Philadelphia Rent Growth Slows Down

The Rent trend data in Philadelphia, Pennsylvania

Philadelphia Average Rent

As of October 2017, average rent for an apartment in Philadelphia, PA is $1580 which is a 15.38% decrease from last year when the average rent was $1823 , and a 0.44% decrease from last month when the average rent was $1587.

One bedroom apartments in Philadelphia rent for $1404 a month on average (a 17.95% decrease from last year) and two bedroom apartment rents average $1738 (a 21.35% decrease from last year).

Beds Rent
All beds 1,580
1 beds 1,404
2 beds 1,738

Philadelphia Average Rent By Neighborhood

Neighborhood Rent
Fairmount-Spring Garden 2,193
City Center West 2,109
Riverfront 2,073
City Center East 2,056
North Central 1,851
Poplar-Ludlow-Yorktowne 1,835
Wharton-Hawthorne-Bella Vista 1,823
Cobbs Creek 1,623
Fishtown 1,588
Schuylkill Southwest 1,557
South Philadelphia 1,532
Hartranft 1,524
Chestnut Hill 1,520
Kensington 1,464
Pennsport-Whitman-Queen 1,436
Wynnefield 1,410
Manayunk 1,395
Belmont 1,384
Roxborough 1,311
East Falls 1,305
Brewerytown 1,300
Point Breeze 1,261
Girard Estates 1,215
Alleghany West 1,208
Marconi Plaza-Packer Park 1,195
Holmesburry-Torresdale 1,160
Mount Airy 1,152
Eastwick 1,075
Torresdale 1,074
Richmond 1,022
Germantown 1,006
Academy Gardens 1,006
Summerdale 1,000
Strawberry Mansion 975
Bustleton 965
Morris Park 947
Somerton 944
Cedar Brook 924
Oxford Circle 917
Mayfield 912
Grays Ferry 899
Tioga-Nicetown 882
Byberry 880
Haddington-Carroll Park 877
Fox Chase 873
Rhawnhurst 859
Oak Lane 824
Wissanoning 798
Hunting Park 794
Logan-Fern Rock 794
Fairhill 789
Olney 767
Frankford 761

The most expensive Philadelphia neighborhoods to rent houses in are Fairmount-Spring Garden, City Center West, and Riverfront.

The least expensive Philadelphia neighborhoods to rent houses in are Frankford, Olney, and Fairhill.

Sell My Vacant Lot Philadelphia

This is the starting point for selling privately owned property in the City of Philadelphia.  We purchase vacant lots in Philadelphia frequently, however are always concerned with the J.L.M (Judgement , liens and Municipal) hurdles.

First impressions are lasting in real estate. When selling a home you would never leave out your dirty laundry for potential buyers to see, and you should also clean up your Philadelphia vacant lot before it is shown and marketed, correct?  Cut the grass (or weeds), remove trash and take photos of your property when it is looking its best. Some sellers even plant wildflowers to make their vacant land look beautiful. It’s like staging a home, but you’re just working with land instead.

Also consider having a survey done in advance and mark your boundaries.Sell My Vacant Lot Philadelphia sell my land phildalphia 250x196

 

We know that it is not easy to complete…. We can help complete these MUST HAVES for sellers as needed to provide a service to sell your lot fast. This will provide useful information and help buyers see the potential in a property to encourage a sale.

Choose Your Price Carefully

Pricing can determine your success in attracting potential buyers, and pricing your lot or land too high is one of the biggest mistakes that sellers make.. The wrong price will both scare away buyers from even inquiring about your property, and will cause your property to take longer to sell.

Pricing land can be trickier when compared to pricing a home.  Developed lots in communities may have a clear “market” price based on the recent sale of similar lots. Raw land, however, may have fewer “comparable” sales to use in determining your price. In addition, the price you ultimately can attract for a singular lot or undeveloped land can vary greatly depending on the buyer’s intended use of the property. For example, if a buyer feels that your acreage is appropriate for a high-end home development it likely will bring a higher price per acre than if a buyer only intends to build a single home on it.

Consider your own needs when pricing, and understand how pricing could impact buyers’ interest. When selling real estate, you sometimes have to choose between getting the highest price and possibly selling quicker. Plus, your pricing may be influenced if you need to sell for financial reasons. In addition to your own situation, pricing your property ultimately requires an understanding of the land market as a whole, why people are buying lots or land in that area and who these people are. A good real estate agent with land expertise can help greatly in this process.

Show Your Vacant lot At Its Best

It can be challenging to market vacant residential lots. Homes are visual, convey a sense of place and evoke emotional responses from buyers. But there is no house for an Open House when selling lots and land.

Be sure to use visual tools to tell the story of your lot or land in your online listing in a beautiful and compelling way. You can’t show photos of a kitchen or great room, so be creative with your lot or land photographs. Use attractive photos of the home site, natural features of the land, the view from your property and even community amenities We use maps, surveys and zoning to show the property boundaries and where it is located. To make sure your loy gets sold fast in Philadelphia.

And although it may not be the same as an Open House, you always should offer to “walk the property” with a potential buyer. You can show them the property lines and tour things like the neighborhood pool or walking trails. Use this opportunity to strategically point out the positive aspects and minimize the negative aspects.

Tell the Story with your Sign

In addition to online listings that target lot and land buyers, effective property signs always should be part of your marketing plan. Don’t just use a standard “For Sale” sign; we suggest that you have a sign custom-made for selling your lot or land (which can be done relatively inexpensively these days). You can help tell the story with your custom signs by including a few key points like acreage and property features. The sign(s) should be located for visibility, look professional and be kept clean and upright.

Work with Pros

Having knowledgeable professionals on your side will always helps when selling your lots and land. There are many benefits from having specialized expertise on board, so we encourage you to work with real estate professionals  We will help you understand the market.

Selling lots and land has its unique challenges and strategies when compared to selling a home, and these are several of the ways you can boost your selling efforts. Whether you’re just starting the process of selling your lot or land in Philadelphia or you need to re-energize your efforts, we hope these tips help you. So take action and find a way to reach past and get to that pool of active lot and land buyers.

Contact us to help with the  process? Sell My Vacant Lot Philadelphia how to sell my lot philadelphia 250x141

Selling Your House in Philadelphia

If you’re selling your home in Philadelphia, be acknowledged before calling a local real estate agent.

The days of putting a property on the market, receiving multiple bids, getting more than you expected, and accepting an offer in just days — or weeks — are over. Especially with a home that needs”Work”

Philadelphia it’s a sellers market, however Sellers must understand what they’re property is worth. That means that more houses are for sale, there are longer stretches on the market, and prices have slowed, plateaued or, in some places, decreased.

Sellers “need to be prepared for a sustained effort,”