Rittenhouse Square, like many luxury resort markets, isn’t immune from foreclosures. I’m not really surprised, as I worked with short sales and foreclosures in the high-end Hawaii resort market before moving to Philadelphia.
Even during the mortgage crisis, Philly fared better than most markets. I’m puzzled why the owners of these properties didn’t attempt a short sale, but that’s water under the bridge at this point.
Please take a moment, join me for a walk-through and let me know your thoughts!
Now on to the luxury! Glamorous Barclay REO condo overlooking Rittenhouse Square originally listed at $3.6M, reduced to $3.3M and SOLD for $3.1:
For a complete Rittenhouse Square market update, CONTACT ME today.