Real Estate
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Despite Decline in Sales, Home Prices in Philadelphia Area Continue to Climb Due to Low Inventory
A continuously low inventory in the Philadelphia area is causing home prices to continue growing even with a sharp decline in sales, writes Ryan Sharrow for the Philadelphia Business Journal. The number of closed sales across the region dropped in March by 21.4 percent to 5,815 compared to the same month a year ago. Meanwhile,…
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Malvern Bank House of the Week: Stone Farmhouse is Equestrian-Lover’s Paradise in Chester Springs
A gorgeous stone-front farmhouse with six bedrooms and three and a half bathrooms is available for sale in Chester Springs. This property is a true horse lover’s paradise with 4.4 acres of idyllic pastures. Nearby are horse trails leading to miles of beautiful woodlands and meadows. A large barn features six birthing stalls and a…
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See Which Chester County Towns Are Among Places with Most Expensive Homes in Pennsylvania
Chester County is home to seven towns that are among the top 30 places with the most expensive homes in Pennsylvania, according to a ranking by Stacker. To compile the list, Stacker used data from Zillow. Places are ranked based on the Zillow Home Values Index for all homes as of September 2022. Malvern ranked…
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Phoenixville’s Former Water World Site Up for Sale
The property formerly known as Water World in Phoenixville is on the market for $2.85 million. The park closed in 2012, and a Wayne couple purchased the fixer-upper for the 22-acre property in 2018, writes Paul Schwedelson for The Philadelphia Business Journal. Kim Peltier, one of the property owners, grew up going to Water…
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Malvern Bank House of the Week: Stunning French Colonial on Peaceful Lot in Malvern
A stunning French colonial home with four bedrooms and five full and two half bathrooms is available for sale in Malvern. The residence is perfectly nestled on a peaceful and private 4.6-acre lot with sweeping lawns and custom-designed landscaping along with a large koi pond with waterfall, and many other beautiful additions. . . Highlights…
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Children’s Author Selling Her Massive Bucks County Estate for $14.5 Million
A wealthy couple in the Bucks County area is selling a major estate in the area for a hefty price, and it is one of the best homes in the region. Sarah Paynter wrote about the estate for The Wall Street Journal. Children’s book author Cheryl Olsten, along with her husband, financial adviser Steven Grabowski,…
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CII Council Awards Recognize $90 Million in Commercial and Industrial Real Estate Transactions in Chesco for 2022
The Chester County Commercial Industrial Investment Council (CII Council) recently recognized real estate leaders for excellence and collaboration in their transactions last year at the organization’s Annual Meeting and Awards Luncheon at Waynesborough Country Club in Paoli. “Each year, the Board of CII Council celebrates our members’ successes in closing commercial and industrial lease and…
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Former Helicopter Plant in Coatesville Sells to Delco-based Company
A tale of two aircraft companies dates to the thirties and forties when two prominent innovators revolutionized the helicopter. Igor Sikorsky developed the first successful helicopter in the U.S. in 1939. A few years later University of Pennsylvania alum Frank Piasecki designed the second successful one in 1943, writes Ryan Mulligan for The Philadelphia Business…
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Malvern Bank House of the Week: One-of-a-Kind Traditional Home in Wayne
A one-of-a-kind traditional home on 0.54 acres with three bedrooms and three and a half bathrooms is available for sale in Wayne. . . The home was built in 1923 and is an original Hathaway Model of the Sears Roebuck homes. It offers all of the charm and character of a traditional home with the…
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These Chester County Towns Rank in Top Ten Best Places to Buy a Home
These Chester County towns are earning top spots as best places to buy a home in the Philadelphia region. The towns were ranked by Niche based on home values, property taxes, homeownership rates, housing costs, and real estate trends. Chesterbrook ranked as the second-best place to buy a house for its “dense suburban feel,”…
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Malvern Bank House of the Week: Own a Piece of History with Farm, Stunning Mansion in West Chester
A stunning mansion on 12.25 acres with eight bedrooms and five and a half bathrooms is available for sale in West Chester. . . Linden Farm offers a remarkable piece of the nation’s history. Historically known as the Samuel Jones Farm, this estate is the location where the first shots of the Battle of Brandywine…
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M. Night Shyamalan Buys 200-Acre Rockefeller Estate in Willistown Township
A historic estate once belonging to the Rockefeller family is now off the market thanks to a critically acclaimed film director, writes Ryan Mulligan for the Philadelphia Business Journal. M. Night Shyamalan purchased the 200-acre Willistown estate also known as Kirkwood Farm, that dates to the 1700s. It includes five fieldstone farmhouses from the 18th…
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From Burgers to Bedrooms: West Chester Property Could Transform into Apartments
West Chester’s 410 S. High Street has gone through many iterations. Originally High Street Elementary School, the property was razed to construct a Burger King, writes Bill Rettew for The Daily Local News. Now, the property is going through another makeover. Equity owner High Street 410 plans to construct 125 market rate apartments. The property…
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Malvern Bank House of the Week: Strikingly Modern Home in Paoli
A strikingly modern home on 0.46 acres with four bedrooms and two and a half bathrooms is available for sale in Paoli. This beautiful residence is perfectly located on a cul-de-sac street in the desirable Glen Craig neighborhood. . . Highlights include a two-story entrance foyer, a living room with hardwood floors, an elegant dining…
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Malvern Bank House of the Week: Traditional in Devon Sure to Impress
A charming traditional home on 0.46 acres with four bedrooms and four full and two half bathrooms is available for sale in Devon. This stunning home is characterized by an open floor plan, soaring ceilings, and impressive finishes. . . It welcomes you with an elegant two-story foyer with gleaming hardwood floors. Among the many…
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Coatesville Revitalization Project Takes First Steps with Real Estate Development Program
This past February, a mix of Coatesville city and area residents, business owners, and mission-based investors completed a 6-week real estate development course as part of Jumpstart Coatesville. Now, 1/3 of the graduates are ready to take on their first rehabilitation project in the city. Jumpstart Coatesville is a unique community development program that will…
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‘There Isn’t That Same Feeding Frenzy’: Is Chester County’s Housing Market Cooling Down?
The housing market in Chester County has started to cool down, writes Eileen Smith Dallabrida for Main Line Today. While there are still more buyers than sellers, the frenzy of the sellers’ market has become more moderate and cooler heads are prevailing. Bidding wars are not as common and are less intense. Sellers can no…
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19th-Century Equestrian Estate in Malvern Prepares to Hit Market for a King’s Ransom
A 19th century Malvern estate will soon hit the market, writes Ryan Mulligan for the Philadelphia Business Journal. The 8.8-acre property is part of Hunting Hill Farm. It has a Malvern address, but its technically in Willistown Township. The property includes a five-bedroom, four-bathroom house and a two level “party barn,” a property feature that…
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