packer park homes

Packer Park and The Philadelphia Navy Yard: A Match Made in Heaven!

/ Jim Onesti, Realtor, Development Expert / Leave a comment

When people think of the Philadelphia business world, they automatically think of the busy streets and skyscrapers of Center City. What people don’t know is that many Philadelphia businesses choose to do their hustling and bustling in the quiet and scenic, Philadelphia Navy Yard. Just outside of Packer Park, this steadily developing business campus hosts 143 businesses and over 11,000 employees. The location is perfect, the atmosphere is serene and the area offers every convenience and amenity imaginable. Now, I love all areas of Philadelphia equally but after spending the majority of my time working in the a fast-paced, Center City environment, the peaceful, waterfront of the Navy Yard looks very appealing.

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Well, as you can imagine, all of these new opportunities at the Navy Yard are keeping South Philly Realtors busier than ever! The boom at the Navy Yard has caused a high demand for nearby Packer Park homes. The two areas complement each other perfectly as the navy Yard provides new resources, sports complexes and a beautified waterfront to Packer Park residents while Packer Park provides a gorgeous, family friendly place for Navy Yard employees to live. We are seeing a steady increase in highly motivated buyers thanks to all of these new employees and the future of Packer Park is looking very bright!

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For more info contact Jim Onesti BHHS Fox & Roach and The McCann Team
215.440.2052 or jonesti@mccannteam.com

Gorgeous New Packer Park Listing!!

/ Jim Onesti, Realtor, Development Expert / Leave a comment

23Extra-large Packer Park beauty with almost 1850 sqft, 3 bedrooms, 2.5 beautiful bathrooms, front concrete patio and garden area, plus rear deck off kitchen, 1 car parking, beautiful finished basement with full service entertaining bar and much, much more!

Gorgeous kitchen has high level granite countertops, tile backsplash, beautiful wood cabinetry, stainless steel appliance package, granite peninsula plus a huge butler pantry that extends into the formal dining room area with more granite counters, additional cabinets for storage, wine rack and wine glass holder.

This is an extra-large home with wide plank hardwood floors, central air, beautiful wood staircases with iron railings, full size finished basement which offers its own private entrance from the parking area, oversized beautiful tile flooring and a full service bar with oak cabinets, sink, fridge, shelving, TV – perfect for parties and entertaining!
 
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15Additional amenities include beautiful stone facade, new windows, tons of closets throughout, full size washer/dryer, crown moldings, ceiling fans, recessed lighting, huge rear deck accessed from French doors off the kitchen, half 24bath off first floor living room and beautiful stone tile luxury bathroom. This is one of the largest homes in Packer Park with all the bells and whistles! The interior and exterior of this abode is absolutely stunning, paired with quality workmanship throughout, large open spaces, tons of storage, 2 amazing outdoor spaces and countless other features…
come see for yourself!

1725 Packer Ave. 3 Bed/1.5 Bath. $359,000

For more info or to schedule a showing contact Jim Onesti. BHHS Fox & Roach. 215.440.2052 Direct or 215.627.6005 Main

Fantastic Packer Park Home For Rent!!

/ Jim Onesti, Realtor, Development Expert / Leave a comment

pp1Gorgeous Packer Park Home For Rent!!

This is a 3 bed/2.5 bath home with Garage & Driveway Parking!

This fantastic home, located in The Reserve features a huge kitchen, tile baths, hardwood floors, spacious rear yard and deck! For only $2,500 per month this home comes with all of the bells and whistles that one could hope for!

Available 6/30/13             2754 Square Feet             Lot Size: 35×78

For more information or to schedule a showing contact Jim Onesti 215.440.2052 or jonesti@mccannteam.compp2

Packer Park Cul-de-sac VS. Packer Park “Main Street” PART 2

/ Jim Onesti, Realtor, Development Expert / Leave a comment

1pp  Our February 1st Blog titled, “Packer Park Cul-de-sac VS. Packer Park “Main Street”,   discussed which type of Packer Park Homes sell for more and are more desirable, homes located on a Packer Park Cul-de-sac or main street homes in Packer Park, we wanted to try to dissect the findings of our research a little further…..

