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MICHAEL S. WIRTZ / Staff Photographer
Dean Cullum relays a bid for a unit at the Murano to his brother, Ken, the auctioneer. All units up for bid - 42 total - sold yesterday. Those in the real estate industry see that as a positive sign for the sector.
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Economic Realities

Sold! Luxury condos go at deep discounts

On the plus side, Gollinger said, there were now more owners in the Murano, who will be paying their condo fees to help operate and maintain the property.

"The most important thing is they have a building full of homeowners," said Gollinger, "and one which affords them a wonderful lifestyle."

That kind of lifestyle is what the Williamses bought into. They got their first peek of their $513,000 purchase yesterday.

"That view is magnificent," Jill Williams said.

 


Contact staff writer Suzette Parmley at 215-854-2594 or sparmley@phillynews.com.

 

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