Delaire Landing Market Report July Phila Pa by Hannah Williams as Reported by Trend MLS
There are 12 active listing in Delaire Landing reported by Trend MLS
There are three active : 1 BR 1Bath units priced at $83,000-$89,500
There are seven active : 2BR units Priced at $102,000-$169,900
There is one active : 3 BR Unit Priced at $161,900
There are five pending sales prices range from $79,000-$10900 we will discuss these sales when they settle
There have been six condo sales in the last two months : Low 1 BR unit sold for $72,000 - High 2 BR unit sold $165,000
It is my opinion that condo prices are continuing to depreciate in Delaire Landing. While other condo associations are fighting and working hard to get FHA approved. Delaire Landing is fighting not to become FHA approved .The Police and Fireman Credit Union I am told is no longer giving loans in Delaire Landing . It is my opinion this will backfire on Delaire Landing and make financing difficult for buyers in years to come making values depreciate even further . Delaire Landing has so much to offer it is a wonderful and beautiful community. Hopefully buyers will be able to obtain financing and take advantage of this fantastic community ! Delaire Landing is a wonderful place to live ! Now is the time to buy and take advantage of these prices.
for more detailed information you can call me @ Re/max Eastern 215 953 8818
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Hey Hannah -
I'm working with a condo area here too that only cash buyers can buy due to the HOA not keeping in line with codes. It can be very frustrating for both the buyer in need of a loan and the Realtor® trying to make sense of it all. Good market report on Delaire....
Have a great weekend.
Hannah, having FHA certification for any condo complex makes it easier to sell at higher values and certainly opens up the pool of available buyers
Hannah
Thanks for sharing the real estate update for Delaire Landing in Philadelphia.
Good luck and success.
Lou Ludwig
John Right now the association does not realize the impact it is going to have in the long run. Yes it can be frustrating trying to explain .Cash is King motto is not always what is the best . :0)
Ed It is beneficial for Sellers as well as buyers
Lou It is interesting to see the ups and downs of the RE condo market
Thank You Have a Wonderful Weekend
HelpfulHannah
Hannah, Help push for that FHA approval--I don't know why on earth they would fight it. Like others in your area, the associations in our area that thought progressively and got the FHA approval, are seeing a boost in sales, giving the current homeowners confidence in their home values. To NOT want FHA approval is just insane right now! BEST of luck with that!
Debe It falls on deaf ears the HOA associations does not want to hear it . They will not listen .They are making it a Realtor issue.They tell the owners of the condos "what is good for the Real Estate Agents is not good for Delaire Landing."
How on EARTH is it a REALTOR® issue? Oh, my! They're not thinking about their homes as a sound investment then--or they just don't care if their condos appreciate, I guess. Shocking for homeowners not to care about their bottom line. Good luck convincing Delaire Landing HOA to do what's right for the OWNERS...forget about the REALTORS®!
Hannah,
Debe gives good advice.
I just sold a condo that everyone told me that the condo docs could not be approved by FNMA - checking and finding out that circumstances changed helped make a sale and probably future ones as well.
Go that extra mile......
Debe ..I hear you loud and clear !