Real Estate
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First Bank House of the Week: Classic Charm Meets Modern Upgrades in This $1.9M Penn Valley Home
A stunning stone Colonial home in Penn Valley is now on the market for $1,900,000, offering a perfect blend of classic Main Line charm and modern updates. Situated in the highly sought-after Lower Merion School District, this 5,249-square-foot residence features five spacious bedrooms and five and a half bathrooms, providing ample space for comfortable living…
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This Chester County ZIP Code Among Hottest Housing Markets in Philadelphia Region
One local ZIP code in Chester landed among the hottest housing markets in the Philadelphia region for the fourth quarter of 2024, according to Intercontinental Exchange data, writes Ryan Mulligan for the Philadelphia Business Journal. Intercontinental Exchange ranks places based on sales and pricing momentum in each market. Elverson (19520) made the top ten of…
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Influx of Celebrities Driving Real Estate Prices Up in New Hope
Celebrities flocking to New Hope are driving up real estate prices, making it unaffordable for many who had hoped to call this quiet hot spot home, writes Julie Gerstein for Realtor.com. The interest in New Hope is partly due to its location, which is roughly halfway between New York City and Philadelphia. People are also…
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Toll Brothers CEO Pays Tribute to Founders and Philadelphia
Toll Brothers CEO Douglas C. Yearley Jr. credits the company’s enduring success to the values instilled by its co-founder, Bruce E. Toll, writes Kevin Riordan for the Philadelphia Inquirer. “This company was founded on grit, and on being smarter and working harder than anyone else,” Yearley said. “That speaks to how Bob and Bruce were…
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First Bank House of the Week: A Custom Ambler Home with Resort-Style Backyard Ready to Entertain
A stunning Mediterranean-style ranch home is now on the market for $1,295,000, offering a perfect blend of luxury, comfort, and convenience on a private 1.19-acre lot. This custom-built estate features 5,214 square feet of meticulously designed living space, recently updated with a new roof, refreshed interiors, and modern amenities. . . The welcoming front courtyard…
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See Which Philadelphia ZIP Codes Were Among Hottest Housing Markets in Region During Fourth Quarter of 2024
Four Philadelphia ZIP codes were among the hottest housing markets in the region for the fourth quarter of 2024, according to Intercontinental Exchange data, writes Ryan Mulligan for the Philadelphia Business Journal. ZIP code 19102 topped the list with an average list price of $1,132,618 and an average sale price of $784,054. The Center City…
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Montgomery County Has Five of the Top 10 Hottest Housing Markets in the Region
Five Montgomery County towns have been recognized among the hottest housing markets in the Philadelphia region, reports Joanne Drilling and Ryan Mulligan for the Philadelphia Business Journal. The analysis emphasized ZIP codes with surging sales activity and rising prices rather than merely expensive or popular markets. Wynnewood led Montgomery County, number 2 locally, with an…
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Nearly 200-Acre Elk Creek Farm in New Hope Hits Market for $10.5M
Elk Creek Farm in New Hope, with pre-Revolutionary War roots, has recently hit the market for $10.5 million, making it the most expensive individual property in the current Bucks County housing market, writes Ryan Mulligan for the Philadelphia Business Journal. The property, which totals 188 acres, was part of the original William Penn land grant.…
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Berkshire Hathaway Expands with Acquisition of High-Volume Team from Dresher
Berkshire Hathaway HomeServices Fox & Roach has successfully recruited the nine-agent team, Philly + The Burbs, from Compass Real Estate, reports Ryan Mulligan for the Philadelphia Business Journal. This Dresher-based team is led by principal agents Ashlee Check, Adam Brown, Joshua Hersz, and Karen Langsfeld. They achieved approximately $60 million in sales and an additional…
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Upper Darby School District Could Buy Closed Delaware County Hospital
Upper Darby School District is considering buying the now-closed Delaware County Memorial Hospital building for $2 million, according to a court filing in the Prospect Medical Holdings bankruptcy. The hospital building, closed since November 2022, is next to Upper Darby High School on Lansdowne Avenue and could allow the district to expand its facilities, writes…
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Toll Brothers Adapts Strategy Amid First Quarter Revenue Drop
Fort Washington’s Toll Brothers experienced a slowdown in growth during the first quarter of fiscal 2025, marking only the second year-over-year revenue drop since 2021, writes Paul Schwedelson for the Philadelphia Business Journal. The company reported $1.84 billion in home sales revenue for the quarter ending January 31, a 5% decrease from the same period…
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Divine Lorraine’s New Owners Eye Converting Hotel Back to Historic Roots As Apartment Complex
Over its more than 130-year history, the Divine Lorraine building on North Broad Street near Fairmount Avenue has served many purposes. Its history includes being used as a hotel, affordable housing for the Divine Peace Mission Movement, renovated into apartments, and most recently as an extended-stay hotel since May 2022. This all occurred in the…
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First Bank House of the Week: Stunning Midcentury Estate in Gladwyne Hits the Market for $1.95M
This $1,950,000 midcentury modern estate in Gladwyne offers a luxurious retreat on 1.18 acres of professionally designed park-like grounds. The 5,276-square-foot home features four bedrooms and 3.5 baths, combining elegant design with an ideal indoor-outdoor living experience. . . Inside, walls of windows flood the home with natural light, accentuating the hardwood floors and three…
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New Toll Brothers Community Brings 54 Homes to Collegeville on Former Farm Site
Toll Brothers has launched Hearthfield, a new 54-home luxury community in Collegeville, writes Paul Schwedelson for Philadelphia Business Journal. The new community is on a 29-acre site formerly occupied by Two Particular Acres farm, designed with every home on a cul-de-sac. It features residences ranging from 3,029 to 3,672 square feet with four to five…
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Bryn Mawr Home Gets New Life with Artful, Elegant Renovation
After over 40 years in their Bryn Mawr home, a couple sought a transformation blending modern style with traditional charm, writes Elle Smith Dallabrida for Main Line Today. Their vision: a space to showcase their extensive art collection, accommodate family, and honor the home’s history. For this ambitious project, they turned to Marc-Michaels Interior Design…
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First Bank House of the Week: Historic Abington Estate Blends 18th-Century Charm with Modern Luxury
For those seeking a blend of history and modern luxury, Highland Farm Manor in Abington, listed at $1,495,000, is a remarkable find. . . Dating back to 1721, this estate sits on a William Penn land grant and has been meticulously renovated to combine colonial charm with contemporary comfort. To read the full listing, visit…
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Philadelphia-Based Company’s App Helps Renters Achieve Their Dream of Becoming Homeowners
Philadelphia-based company Nido partners with landlords, such as the HOW Group, to help renters become homeowners, writes Courtney DuChene for The Philadelphia Citizen. Nido assists landlords in allocating five percent of a tenant’s monthly rent into a home savings account. The organization’s app also helps renters read relevant articles and to find resources that help…
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Upper Darby Considers the Fate of Now-Closed Tower Theater
The Tower Theater, once host to world-famous performers, has been closed since 2022. Now Upper Darby is contemplating what should come next for the historic theater, writes Pete Bannan for the Daily Times. The Tower opened as a movie house and vaudeville theater in the 1920s. A fire closed it in the early 1970s, but…
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