As a reminder the results of our data crunching were as follows:

*Since there are many more main street homes than cul-de-sac homes in Packer Park, the number of main street sales was more than double the number of cul-de-sac home sales over the two year period examined in our evaluation.

*SALE PRICE: The average sale price for the cul-de-sac homes was $336,000. The average sale price for the main street homes was $320,000. (close to a 5% difference)

*PRICE PER SQUARE FOOT: The average price per square foot for the cul-de-sac homes was $291 per sq’. The average price per square foot for the main street homes was $277 per sq’.

*DAYS ON MARKET: Average days on market for the cul-de-sac homes was 222. Average days on market for the main street homes was 82. A HUGE difference!!!

But WHY???

We feel the main factor creating these numbers is Supply and Demand. Many of us often disregard how important this simple economic law is. Supply and demand although a simple theory is amazingly important… Supply and demand is the key indicator in todays Real Estate market in my opinion. Center City Philadelphia and the surrounding neighborhoods are experiencing price appreciation and an increased pace of sales because the inventory of homes for sale is almost 20% less than this time last year and is actually at its lowest point since 2006!!!!

Think of it this way…how many buyers are there in our market place right now? Thousands and Thousands…. if there were only two homes for sale in the city, how much would those homes sell for with a thousand buyers fighting over them??? the answer is ALOT!! That is supply and demand…

One of the main factors why Cul-de-sac homes have sold for 5% more than main Street homes and have a price per square foot much higher than the Main street homes is supply and demand… There are always 200-300% more main street homes for sale at any given time then Cul-de-sac homes in Packer Park.

There are other reasons as well but none as Obvious as this.

Currently there are only 9  homes for sale in Packer Park between 250k and 400k..!! If you are looking to sell now may be the time! If you are looking to buy, don’t waste anymore time!!

Cul-De-Sac VS. Main Street, Which type home sells for more in Packer Park?

/ Jim Onesti, Realtor, Development Expert / Leave a comment

3135 Olympia For years my colleagues and I have argued over which is more valuable, desirable and in more demand…. Packer Park homes located on one of its historic and scenic Cul-de-sac’s or a Packer Park home that sits on a wide and bright main street in the neighborhood like 17th or 18th….?  They both have their advantages….

We have done our research and compiled data to settle the age old packer park debate.. Cul-de-sac or main streets in Packer Park….

Here is how we arrived at the conclusion. We evaluated every 2-story Packer Park home that has sold and settled in the last 2 years- located east of 20th street. We did not include fixer uppers, only above average condition to excellent condition homes.

All of the homes had private parking or the ability to make their yard a parking spot. All of the homes had central air and all but one of the homes was 1152 square feet.

The results are as follows:

Since there are many more main street homes than cul-de-sac homes in Packer Park, the number of main street sales was more than double the number of cul-de-sac home sales over the two year period examined in our evaluation.

SALE PRICE: The average sale price for the cul-de-sac homes was $336,000. The average sale price for the main street homes was $320,000. (close to a 5% difference)

PRICE PER SQUARE FOOT: The average price per square foot for the cul-de-sac homes was $291 per sq’. The average price per square foot for the main street homes was $277 per sq’.

DAYS ON MARKET: Average days on market for the cul-de-sac homes was 222. Average days on market for the main street homes was 82. A HUGE difference!!!

What do these numbers mean??? Stay tuned for our follow up Blog Post on this topic…Jim Onesti Prudential Fox & Roach Realtors 215-440-2052

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Slick Concrete Driveways Slated for Geary Estates Townhomes in Packer Park, South Philadelphia

/ Jim Onesti, Realtor, Development Expert / Leave a comment

KateDevlin2012_1916&18_Geary_JO-3Put your lawnmower on Ebay!

Just when you thought The Geary Estates homes couldn’t look any better!!

