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Old 07-06-2009, 02:42 PM
 
1 posts, read 1,306 times
Reputation: 10

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Hi I am a Penn employee thinking about buying a recent newly built condo in West Philly. The newly built condo unit I am looking at is around 950 sq ft and comes with garaged parking with offer price of around $316K. Along with it, the condo fees is around $190/month with 10 year tax abatement of $60/year.

I am just wondering if people can help me with the following questions:

1) What are the typical West Philly market value trends?

2) Is the price that I listed for this condo unit too pricey for West Philly?

3) Hows the market for buyers right now in the West Philly area?

Thanks lots for your inputs!
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Old 07-06-2009, 02:57 PM
 
1,983 posts, read 6,844,779 times
Reputation: 411
Offer 10-15% below asking and tell them take it or leave it.
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Old 07-07-2009, 04:37 AM
 
Location: Pennsylvania
5,674 posts, read 10,248,929 times
Reputation: 9523
West Philly cover a wide area. The price depends on where the building is located - generally, the closer to Center City the better.
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