getting the band back together

it's been a while... lol

Sales check in

Since Jan 1, 2009 we have seen 13 closed condo sales in downtown PA> most of those were at the Woodmark/Weatherly/800 High st/101 Alma building. There are 5 pending sales and 22 condos remain available for purchase.

I'm surprised the little one on Everett hasn't gone into contract yet. It's a 2/1, 800 sq ft, listed for $599,000. That's as entry level as you get in downtown PA and it's cute, great location. Strange.....

325 Channing #304 is in contract...

somehow...It will be interesting to see what that one closes at. When I saw it months ago for $2.6 million I laughed out loud while touring it. I thought it was closer to $1.9. It was listed as low as $2.249000 when it finally got into contract. I hated the floor plan, I guess someone just really wanted to get into that great building...

the sale at 272 Waverley #4

I want to take a look at this sale since it was the first one we've had this year not from the 101 alma building where we can see what price per sq foot is doing in an older building (when I say older i am referring to any building in downtown PA that is older than 30 years or so)....

this was a 2/1 866 sq feet. It had been remodeled nicely. On the market for 49 days, listed for $649,000 it sold remarkably close to the list price at $645,000. That's 744 sq/ft which is a very nice number and something any seller in an older building will appreciate. It's only one sale, but it's a good one......

Sales Update...

Nothing. Zilch. Nada. The good news is that there haven't been any new condo listings in the last 2 weeks so that's good for inventory. There's a pending sale on Waverley that's set to close tomorrow, I'll let you know what it sold for when I find out.....

saw the 2 new ones downtown today.....

I saw the 2/2 at 320 Palo ALto Ave for $897,000 and I saw the 2/1 at 190 Everett for $599,000. I think, hands down, the listing on Everett is the better deal. For starters, the PA Ave listing isn't really a 2/2 and shouldn't be sold that way. It's a 1 bedroom with an office space they are calling a 2nd bedroom. That should turn off about 75% of the buyers who are looking for a legit 2 bedroom. The one on Everett is small but it's priced right. Look for that one to sell near the list price and the one on PA Avenue to sell WAY under.....

a new one at Tall Tree Estates

this is a new one in the complex that is in the northest part of North PA--runs along the creek. We see about 1 a year come on here. It's listed as a 2/2, listed for $897,000, 1187 sq ft. Won't see the inside till tomorrow but 755/sq ft is pushing it for the 30+ year old buildings. Looking forward to seeing it, that complex has a nice, quiet feel to it.....