Featured Neighborhood
Washington Square
Philadelphia's Washington Square West features an
expansive park with lush green space and beautiful homes that line the square. It
is one of the original five squares of colonial Philadelphia. The Park, home to the
Tomb of the Unknown...
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Center City Homes Living
The Center City lifestyle enjoys easy access to the social and cultural life of downtown Philadelphia. In the last 2 decades, Philly has undergone a vibrant redevelopment of the downtown area. The economy boasts a growing retail and restaurant resurgence. Residents of all the Center City neighborhoods have their favorite restaurants right around the corner, great bars, saloons and taverns to watch the Phillies, Eagles, Flyers or 76ers win a game. This is a walking city with high marks in the 90% to walk to theaters, supermarkets, specialty shops, pharmacies and much more.
What can you expect when you buy a home in Philadelphia's Center City? Center City offers residents accessibility to over 55,000 jobs creating a stable and diversified downtown community. It is not surprising that for the first time in 50 years, the population of Philly's Center City has increased rather than declined. The boundaries of Center City have been expanded due to the growth of real estate in the Philadelphia downtown area. The selection of homes for sale in center city include: row homes, condos, coops, town homes and numerous styles: traditional, contemporary, colonial and many historical buildings.
Philadelphia, among 21 major national housing markets,, during the recent recession, was number two in maintaining its residential home values . The Center City real estate market has rebounded in the last year at a much faster rate than neighboring cities. Most of the recession impact was on the high-end residential units that got caught in the downturn coming late to the market but relying on projections based on peak prices from 2006. The difficulty of obtaining jumbo mortgages has also taken its toll on the high-end of the market. But this market is also turning around as demand increases, prices and mortgage rates stabilize.
What can you expect when you buy a home in Philadelphia's Center City? Center City offers residents accessibility to over 55,000 jobs creating a stable and diversified downtown community. It is not surprising that for the first time in 50 years, the population of Philly's Center City has increased rather than declined. The boundaries of Center City have been expanded due to the growth of real estate in the Philadelphia downtown area. The selection of homes for sale in center city include: row homes, condos, coops, town homes and numerous styles: traditional, contemporary, colonial and many historical buildings.
Philadelphia, among 21 major national housing markets,, during the recent recession, was number two in maintaining its residential home values . The Center City real estate market has rebounded in the last year at a much faster rate than neighboring cities. Most of the recession impact was on the high-end residential units that got caught in the downturn coming late to the market but relying on projections based on peak prices from 2006. The difficulty of obtaining jumbo mortgages has also taken its toll on the high-end of the market. But this market is also turning around as demand increases, prices and mortgage rates stabilize.
