Real Estate
-
New Rental Development Could Be Coming to Coatesville
A Harrisburg-based developer is hoping to build 266 market-rate apartments in Coatesville, writes Kenny Cooper for the WHYY. The Planning Commission of the City of Coatesville will vote on the new project from Brandywine View Tri-Corner in June. If the project is greenlighted, the Brandywine View Apartments will become the first rental development to break…
-
Toll Brothers’ Strategy Shift to Speculative Builds Drives Another Quarter of Record Sales Revenue
Toll Brothers’ strategy shift toward more speculative builds due to a tight resale market has paid off for the Fort Washington homebuilder, writes Paul Schwedelson for the Philadelphia Business Journal. During the second fiscal quarter that ended April 30, more than half of contracted Toll Brothers homes were speculative builds, or homes sold after the…
-
Pat Burrell’s Former Center City Penthouse Sells For Well-Under Original Asking Price, Two Years Later
The Center City penthouse that former Philadelphia Phillies star Pat Burrell previously owned has been sold to a local Philadelphia couple for $2.65 million. It sold for about 38 percent less than the original asking price of nearly $4.3 million, writes Ryan Mulligan for the Philadelphia Business Journal. The recent sale brings an end to…
-
First Bank House of the Week: Exquisite Rambler in North Coventry Exudes Timeless Elegance
An exquisite rambler-style home on 4.2 acres with five bedrooms and five full and two half bathrooms is available for sale in North Coventry Township. . . This stunning residence exudes timeless elegance and sophistication and offers an unparalleled living experience as well as breathtaking views from each window. . . Highlights include a gorgeous…
-
Horsham Hotel Put Up for Auction; Starting Bid Is $1.4M
The TownePlace Suites Philadelphia Horsham is headed to auction, writes Emma Dooling for the Philadelphia Business Journal. The 94-key hotel was put up for auction earlier this month with a starting bid of $1.4 million. Online bidding will take place on Crexi, a digital real estate platform, starting June 24. The property is currently owned…
-
Large Phoenixville Apartment Complex Sells to New York Firm for $90 Million
A large Phoenixville apartment complex has been sold to an entity connected with New York financial services firm Cantor Fitzgerald for $90.3 million, writes Paul Schwedelson for the Philadelphia Business Journal. The seller of the 349-unit Riverworks complex was Pantzer Properties. The development is set on 30 acres located on the north side of French…
-
Philadelphia Metro Ranks in Middle Among Best Places for Home Buyers
Philadelphia metro ranked in the middle of the pack among the best places for home buyers in Zillow’s new market heat index. Zillow’s new market heat index represents buyers’ urgency or sellers’ confidence in an area. It considers the share of homes that sell quickly, the share of homes that get a price cut, and…
-
First Bank House of the Week: Lovely Colonial on Picturesque Lot in Malvern
A lovely colonial home on 2.3 picturesque acres with four bedrooms and two and a half bathrooms is available for sale in Malvern. . . Perfectly nestled in a park-like setting, this beautiful residence blends elegance and charm. Highlights include a classic foyer with hardwood floors throughout most of the house, living room/library with built-in…
-
$3.1 Million Villanova Estate Finds Buyer in Less Than a Week
A nearly century-old Villanova estate with a basketball court, golf green, soccer and lacrosse fields, and a koi pond listing for $3.1 million received an offer less than a week after it was listed, writes Ryan Mulligan for Philadelphia Business Journal. The castle-like home on Tower Road includes eight bedrooms and nine bathrooms. It sits…
-
Home Prices in Chester County Continue to Soar Amid Bustling Spring Market
The median home price in Chester County rose 11.7 percent in April compared to the same period last year, marking the arrival of the bustling spring market many in the real estate industry were hoping for, writes Ryan Mulligan for the Philadelphia Business Journal. According to Bright MLS data, the average increase in median home…
-
Pilot Program Helps Philadelphians Become First-Time Homeowners, Pay Off Student Debt
Since October, the Pennsylvania Housing Finance Agency has been testing the waters of a grant and loan program that helps aspiring homeowners with down payments and closing costs. However, the Revitalizing Neighborhoods and Increasing Homeownership pilot program sets itself apart by also helping with student loans, writes Michaelle Bond for The Philadelphia Inquirer. For people…
-
Home Ownership Among Single Mothers in Philly Region Higher Than Most Major Metros
Single mothers in the Philadelphia metro are more likely to own a home than in most other major metros in the country, writes Michaelle Bond for The Philadelphia Inquirer. According to LendingTree’s analysis of Census Bureau data, in 2022, around 43 percent of single mothers in the Philadelphia region owned their homes. This ranked Philadelphia…
-
First Bank House of the Week: Elegant, Historic Farmhouse in Chester Spring
An elegant historic farmhouse on 14.2 acres with seven bedrooms and four full and two half bathrooms is available for sale in Chester Springs. Originally built in the late 1700s, this lovely residence is perfectly nestled in the heart of a picturesque landscape and offers an ideal blend of country elegance and modern comfort. .…
-
Gen X Leads the Surge in Philadelphia Metro’s Millionaire Homeowners, Outpacing Boomers
The number of millionaire homeowners in the Philadelphia metro area is on the rise, with households that earn $1 million and more now being one of the fastest-growing income groups, according to a recently released study from Point2, an international real estate search website that covers industry trends and news. Nationwide, the number of households…
-
Toll Brothers Working on 11 Projects with Over 1,600 Total Units in Philadelphia Region
As low inventory continues to be a major problem for the Philadelphia housing market and prospective buyers, Fort Washington-based Toll Brothers is making a major push in the region, writes Paul Schwedelson for the Philadelphia Business Journal. The luxury homebuilder has been snatching up land in the suburbs and is currently working on eleven projects…
-
Luxury Home Prices Continue to Rise Nationwide, but Not Here in the Philly Metro
The prices of luxury homes in the United States are higher than they have ever been, with the median-priced home selling for a record $1,225,000 in the first quarter, which is an increase of 8.7 percent from a year earlier, according to a recently released report from Redfin. Luxury home prices are growing primarily because…
-
Family Bought Farmhouse in Bucks County That Needed Saving and Kept Adding to It Over Years
When looking for a new home for their family, Jim and Connie Martin found a stone farmhouse in Bucks County they liked, but knew it would take a lot of work and time to save it, writes Laura Hoover for The Philadelphia Inquirer. But this did not deter the couple. They purchased the rundown building…
-
First Bank House of the Week: Expansive Stone Farmhouse in West Chester
An expansive stone farmhouse on three acres with six bedrooms and four and a half bathrooms is available for sale in West Chester. . . The exterior of this gorgeous residence designed and owned by an award-winning architect is made of old field stone salvaged from old barn foundations. There are also many other amazing…
Pioneer Partner
Founding Partners
Advertisement
Affiliate Partners
Community Partners
