Real Estate
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6 Multimillion-dollar 19th-century Homes Are on Sale Along One of Philadelphia’s Most Coveted Blocks
In a rare occurrence, six multimillion-dollar 19th-century homes are currently on the market on the same block of 18th and Delancey Place, one of the most exclusive and coveted addresses in Philadelphia, writes Ryan Mulligan for the Philadelphia Business Journal. Three of the six properties are listed for over $5 million and span over 6,000…
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House of the Week: Exquisite Dutch Colonial in East Oak Lane
An exquisite Dutch colonial home set on 0.24 lovely acres with five bedrooms and three and a half bathrooms is available for sale in East Oak Lane. This magnificent, fully restored residence offers the perfect blend of historic charm and modern living. . . Highlights include a welcoming wrap-around porch, a newly added elevated back…
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David Traub’s City of Homes’ Emphasizes Importance of Home Ownership in Philadelphia
A book by architect David S. Traub, Philadelphia: City of Homes, emphasizes the importance of home ownership and this has distinguished the City of Brotherly Love from its peers and contributed to its famous special character, writes Sandy Hingston for the Philadelphia Magazine. In the introduction, Traub set out the thesis of his book: “Philadelphians…
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Rittenhouse Square Brownstone Sells After 15 Years On the Market
A five-story, 7,155-square-foot Rittenhouse Square brownstone that was originally placed on the market 15 years ago has finally been sold, writes Ryan Mulligan for the Philadelphia Business Journal. The property sold for $2.625 million — about half of its original list price — to a New York buyer, according to Nancy Alperin, a broker with…
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5 Reasons Why 1701 Market Street is Ideal For A Residential Property
1701 Market Street in Center City is now the former headquarters of Morgan Lewis & Bockius law firm, and since the move, Alterra Property Group has been unrelenting in its pursuit to convert the office building into a residential property. According to Alterra Property Group’s vice president of acquisitions Connor Burke, the 18-story, 305,170-square-foot building…
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House of the Week: Historic Carriage Home in Spring Garden
A beautiful historic stand-alone carriage home with four bedrooms and four bathrooms is available for sale in Spring Garden. This exquisite property boasts meticulous design and craftsmanship and comes complete with a custom wood one-car garage, a two-tier roof deck, and high-end finishes throughout. . . The home impresses from the start with its open…
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Philadelphia Housing Market Sees Record 10.4% Price Growth in February
The Philadelphia-area housing market continues to be stuck in an inventory rut, which has helped drive the growth of home prices to its highest level in almost two years, writes Ryan Mulligan for the Philadelphia Business Journal. The median home price throughout the Philadelphia region went up by 10.4 percent to $340,000 in February, the…
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Jumpstart Germantown, A Philly Real Estate Program, Reaches $50 Million in Loans
Jumpstart Germantown, a training program designed to help new developers find their footing in the industry and create affordable housing in Philadelphia, recently reached a $50 million milestone, writes Aaron Moselle for WHYY. In late 2022, Les Hamilton was finishing up his time as a former military recruiter in Philadelphia and Maryland. Without a plan…
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House of the Week: Gorgeous Recently-Renovated Colonial in Mount Airy
A gorgeous, recently renovated colonial home with four bedrooms and four bathrooms is available for sale in Mount Airy. This lovely residence boasts superb craftsmanship, hardwood vinyl flooring throughout, and an open-concept living area perfect for entertaining. The renovations included new heating, plumbing, central air, electricity, windows, doors, and rails, all of which give the…
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In Philly Metro, Baby Boomers Lead Home-Buying Trends, Surpassing Millennials
Baby boomers overtook millennials last year as the largest segment of the home-buying population as they continue to downsize by buying smaller homes, writes Sandy Smith for the Philadelphia Magazine. Several trends are driving this rise in home purchases. The older half of the generation has mostly left the workforce and is now looking for…
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Find Out How Philadelphia’s Growing Housing Crisis Could Be Solved
While there are plenty of market-rate apartments available, there is currently a major affordable housing and workforce housing deficit in the nation, including Philadelphia, write Bruce Katz and Andrew Gibbs for The Philadelphia Citizen. However, there is a quick and affordable way to improve the situation that could be hidden in plain sight: government subsidies…
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Center City Housing Units Have Reached A 5-Year High
More new housing units have been built in the Center City area over the past year than in the previous four years, writes Aaron Moselle for WHYY. Data from a new Center City District housing report indicates that residential construction could continue to rebound from its pandemic lows in 2020 and 2021. The report focuses…
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House of the Week: Beautiful Victorian in Roxborough
A beautiful Victorian home set on a cozy 0.28 acres with five bedrooms and two and a half bathrooms is available for sale in Roxborough. This gorgeous residence dates back to circa 1895. It features a large covered front porch, a side yard with a patio, and a sizable backyard. There is also a detached…
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Former Eagles Owner Buys Full City Block in Miami
Former Philadelphia Eagles owner Norman Braman, the billionaire car dealer who spent his early years in West Chester before moving to Cobbs Creek, now owns an entire block in Miami’s Edgewater neighborhood, writes Brian Bandell for the Philadelphia Business Journal. Braman, 89, recently acquired the Fight Club Miami building located at 106 and 120 N.E.…
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House of the Week: Magnificent Townhouse in Rittenhouse Square
A magnificent townhouse with five bedrooms and three full and three half bathrooms is available for sale in Rittenhouse Square. This stunning home is one of only two townhomes in the Philadelphia neighborhood and offers unobstructed views of The Square. . . It has 20 feet of frontage along Rittenhouse Square and stretches to Manning…
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House of the Week: Lovely New Condominium in Pennsport
A lovely new construction apartment with an open floor plan with three bedrooms and two and a half bathrooms is available for sale in Pennsport. Moyamensing Square is a new planned community with 24 bi-level residences. This attractive penthouse apartment is bathed in natural light and boasts a rooftop deck with 360-degree views of the…
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Homeowners in the Philadelphia Area Stay in Their Homes Longer Than Most Other Cities
Homeowners in the Philadelphia metropolitan area are staying in their homes longer than in most other cities and the country as a whole, writes Michaelle Bond for The Philadelphia Inquirer. According to analysis by the online real estate brokerage Redfin, the median time homeowners in the Philadelphia area have lived in their homes in 2023…
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St. Joe’s To Sell Former USciences Campus, Community Weighs In
St. Joe’s is hoping to sell the entirety of the former USciences campus, and as a result, a community-based committee tasked with brainstorming ideas recently presented initial ideas to the Spruce Hill Community Association, reports West Philly Local. The committee is made up of representatives of local community groups, such as Friends of Clark Park,…
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