Originally Posted by Bryson662001

Center City is a twi tiered market. You have the brand new stuff including major renovations, some of which was grossly over priced. Prices for that stuff will come down if it hasn't already although if it was never sold or lived in it is debateable whether a reduction in the asking price constitutes a real drop in price. People who paid top dollar for these places will take a hit if they try to sell IMO. Then you have the older condos in established buildings, many of which offer more amenities then newly renovated buildings plus well located single family houses and these prices will hold steady or continue to climb since it is a limited stock that isn't being added to. Again......IMO