Real Estate: The Buying Season

First came the boom. Then, the bust. These days, Philly’s all about the fire sale. “When the bubble burst,” says Center City real estate expert Mickey Pascarella, “demand for new-construction condos dropped. Smart developers are offering significant discounts off original pricing and sexy financing terms in order to unload inventory.” Just check out these deals.

Condos:

The Aria — 1425 Locust Street

•  The Hook: For those who like some posh with their convenience.
•  Original Price: 2 bed/2 bath: $990,000
•  Price Now: $775, 000
•  Drop: 22%

The Murano — 2101 Market Street

•  The Hook: For hip buyers who want to be in the center of it all.
•  Original Price: 2 bed/ 2 bath: 925, 000
•  Price Now: $739, 000
•  Drop: 20%

Symphony House — 440 South Broad Street

• The Hook: For traditional buyers who respect culture.
• Original Price: 2 bed/ 2 bath: $1, 010, 000
• Price Now: $820, 000
• Drop: 19%

The Essex — 300 North 3rd Street

• The Hook: For the move-up buyer who values luxury.
• Original Price: 2 bed/ 2.5 bath/ den: $1, 095, 000
• Price Now: $599, 000
• Drop: 45%