We probably don’t have to tell you how much real estate in this city—the ’burbs, too, for that matter—has changed over the past few years. Who could possibly miss the signs of a market that’s finally getting its groove back? These days, not only do you see “Sold!” signs popping up constantly; you see them in neighborhoods that have undergone wholesale transformations, filled with new housing, new restaurants, new stores, new faces.
So we wondered: Where has the market come back best? Which places are 2013’s homebuyers setting their sights on? What are the new hot neighborhoods in this brave new real estate world?
Here are your answers. To create our list of the 15 hottest ’hoods in and around Philly, we compiled a slew of stats, from what’s selling where (and for how much, and how fast) to the people doing the buying (Are they young? Educated? Maybe able to put a little cash into a place?).
What our list reveals about the city—and its residents—may delight you. (Hey, is your neighborhood on the list?) Or it may surprise you. (Kensington? Really?) Or it may just make you want to pack up and move now, while you can still get in.