Here below are some some graphs that detail recent activity in the University City real estate marketplace. To see every property currently listed in Philadelphia, click University City Listings For Sale.

Summary:

Average Asked to Sold Ratio for September, 07: 96.28%

This is the indicator of how willing seller’s have been to negotiate in the neighborhood. Generally, over the past year or so sellers in University City have been willing to negotiate 5-10% down from the asking price at the time they receive an offer. If you’re considering buying a piece of U-City Real Estate, offering more than 10% under asking might be viewed as a bit aggressive. But hey! Never hurts to ask.

Avg. Days On Market, University City 9/07: 101 Days

Generally, it’s been taking a bit longer to sell a University City property in 07 than it did in 06.

Average Sold Price, University City 9/07: $307,524.

The graph below may help you identify trends in the local marketplace, but University City has a pretty diverse real estate marketplace. If you’re curious about average selling prices for a certain property type or price range, feel free to contact your Space Agent, or email statistics@phillycityspace.com with your request.

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Posted in University City