A Round-Up of Hot Suburbs & Up-and-Coming Philadelphia Neighborhoods

From the Experts: Hot Markets & Up-and-Coming Philadelphia Neighborhoods

 

We asked realtors who are on the ground everyday with buyers and sellers which areas are currently the hottest. Here is a round-up of popular suburbs and up-and-coming Philadelphia neighborhoods according to local experts:

“The Graduate Hospital area is pretty hot in my world right now, as is the East Passyunk corridor. If you want to head north, Fishtown is still attracting buyers. Old City is a little slow, but people still want to be in Rittenhouse, Fitler and Queen Village.”    —Bryan CaponeCenter City & Society Hill


Springfield township is definitely a hot area. It gives you access to the city and it also has a good school system. Upper Dublin is a very sought-after school district as well, along with Lower Gwynedd. We listed a property in Lower Gwynedd last weekend, and it has already had over 40 showings in a week—and the price point is in the high 5s. It’s the combo of great location and good school systems.”   —Monica Maben, Spring House

 

Wayne is always hot and always had a shortage of inventory. People like to be able to walk to everything Wayne has to offer. Being close to public transportation is always good too. There is a strong desire to be near communities.”  —Terry KirkwoodRosemont


Personally, I think Avenue of the Arts is extending south. I would say from South Street to the stadiums just off of Broad, Newbold, East Passyunk, Passyunk Square. Because Philly is limited with their public transportation, having access to Broad Street line is a huge advantage. It’s attracting hipsters and young professionals who want to spend a little less and don’t mind a 15 – 20 minute commute. There are a lot of options for these buyers just south of Washington Avenue off Broad Street.  Also, the owner of the Melrose Diner recently opened the Broad Street Diner.  I’m always looking at where the commercial money is going because residential development typically follows.”  —Frank DeFazio, Center City-Society Hill

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