Latest News
Monday Median Stats
Just some quick Monday stats. Here is the Median Price Change in Philadelphia and the surrounding counties. With the exception of Bucks, all are dipping into negative territory. Keep in mind that data for markets with fewer sales can be volatile from month-to-month. Data from BrightMLS as of … [Read More...]
The Signs Are All Around Us
The signs are all around us…on houses, on websites and social media. The Philadelphia real estate market has shifted. This market surprised a lot of Agents and Sellers (and Appraisers). The economy, rates and seasonality are all taking a toll. Markets in the Philly Metro region are in one of … [Read More...]
Feeling Frustrated!
Yesterday, a home in my neighborhood went up for sale. I know it well. When it hit the MLS, the agent cited the Square Footage as being “estimated” at 3,700SF. Trust me. On it’s biggest day, this is not 3,700SF. Overnight, the house apparently shrunk. Because, as of this morning, the house is … [Read More...]
Things Aren’t Always What They Seem
Things aren’t always what they seem… Take Manayunk (19127) for instance. If you were to look at the numbers for 2019, you would think that Manayunk is on fire and that median sale prices are shooting through the roof. Last year, the median sale price in the 19127 MLS Area ranged from $215,000 to … [Read More...]
2020 and Inventory Levels
There are many articles out there right now that point toward Inventory Levels as being a key factor in the 2020 real estate market, here in the Philadelphia region. This chart is a quick look back at inventory levels throughout 2019. As you can see, there's pretty steep drop off between January … [Read More...]
Neighborhoods
Market Report: Fishtown, 19125
FISHTOWN continues to be one of the hot Philadelphia Zip Codes. Between the beginning of 2015 and September 1, 2015 there have been 474 recorded sales listed in the Trend MLS. This figure does not include any private sales that were not in the MLS. On average homes spend 57 days on the market with a … [Read More...]
Attention Attorneys: That Appraisal May Not Be Valid
If you’re an attorney or legal professional and engage the services of residential real estate appraisers for divorce, estates, bankruptcy or tax appeal, you need to read this. It could be the simple difference between your case succeeding or failing. Most attorneys’ primary concern when they … [Read More...]
The Coyle Group – YouTube
Please watch our new video that outlines many of the services that the real estate appraisers at The Coyle Group provide to attorneys, accountants and private individuals across Philadelphia, Montgomery County, Bucks County, Delaware County & Chester County. … [Read More...]
Mount Airy Trends
Being located in Erdenheim, just outside the city limits, we are frequently asked to appraise properties in northwestern Philadelphia, especially Chestnut Hill, Mount Airy, Roxborough and Manayunk. The other day we received our first question for the Ask PAB! section of the site. It was … [Read More...]
Camden’s Woes
Walt Whitman once called Camden, "A City Invincible". Undeniably, Camden is far from invincible at this point; perhaps, “unprotectable” would be more appropriate. Despite last minute efforts, ongoing negotiations and political wrangling, the fact remains that, Camden, New Jersey, laid off 168 … [Read More...]
Case Studies
Monday Median Stats
Just some quick Monday stats. Here is the Median Price Change in Philadelphia and the surrounding counties. With the exception of Bucks, all are dipping into negative territory. Keep in mind that data for markets with fewer sales can be volatile from month-to-month. Data from BrightMLS as of … [Read More...]
2020 and Inventory Levels
There are many articles out there right now that point toward Inventory Levels as being a key factor in the 2020 real estate market, here in the Philadelphia region. This chart is a quick look back at inventory levels throughout 2019. As you can see, there's pretty steep drop off between January … [Read More...]
Thousands Saved in Property Tax!
Appealing your tax assessment can be very appealing! One homeowner that we worked with this past September found this out first hand. He received a 43% reduction in his overall assessment. How does that translate into actual tax savings, you might ask? Well, in this case the house was … [Read More...]
Potential 32% Reduction!
A property owner in Whitpain Township contacted our office about doing an appraisal of his property for tax assessment appeal. As we do with all of our assessment appeal clients, we ran the public records on the property and searched for any prior MLS data on the house. This gives us a preliminary … [Read More...]
Another Reason to get a Pre-Listing Appraisal
Just the other day, I received a phone call from a Mortgage Broker friend of mine. Yes, appraisers and Mortgage Brokers are still allowed to be friends. He wanted my input on a situation in which one of his former clients found themselves. Let’s call them the Utley’s. (For the privacy of the … [Read More...]
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