Washington Square Real Estate Update - 08.06.08

August 6, 2008

Washington Square Market Stats

The following Real Estate was Reported Sold In or Around Washington Square Over The Past 30 Days…

(source: TrendMLS)

Key: “3/1/1″ = 3 Bedrooms, 1 Full Bath, 1 Half Bath | “3u” = 3 Units

1008-20 Spruce St 1018F $190,000 1/1/0

240 S 13th St D $220,000 1/1/0

314-22 N 12th St 603 $221,650 1/1/0

240 S 13th St 240F $222,600 1/1/0

1001-13 Chestnut St 404W $225,000 1/1/0

1017 Spruce St B $265,000 1/1/0

1010 Arch St 302 $280,000 2/1/0

1326-42 Spruce St 2106 $310,000 1/1/0

1018 Spruce St 1M $315,000 1/1/1

1101 Locust St 5J $325,000 1/1/0

216 S Jessup St $338,900 2/1/0

1215 Spruce St 101 $350,000 1/1/0

304 S 10th St B $361,000 2/1/0

250 S 13th St 10D $395,000 2/2/0

1101 Locust St 4G $415,000 1/1/0

1215 Spruce St 301 $462,500 3/2/0

905 Clinton St 4F $495,000 2/1/0

301 S 11th St 303 $531,250 2/2/0

1034 Spruce St 303 $531,250 2/2/0

1101 Locust St 5F $685,000 1/2/0

1225 Walnut St $1,250,000.00 Commercial

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To Learn More About Philadelphia’s Washington Square and Its Real Estate, View our Main Washington Square Real Estate Home Page.

To see a Graphical Overview of where the Real Estate market has been going in Washington Square, check out the Washington Square Real Estate Statistics Page.

Editor's Note: Looks like this might be your first time visiting our site? If so, welcome. And please enjoy! ....

Washington Square West, Philadelphia Real Estate Neighborhood Spotlight

October 2, 2007

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Washington Square Park, (image from Wikipedia)

Washington Square was one of William Penn’s original squares and today is accented with lush greenery that welcomes you at every turn. Situated just steps from the National Historical Park, it’s home to Pine Street’s Antique Row and historic theaters and provides a nice choice of living options. The neighborhood is very convenient to many Jefferson University, many restaurants, Septa Transportation, and is a hop-skip-jump from the Avenue of the Arts.

To see every property currently listed in Washington Square, visit our Washington Square Listings Page.

Some Washington Square Links:

http://www.ushistory.org/tour/tour_washsq.htm

A Washington Square Restaurant

More about dining in Washington Square

Fairmount Park Washington Square Page

Washington Square Real Estate Statistics

Market Update, Washington Square Philadelphia Real Estate Statistics

October 2, 2007

Here below are some statistics and graphs pertaining to the Washington Square Philadelphia real estate marketplace.

So far in 2007, 35 propeties have been reported by Realtors to the local MLS as sold in Washington Square.

Click What’s Mine Worth at the top of this page to get a very detailed report on recent neighborhood market activity.  Here’s a quick sample: (click to enlarge)

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Peaking at 9 properties in July, generally between 2 and  4 properties have been selling in the neighborhood monthly.

Here’s a graph detailing the the number of units sold:

(click to enlarge)

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As indicated by this next graph, properties in Washington Square have generally been selling for between 90 and 100% of what the seller is asking.  If you’re about to make an offer on a $600,000 condo in the neighborhood, offering 500k might be a little out of line with what the seller is expecting.  An offer of around 550,000 or wouldn’t be offensive to most; going any lower might be seen as “low-ball.”

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Here below is a graph detailing the Average sale price of real estate in Philly’s Washington Square over the past 20 months or so.  If you’re about to make an offer on some Washington Square Real Estate and would like statistics more specific to the type of property you’re targeting, feel free to email your request to statistics@phillycityspace.com.

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