The developers will be pouring concrete driveways and rear yards for the first 3 of the 10 Packer Park colossal abodes. Settlements are scheduled for later this month with 9 of the 10 homes SOLD and awaiting their new residents.

These 3000 square foot New construction homes have a stellar line up of Standard Features including but not limited to PARKING, Roof Decks, Rear Yards, Wide Plank Hardwood floors throughout, Granite counters in the Kitchen and Baths, Stainless Steel appliance packages, Finished basements, designer lighting, soaking tubs, walk in showers with glass surrounds, 10 year tax abatement’s and much more..

By the end of the 1st quarter on 2013 all 10 Geary Estates will be sold and settled, many of them above $500,000. What does this say about Packer Park? Well, we feel that if there were enough quality, 3-story homes Like Geary Estates with 4 bedroom possibilities, no one would ever move from Packer Park. There is no reason to!! Take into consideration that 6 of the 10 GE Homes were sold before the developer even started digging!! That success is just unprecedented!!VIEW 2

P.S. Don’t Forget to register now for our 2013 Real Estate broker Bus Tour of Packer Park!!bus1

Packer Parker’s Say Yay, for Nutter..

/ Jim Onesti, Realtor, Development Expert / Leave a comment

nutter picAnd Packer Park has spoken once again… Many of you have responded to our recent poll 1st mentioned in our Blog Post from 11/26/12, asking “Is Mayor Nutter doing a good job?”

Mayor Nutters approval rating among surveyed Packer Park residents is a solid 51%.

51% in baseball is fantastic, but 51% in Politics is just good enough….

many residents feel that Mayor Nutter has demonstrated that he is Intelligent, Committed and a good representative of our city.

The Poll Results are as follows:  “Is Mayor Nutter Doing a good job?

Yes 51%

No 41%

Neither or I don’t care  8%

As usual, Thanks to everyone who participated. see you around Packer Park soon….

OWN a Packer Park Home for $1,227 a month… OWN !! not rent…!

/ Jim Onesti, Realtor, Development Expert / Leave a comment

We have been saying it for 3 years now…. it is THE perfect time to buy a packer Park home and it will not always be this easy!!!

The Perfect Storm for Buyers;

1. Rates are so low, you can borrow $220,000 for $988.oo/Month. Real estate taxes in packer park average $2880 annually, that’s $239/month +/-  $988 for your mortgage payment + $239/month for your taxes = $1,227 a month. you can barely rent for that amount!!!

2. Inventory is higher than ever before. Remember when we struggled to find a home in Packer Park? inventory has doubled in the area due to the construction of projects like the Reserve, Geary Estates and others…  Add the overall economic uncertainty to the equation and the 10+ months of Home Inventory available city-wide and you get a Buyers Market.

3. prices have bottomed. If you’re trying to time the Market, stop it… After several years of declining prices it is evident that prices have stabilized. Economic Indexes that track national Home prices are proof of this stabilization. Now is the time to buy.

Contact us today to buy Packer Park Real Estate !

http://www.PackerParkLiving.com

Jim Onesti, Prudential Fox & Roach Realtors, Mccann Team

Coming Soon!! New Listing In Packer Park Philadelphia…..$349,900

/ Jim Onesti, Realtor, Development Expert / Leave a comment

We have a new listing in Packer Park on a rarely offered block. The home will be priced at $349,900 and is in excellent condition! some of the amenities include, Rear driveway parking, front patio and garden, Brazilian Cherry Hardwood floors, brand new central air and Heating system, modern kitchen and two tiled bathrooms!! Loacted two blocks form Geary Estates TownHomes…

This listing will not hit the MLS until next week. RSVP in advance, it wont last long!!

http://www.PackerParkLiving.com

Geary Estates * Packer Park Philadelphia * ROOF DECK VIEWS

/ Jim Onesti, Realtor, Development Expert / Leave a comment

As promised, views taken yesterday from the roof decks at Geary Estates. 360 Degree views of the City Skyline, The bridge, The sports Complex and for as far as the eye can see. Invite your friends and family over for the Fireworks Shows!!