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Northern Liberties Real Estate Statistics

September 20, 2007 by Philadelphia's Remax City Space 

Here below are some statistical graphs that spotlight Philadelphia’s Northern Liberties Neighborhood.  Use this link to see every property currently for sale in Northern Liberties.

12 MONTH NORTHERN LIBERTIES “DAYS ON MARKET” GRAPH

It’s generally taking between 2 and 5 Months to sell a property in Northern Liberties these days.  The average DOM for properties sold in May of 2007 was 57. NLibs properties that sold in July were generally on the market for 163 days.  Big fluctuation, but when taken from a small sample, representing one segment of the larger Philadelphia real estate market in general, this is not unusual.

Norhern Liberties Average Days On Market

12 MONTH NORTHERN LIBERTIES AVERAGE PRICE GRAPH

 Average Selling price of a property in Northern Liberties last month (Aug ‘07) was 322k.

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NORTHERN LIBERTIES 12 Month “Asked To Sold Ratio” Graph. 

If you’re about to make an offer on a piece of real estate in Northern Liberties, this graph might prove pretty useful when it’s time to negotiate.  Ask your “Space Agent” to give you more specific “A2S” numbers for the number of bedrooms or property type you’re pursuing.  As you’ll see from this graph, offering more than 10% under asking will probably be pushing it just a bit.  But hey, never hurts to ask!  :)

If you’d like to stay in tune to what’s going on in the Philadelphia Real Estate market, subscribing to this site is a good idea.  (Use the “Hub-Scribe” option in the side column of this page)  We’ll be posting statistical updates and other great info on a fairly frequent basis.  Thanks for reading!

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