V2 Properties Newsletter Volume 9, Issue 4

April 2019
Exponential Insights

Properties At A Glance

  • 3
    Currently Under Contract
  • 21
    Awaiting Building Permits
  • 10
    Sold In Last 30 days
  • 0
    Scheduled To Sell In Next 30 days

Hello From Vince

Real Estate Market - Still Doing Well

There were many "experts" that went on record, published articles late in 2018 and early 2019 predicting the real estate market would take a significant step back this year, based on what we have seen in the first quarter of 2019, that does not appear to have materialized.

While results for the first quarter of 2019 are not as strong as our record setting year in 2018, they still have been very good and compare favorably to prior years. In addition to properties sold and under contract, we still are seeing strong numbers for our showings and favorable feedback from potential buyers regarding the quality of our houses. Let’s take a look at the number of houses under contract in April, over the past three years:

Properties currently under contract:

April 2017 = 15

April 2018 = 35

April 2019 = 22

Again, our results and the market in general in 2018 were ‘off the charts’ we are still off to a very good start in 2019 and we, as well as our business partners (Banks and Realtors) expect to see a consistent level of sales activity through the remainder of this year and into early 2020.

We are still early in the spring market and expect to finish construction and get another 12-15 houses on the market in the next 30 days.

Vince Viney

Founder & CEO

Press links

Featured project: 1728 N. Lambert Street

Neighborhood

Cecil B. Moore / Temple

Listing Price

$365,000

Features

  • 9’ ceilings in master
  • 8’ ceilings in basement
  • 9’ ceilings in main living area
  • Upgraded wide trim package
  • Technology package
  • Tax abatement
  • Tiled kitchen backsplash
  • Upgraded lever style interior door knobs
  • Kitchen island
  • Kitchen undercabinet lighting
  • High energy efficient HVAC system
  • Quartz Counter Tops in Kitchen
  • Premium wood laminate floors throughout
  • Gas hot water heater
  • Laundry room
  • Pre-wired sound system on roof deck
  • Fiberglass roof deck
  • Brick façade
  • Fenced rear yard
  • Ceiling fans in all bedrooms
  • Master bedroom trey ceiling with ambient lighting
  • Beds
  • Frameless shower door in master bath
  • Bath tub
  • Baths
  • Double vanity in master bath room
  • Full finished basement
  • Wet bar
  • Gas fired heating system

Description

2,350 sq. ft. new construction home with approved 10-year tax abatement. Built by V2 Properties, Philadelphia’s Premier Home Builder. Some spectacular features include a rooftop deck with wet bar on the landing, rear yard, granite kitchen, hardwood floors throughout, great technology and more. Wide trim package through home, elegantly tiled baths, a full 3rd floor master suite spacious closets, and private spa-inspired bathroom. This home also has a finished lower level with tile flooring perfect for a 4th bedroom or 2nd living room. The front facade is brick with a designer standing seam metal sided accent panels and iron railing. The exquisite kitchen which has beautiful cabinets, granite counters, granite island with pendant lighting above, a tile backsplash and quality stainless steel appliances! All of the bathroom vanity counter-tops are granite or quartz. The master bedroom includes a trey ceiling with crown molding illuminated with accent lighting. Tech includes: built in speakers, video doorbell, nest thermostat, alarm system, and full home automation compatibility. Top quality new construction home at a very reasonable price, built by the city's premier home builder! Super low taxes. Also, Builder warranty included by a builder with proven reputation of standing behind their warranty!!

Where Are Our Projects

0
In the Pipeline
1
Phase 1 - Foundation & Framing
2
Phase 2 - Mechanicals & Insulation
3
Phase 3 - Final Finishes
4
On the Market
4
Under Contract

Phase 1

Phase 2

Phase 3

Under Contract

On The Market

In The Pipeline
V2prop.com