Real Estate
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Jenkintown Home with Mercer Tiles on Front Porch Hits the Market
A lovely six-bedroom, three-and-a-half-bathroom home originally built in 1890 with Mercer tiles on the front porch recently hit the market in Jenkintown, writes Paul Jablow for The Philadelphia Inquirer. The owners, Sophia Koropeckyj and her husband, Bohdan Pazuniak, wanted a home that had not been ruined by remodeling when they were looking to buy a…
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First Bank House of the Week: Splendid Stone Colonial in Wynnewood
A splendid stone colonial home on 0.9 acres with four bedrooms and five and a half bathrooms is available for sale in Wynnewood. . . Built in 1938, this gorgeous residence has undergone extensive renovations and upgrades in the past 12 years. Special attention was paid to maintaining the home’s priceless, original character. Highlights include…
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Toll Brothers Working on 11 Projects with Over 1,600 Total Units in Philadelphia Region
As low inventory continues to be a major problem for the Philadelphia housing market and prospective buyers, Fort Washington-based Toll Brothers is making a major push in the region, writes Paul Schwedelson for the Philadelphia Business Journal. The luxury homebuilder has been snatching up land in the suburbs and is currently working on eleven projects…
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Gen X Leads the Surge in Philadelphia Metro’s Millionaire Homeowners, Outpacing Boomers
The number of millionaire homeowners in the Philadelphia metro area is on the rise, with households that earn $1 million and more now being one of the fastest-growing income groups, according to a recently released study from Point2, an international real estate search website that covers industry trends and news. Nationwide, the number of households…
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Luxury Home Prices Continue to Rise Nationwide, but Not Here in the Philly Metro
The prices of luxury homes in the United States are higher than they have ever been, with the median-priced home selling for a record $1,225,000 in the first quarter, which is an increase of 8.7 percent from a year earlier, according to a recently released report from Redfin. Luxury home prices are growing primarily because…
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This Bryn Mawr Home Was Perfect For This Blended Family of Eight
Couple Sandra Choi Roderick and Matthew Gantz hit the jackpot in June 2021 when they found an 8,000-square-foot, six-bedroom house in Bryn Mawr for themselves and six young-adult-aged kids, writes Terri Akman for The Philadelphia Inquirer. The house, originally built in 1981, needed some renovating and updating, and Roderick had just the eye for making…
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Bala Cynwyd’s BMW Main Line Owner Buys Most Expensive Home in Palm Beach
Bala Cynwyd’s BMW Main Line owner has some new digs. Michael Cantanucci — the owner of the parent company that has dealerships in multiple states, including Pennsylvania — purchased a record-breaking $170 million home in Palm Beach, Florida. The Wall Street Journal reports that Cantanucci bought it from Robert Stiller, founder of Green Mountain…
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Median Home Price in Montgomery County Among Twelve Percent Most Expensive in Nation
Buying a home in Montgomery County is more expensive than in the majority of the rest of the nation, according to a new report from the National Association of Realtors. The National Association of Realtors compiled the list of County Median Home Prices by integrating the House Price Index growth data from the Federal Housing…
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First Bank House of the Week: Charming Historic Farmhouse in Lansdale
A charming, historic farmhouse on ten attractive acres with four bedrooms and two and a half bathrooms is available for sale in Lansdale. . . This beautiful 1700s residence is nestled in a peaceful setting with highly-coveted privacy. The home is approached on a sweeping driveway across a professionally engineered bridge overlooking a gorgeous aerated…
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Family Bought Farmhouse in Bucks County That Needed Saving and Kept Adding to It Over Years
When looking for a new home for their family, Jim and Connie Martin found a stone farmhouse in Bucks County they liked, but knew it would take a lot of work and time to save it, writes Laura Hoover for The Philadelphia Inquirer. But this did not deter the couple. They purchased the rundown building…
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This Bucks County Suburb Named Among the Best in Philadelphia
One Bucks County township has found its place among the 25 best suburbs in Philadelphia, according to a recently released report from Stacker. Stacker used data provided by Niche to determine the best suburbs in Philadelphia. Niche used several metrics to rank suburbs across the U.S., including diversity, the cost of living, the share of…
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How Montgomery County Stacks Up in Home Affordability Compared To Other PA Counties
The National Association of Realtors has released an interactive map that provides a visual representation of the median home prices for each county in the United States. This includes each county in Pennsylvania. Right now, the median monthly mortgage payment in Montgomery County is $2,650, for a median-priced home with a value of $430,230. This…
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RW Capital Sells Off Ridge Plaza Shopping Center in Royersford For $12.5 Million
RW Capital has sold the Ridge Plaza shopping center in Royersford to four buyers in separate transactions for nearly 60 percent more than it paid for it, writes Paul Schwedelson for the Philadelphia Business Journal. The real estate investment firm bought the plaza in 2015 for $7.9 million with plans to hold onto it for…
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Campbell Soup Heir’s Former Estate in Gladwyne To Sell At Auction
Linden Hill, the former home of Campbell Soup heirs for nearly 50 years, will be heading to auction in May, writes Lauren Peacock for Mansion Global. The French Norman-style stone mansion, which spans some 14,467 square feet and is accompanied by 26.3 acres, is being sold by Robert Burch, a venture capitalist. “We are really…
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Former Montgomery County Prison in Norristown Saved From Demolition
Montgomery County has taken a controversial proposal to demolish the former prison on Airy Street in Norristown off the table and will instead look for other purposes for the long-vacant landmark, writes Kevin Riordan for The Philadelphia Inquirer. The decision to save the imposing Gothic structure on one of the major streets in the county…
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First Bank House of the Week: Majestic Estate, Formerly Prized Piece of Ardrossan, in Villanova
A gorgeous converted barn on 16.93 stunning acres with eight bedrooms and ten full and three half bathrooms is available for sale in Villanova. This magnificent estate, now known as Albermarle, was once part of Ardrossan, the most extraordinary estate on the Main Line. . . Today, it is a collection of masterfully restored and…
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JPOrleans Acquires Land for River Trail at Valley Forge Community
JPOrleans, in partnership with the Piazza family, has recently acquired an 18-acre parcel in King of Prussia for the creation of River Trail at Valley Forge, a residential community featuring two-and three-story townhomes. The property is bordered by the Schuylkill River Trail and positioned adjacent to the Schuylkill River, according to a release from News…
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King of Prussia’s Office Market Sees Highest Occupancy Rates Since 2011
Office occupancy rates have reached new heights in King of Prussia, writes Paul Schwedelson for the Philadelphia Business Journal. Data from CoStar indicates an 89.3 percent occupancy in Upper Merion Township office buildings, the highest since 2011, though smaller and owner-occupied buildings aren’t included in this figure. The area’s appeal is boosted by its…
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