V2 Properties Newsletter Volume 10, Issue 3

March 2020
Exponential Insights

Properties At A Glance

  • 3
    Currently Under Contract
  • 21
    Awaiting Building Permits
  • 9
    Sold In Last 30 days
  • 0
    Scheduled To Sell In Next 30 days

How will the Coronavirus impact the Real Estate Market?

A Whole New World

The impacts of the Coronavirus from strictly a social perspective have been nothing short of amazing over the past 10 days. Our world has changed dramatically. We have seen schools closed, businesses closed and professional sports leagues shut-down.

The impact to the real estate market, specifically to V2 Properties has been minimal. We continue to put houses under contract, the number of showings for our houses has been consistently good over the past several months and has not dropped over the past two weeks. We expect the spring real estate market to be very good and we are confident we can continue to build on an already strong start to 2020!

We are consistently obtaining feedback from our Realtors who insist housing inventories remain low and buyer demand is high. These two factors combined with historically low interest rates lead us to believe the Spring market will be very successful for V2 Properties, as well as the entire real estate market. We are well positioned to meet the demands of new home buyers as we expect to have 17 new houses hit the market over the next 45 days.

There will be some impacts to the construction industry in the coming months as we expect there will be some impacts to the homebuilder supply lines, roughly one third of the home building inputs come from China which has been hit hard by the virus. At some point we could see supplies of bathtubs, sinks and appliances get tighter as China struggles to control the spread of the various.

We are sure to face challenges in the coming weeks, but we are extremely confident we can get the job done!

Be safe.

Vince Viney, Founder & President

Press links

Featured project: 1748 Waterloo Street

Neighborhood

Olde Kensington

Listing Price

$485,000

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
  • Optional 4th bedroom / recreational room
  • Full finished basement
  • Wet bar
  • Gas fired heating system

Description

1,900 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