New Name, Same Outstanding Service!

Blog PhotoPacker Park’s #1 Realtor and Real Estate Company is proud to announce a bold transformation of its own!

As of November 12th, 2013, Prudential Fox & Roach Realtors is now Berkshire Hathaway Home Services Fox & Roach Realtors.

With the cabernet and cream renovation, you are still and will  always be promised professional and committed service, along with the same first rate expertise knowledge and experience.  Rest assured, while the name might be different, the quality of service provided will be the same.

Look for our new signs, designed with cabernet and cream colors!

If you have any questions or concerns about this exciting news and what it will mean for you specifically, please contact me at any time at Jonesti@mccannteam.com.

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College Grant Available for Packer Park Students!

1Friends and neighbors of Packer Park, Jim Onesti of Prudential Fox & Roach Realtors is so pleased to announce a brand new grant program catered exclusively to families and students in the Packer Park Area.

Jim pledges to donate a portion of his commission from EVERY Packer Park home he sells towards one annual lucky winners college costs!

To be eligible you must be a resident of Packer Park and be accepted and registered to attend college the following fall. To enter please submit your name, address, contact information along with a short essay on who you are and why you think you deserve this grant. All entries must be received in advance, no exceptions.

No one sells more real estate in Packer Park than Jim…so the grant amount has a chance of being very large!!!

To be considered please forward your information to: jonesti@mccannteam.com or mail to:

Jim Onesti. Prudential Fox & Roach Realtors. The McCann Team. 530 Walnut St – Suite 260. Philadelphia PA 19106

Packer Park Court, a 77-unit apartment building, is SOLD!!!!!!!!!!!!! 1859 Hartranft Street

Packer Park Court, a 77-unit garden-style apartment community located on Hartranft Street in Packer Park has SOLD…Yep it’s official…. the asking price was $10,000,000…. the final sale price is not public information yet but our sources tell us it sold for very close to $8,500,000…

Packer Park Court is a rare building in the Packer Park area, which is dominated by single family homes, as we all know…

PPC’s location in this highly-desirable, safe and convenient Packer Park neighborhood of Philadelphia helped it command such a staggering sale price. The neighborhood is a family-oriented and pedestrian-friendly area filled to the brim with high-quality residential development.packer park court

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

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!!