Real Estate
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This Philadelphia ZIP Code Features Nearly One-Quarter of Homes Built in the City Last Year
Philadelphia witnessed a record 8,000 homes built throughout the city in 2024, and while many different neighborhoods got in on the housing increase, one felt it much more than the rest, writes Michaelle Bond for The Philadelphia Inquirer. About 3,000 of the aforementioned new homes were built in the Greater Center City area, increasing the…
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Malvern Mansion Full of Intrigue — and a Checkered Ownership History — Again Up for Sale
A Malvern mansion on a 2.4-acre property encircled by Valley Creek Preserve is up for sale for $9.875 million, writes Kennedy Rose for the Philadelphia Business Journal. This 22,000-square-foot home has 29 rooms, including seven bedrooms and nine full and three half bathrooms. Other highlights include a wine cellar, a movie theater, and even a…
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Toll Brothers Bets on Scottsdale’s Booming Market with New Luxury Townhome Community
Toll Brothers has acquired an 11.27-acre parcel in north Scottsdale, Arizona, writes Angela Gonzales for the Philadelphia Business Journal. The $28 million sales makes its latest luxury residential project for the Fort Washington company. The site, located within Nationwide Realty Investors’ Cavasson mixed-use development, will be home to a high-end townhome community called Toll Brothers…
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First Bank House of the Week: Spacious 4-Bedroom Brick Residence Hits West Chester
Located at 540 Revere Rd in West Chester, this elegant Colonial-style residence is now available for $899,000. Built in 1985, the home spans 2,747 square feet and sits on a 0.37-acre corner lot, offering four bedrooms and 2.5 bathrooms. . . The exterior boasts classic brick construction, complemented by a well-maintained lawn and mature trees. Inside,…
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Housing Prices in Philadelphia Area Skyrocketing, But There Are Ways to Bring Back Affordability
For decades, homes in the region have been relatively inexpensive and Philadelphia enjoyed a reputation as an unusually affordable major city, writes Ben Seal for the Philadelphia Magazine. However, that is no longer the case, as housing prices have skyrocketed recently due to the pandemic’s lasting impact, including rising interest rates, soaring construction costs, and…
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3 Delaware County Towns Among the Friendliest in Pennsylvania
If you’re in need of some friendly surroundings you won’t have to travel far in Delaware County. Apparently, three communities here have been named among the 16 friendliest towns in Pennsylvania by Nextdoor.com, writes Joe for 94.5 PST. The rankings are based on input from Next door.com members across the state who were asked to…
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This Chester County ZIP Code Among Hottest Housing Markets in Philadelphia Region
One local ZIP code landed among the hottest housing markets in the Philadelphia region for the fourth quarter of 2024, according to Intercontinental Exchange data, writes Ryan Mulligan for the Philadelphia Business Journal. Intercontinental Exchange ranks places based on sales and pricing momentum in each market. Elverson (19520) made the top ten of the list…
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First Bank House of the Week: Spacious Downingtown Property Hits Market for $1.1 Million
Sitting in the picturesque town of Downingtown, this exceptional residence is on the market for $1,100,000. Located at 1469 Luna Dr., this home seamlessly combines modern luxury with timeless elegance, offering a unique opportunity for discerning buyers. . . Spanning 6,514 square feet, the property boasts four spacious bedrooms and four and a half bathrooms,…
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Influx of Celebrities Driving Real Estate Prices Up in New Hope
Celebrities flocking to New Hope are driving up real estate prices, making it unaffordable for many who had hoped to call this quiet hot spot home, writes Julie Gerstein for Realtor.com. The interest in New Hope is partly due to its location, which is roughly halfway between New York City and Philadelphia. People are also…
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Nearly 200-Acre Elk Creek Farm in New Hope Hits Market for $10.5M
Elk Creek Farm in New Hope, with pre-Revolutionary War roots, has recently hit the market for $10.5 million, making it the most expensive individual property in the current Bucks County housing market, writes Ryan Mulligan for the Philadelphia Business Journal. The property, which totals 188 acres, was part of the original William Penn land grant.…
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Upper Darby School District Could Buy Closed Delaware County Hospital
Upper Darby School District is considering buying the now-closed Delaware County Memorial Hospital building for $2 million, according to a court filing in the Prospect Medical Holdings bankruptcy. The hospital building, closed since November 2022, is next to Upper Darby High School on Lansdowne Avenue and could allow the district to expand its facilities, writes…
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First Bank House of the Week: Stunning Hillside Property in West Chester
For sale in West Chester is this stunning property with 4 bedrooms and 3.5 bathrooms, listed at $1,449,000. This home offers a harmonious blend of modern amenities and classic charm, making it a standout in today’s competitive real estate market. . . Upon entering, you’re greeted by a spacious foyer that leads into an open-concept…
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More New Yorkers Are Moving to Philadelphia Than Any Other City, According to New Report
With New York residents feeling the strain of high housing costs, many are looking to relocate to another city, and Philadelphia is now the most popular destination, writes Mary K. Jacob for New York Post. This is according to a new report from StreetEasy, which reveals that Philadelphia is now the most popular metro area…
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$5.5M Hopelands, on Ardrossan Land in Radnor, Is a Rarity
The 14-acre Hopelands property on the once-sprawling 800-acre Ardrossan Estate in Radnor stayed with the Montgomery Scott Family when the estate was subdivided. The home belonged to Helen Gay Scott, who died in August at age 95. Now her children are selling the property, with a $5.5 million asking price, writes Ryan Mulligan for Philadelphia…
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Ensemble Investments Secures First Tenant for Wayne Office Building, Moves Forward with Major Renovation
California-based Ensemble Investments has signed a long-term lease with TE Connectivity for 50,000 square feet in its vacant Wayne office building, writes Paul Schwedelson for the Philadelphia Business Journal. The Irish technology product developer is relocating its local office from Berwyn and plans to downsize by around 38 percent. The lease marks a significant milestone…
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This Former Schoolhouse Transformed into Family Home in Willistown Retains Original Working Bell
A former Willistown schoolhouse built in 1853 has been gradually transformed into a beautiful family home – but all the owners kept its original working bell, writes Terri Akman for The Philadelphia Inquirer. Christina Rilke and Jorge Ramirez fell in love with the lovely structure four years ago, drawn to its history. The residence includes…
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Philadelphia-Based Company’s App Helps Renters Achieve Their Dream of Becoming Homeowners
Philadelphia-based company Nido partners with landlords, such as the HOW Group, to help renters become homeowners, writes Courtney DuChene for The Philadelphia Citizen. Nido assists landlords in allocating five percent of a tenant’s monthly rent into a home savings account. The organization’s app also helps renters read relevant articles and to find resources that help…
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Philadelphia’s Top Suburbs Include 5 From Delaware County
The top 25 suburbs in the Philadelphia area for 2024 included five from Delaware County, reports Stacker. All five of the Delaware County towns had schools that received an A+ or an A. Radnor, at No. 20, has homes with a median value of $762,400 and a median rent of $1,795. The township got…
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