Report Says These Are Center City’s Hottest ‘Hoods to Live in
Do you own a home in one of these Philadelphia neighborhoods? Can’t say we’re surprised: the latest HomExpert Report by Berkshire Hathaway HomeServices Fox & Roach REALTORS has named the following five areas the “Hottest Places to Live in Center City,” based on the number of homes sold there within the first six months of 2015.
They are as follows:
- Fairmount and Art Museum (19130)
Homes sold: 243
Median price: $310,000
- Rittenhouse Square (19103)
Homes sold: 174
Median price: $500,000
- Old City (19106)
Homes sold: 126
Median price: $370,000
- Northern Liberties and Fishtown (19124)
Homes sold: 115 homes
Median price: $385,000
- Washington Square (19107)
Homes sold: 68
Median price: $325,500
Overall, though, numbers have shown the Greater Philadelphia Area to be in something of a rebound as of late (just last week we got a hold of some nice ones from Kevin Gillen, who, granted, also offered a word of caution): in that same HomExpert Report, Greater Philly home sales – that includes New Jersey and Delaware – have jumped by 13.8 percent, “their highest point in four years,” between 2014 and 2015. Between 2012 and 2015, the increase is 24.6 percent.
Zeroing in on Philly, the infographic shows 7,124 homes sold for a median of $155,500 within the first six months of 2015. This number is up from the 6,243 sold in the first six of 2014; the 6,718 sold in the first six of 2013; and the 5,559 sold in the first six months of 2012. Percentage-wise, that makes for a 28.2 percent leap between 2012 and 2015.
On a hyper-local level, here’s how particular sections of Philadelphia did in the first six months of this year compared to last year and going all the way back to 2012. (Yo, the Northeast seems to sell more within the first six months, but check out the Riverwards, West Philly and South Philly consistently having some of the biggest increases):
Interestingly, although home sales went up all-around in the area, there’s a slight difference between the types of properties that get the most play with Philadelphia home buyers: single-family home sales went up by 13.3 percent, while townhome and row house sales jumped by 15.6 percent.
Below, the numbers for surrounding counties.
Screenshots from BHHS Fox & Roach REALTORS’ HomExperts Report.
- HomExpert Market Report [BHHS Fox & Roach]