Newsletter Volume 10, Issue 3
Properties At A Glance
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!
Vince Viney, Founder & President
Featured project: 1748 Waterloo Street
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
0In the Pipeline
1Phase 1 - Foundation & Framing
2Phase 2 - Mechanicals & Insulation
3Phase 3 - Final Finishes
4On the Market
On The Market
In The Pipeline