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Philadelphia Real Estate Information |
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Real Estate Market Summary :
Properties under $500,000 in the core neighborhoods sell fastest because the buyers often don't have a home to sell because they're renting. Rents are increasing, so the economics of buying vs. renting are making buying a more feasible option. The high-middle to high range seems to be moving the quickest if priced correctly and in a popular Main Line neighborhood. Houses from $800,000 to $1.8 million are in great demand, particularly if they are updated and well-maintained. This past spring, these houses were selling in under two weeks and in some cases receiving multiple offers.
City Info :
Philadelphia is the largest city in the Commonwealth of Pennsylvania and the county seat of Philadelphia County, with which it is coterminous. The city is located in the Northeastern United States along the Delaware and Schuylkill rivers. It is the fifth-most-populous city in the United States, with a population of 1,526,006 as of the 2010 U.S. Census. Philadelphia is also the commercial, cultural, and educational center of the Delaware Valley, home to 6 million people and the country's fifth-largest metropolitan area. The Philadelphia metropolitan division consists of five counties in Pennsylvania and has a population of 4,008,994. Popular nicknames for Philadelphia are Philly and The City of Brotherly Love, the latter of which comes from the literal meaning of the city's name in Greek, Modern Greek: "brotherly love", compounded from philos "loving", and adelphos "brother".
Living in Philadelphia :
Philadelphia provides residents with many opportunities to play as hard as they work. The Philadelphia Museum of Art, one of the nation's largest art museums, exhibits creative works from the past 2,000 years. Monthly open houses during “First Friday” celebrations display the work of contemporary artists in the thriving gallery community. Tours through Old City visit numerous historical landmarks, such as the Betsy Ross House, Liberty Bell and Independence Hall. Philadelphia boasts the largest urban park in the world, Fairmount Park, which maintains more than 100 miles of trails for running, cycling and riding. The park is also home to historic landmarks, sculptures, theatres and the Philadelphia Zoo. Boat rentals are available on the Schuylkill River, which is also the site of Boathouse Row, one of Philadelphia's most recognizable landmarks. Enthusiasm runs high throughout the city for the Eagles, Phillies, 76ers and Flyers. There are many opportunities to cheer on the city's professional sports teams. Even those who are not interested in the on-field activity enjoy attending games in the newly constructed baseball and football stadiums.
Home Just Sold in Philadelphia :
Sports Teams :
_ Warriors
_ Tapers
_ Quakers
_ Blazers
_ Independence
_ Union
_ Wings
_ Rugby Union
_ Broad Street Run
Interesting Fact :
Philadelphia is home to the cheesesteak sandwich, water ice, soft pretzels, and TastyKakes.
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