate Agent with HomeStarr Realty RS143922A

delaire landing

Where Have all the Condo Listings Gone

Today I received a call from and out of town buyer  Well not really Born and raised in good old Northeast Philadelphia but his father still lived here . His father  was in his mid seventies still active and working   The buyer was now living in the mid west but wanted to come in this weekend and look at condos for his dad in Delaire Landing    They had read my market reports and decided it was a much better idea to buy in today's market then to rent . After a nice conversation we agreed that I would set up several condos and would meet at my NE office on  Sunday

I immediately went to the computer to set up appointments and low and behold all the listings were pending or under contract . There was one available but it was a third floor  Quite a lot of stairs for me . I could not imagine someone in their mid seventies wanting to walk up three flights of stairs .

Calling back the buyer we were both amazed at how quickly everything had gone under contract . I do have a listing that will be coming soon as the term is stated . I explained some details  need to be worked on before it is put on the market . I am going to meet the sellers tomorrow.  I will have more information and will speak to the buyer  and let him know the status .

Here is a quick reminder for those of you that think market reports are boring . The public does not . They read our market reports and call us when looking to buy or sell .

It is the end of May 2015 and it seems that our condo listing  market is depleted .

Where have all the listings gone .

 

If you are looking to sell your condo please call me I have a list of very interested buyers

again I am going to repeat myself

 

If you are a seller and interested in selling please call me I have many interested buyers

 

 

Hannah Williams

                                                                               hannah williams

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Re/Max Eastern

 215 953 8800

215 953 8818

 cell anytime  215 820 3376

HannahRemax@GMail.Com

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Hannah Williams is known throughout Philadelphia as HelpfulHannah – and if you’ve spent more than five minutes with her, you know exactly why. She’s an expert at anticipating people’s needs, she has a real feel for real estate, and she’s an accomplished problem-solver.

Hannah has been helping people buy and sell homes all over Philadelphia since 1984. Many of her clients purchased their first, second and even third homes with her expert help, and Hannah wouldn’t have it any other way.

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Susan Nealey
Coldwell Banker Realty - Annapolis, MD
No Pressure! Ever!

Send them down to Baltimore!  we have a ton of them that cannot be sold because they are no longer approved due to too many foreclosures.  Ugh....

May 22, 2015 03:59 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Paul S. Henderson, Realtor  I also enjoy doing market reports .In fact just today I received another call from a buyer in another area looking for a single family home . They also called from a market report I had done .

John Enxing  If I know of anyone I will send you a referral .

Thank you for taking the time to comment

Hannah

 

May 22, 2015 06:00 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Susan Nealey  we had that problem here for awhile but things are looking up now .I hope things pick up in your area .  Are you writing your market reports ?

Thank you for your comments

Hannah

May 22, 2015 06:30 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Hannah WOW that is amazing.  Hopefully you will find a condo that will fit this Buyers needs.

By the way mid seventies does not seem very old any more.  They are not as far away as I would like any more :) :) :)

May 22, 2015 07:08 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hannah, I think you sold them all.

May 22, 2015 09:13 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

George Souto  Now that I think about it you are absolutely right about the mid-seventies not seeming that old .  I went on a listing to day but there are several issues that need to be cleared up . I did however find one by sheer luck

Noah Seidenberg  keep that thought . Maybe in the near future but there are way too many  .. I do like your way of thinking

Thank you for your comments

Hannah

May 22, 2015 09:27 AM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Hannah ... great post and here in Vegas we have to be very careful buying condos. Many condo complexes where converted apartment buildings which have litigation attached to them 

May 22, 2015 10:28 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Robert (Vegas Bob) Swetz  These condos are waterfront gated communities and have been built in the seventies .They are stable communities and very desirable .Nice to see your face . Market reports work even though I know you think they are boring . The public does not .

Thank s for taking the time to comment

Hannah

May 22, 2015 10:33 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Hannah

Your customer is lucky to have contacted you . . . .  you can sell him the next condo that comes onto the market in Delaire Landing Condo's in North East Philadelphia.

Good luck and success.

Lou Ludwig

May 22, 2015 10:50 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Lou Ludwig   I am really lucky also I found a condo that is not on the market yet sheer luck  when going to visit a client .

Thank you for taking the time to comment

Hannah

May 22, 2015 11:06 AM
Barbara Altieri
Better Homes and Gardens RE Shore and Country Properties - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Hannah Williams I am with you on the market reports. We have condos at the high end sitting and those lower are moving.  Then next week it might reverse. I just can't make sense of what if happening any more.

May 22, 2015 12:49 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Barbara Altieri  Market reports are so important .We must continue to write them to allow the public to see what is going on in the marketplace today

Thank you for your comment it is greatly appreciates

Hannah

May 23, 2015 01:29 AM
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Hannah, our market has turned as well. I have clients just waiting for those new listings that match their requirements.

May 23, 2015 08:49 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Mike Frazier  I have buyers also waiting  . Funny how fast the market can change in just a few years  .

Thank you for taking the time to comment

Hannah

May 23, 2015 09:35 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Hannah --  you're right --- things can move quite briskly...here's hoping you can find something for your buyer and his Dad.   

May 25, 2015 01:48 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

I had the opportunity to speak to owners in the development that I knew Michael Jacobs  One had a rental property that she was interested in selling the other was an older gentleman who had just moved to an assisted living quarters Neither of these units were listed but they allowed me to show  Both owner said when ready were anxious to list and would call . Good relations were accomplished

Thank you for taking the time to comment

Hannah

Happy Memorial Day

May 25, 2015 02:04 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

We have the same problem here. A huge shortage of inventory in the medium-priced bracket. Sellers take note. Buyers are out there.

May 25, 2015 04:32 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Hi Jane Peters  I hope sellers are reading this . I have buyers ready to buy .I need listings to sell .  By the way Jane I love your new picture it is very flattering

Hope you are enjoying your Memorial Day Weekend

Thank you for your comment

Hannah

May 25, 2015 06:18 AM
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Same thing happening here in Naples.  I have a huge list of people I will contact just as soon as something becomes available.

May 26, 2015 07:37 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Chris and Dick Dovorany  I have a client moving to Florida .She is looking to buy on the East Coast . She thought she might rent for a year before buying . I told her not to postpone for another year or she would price herself out of the market .

Thank you for your comment

Hannah

May 26, 2015 12:02 PM