Real Estate
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In Philly Metro, Baby Boomers Lead Home-Buying Trends, Surpassing Millennials
Baby boomers overtook millennials last year as the largest segment of the home-buying population as they continue to downsize by buying smaller homes, writes Sandy Smith for the Philadelphia Magazine. Several trends are driving this rise in home purchases. The older half of the generation has mostly left the workforce and is now looking for…
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Delaware Records Most Expensive Residential Sale Ever; duPont Estate in Dewey Beach Sells for Millions…to be Razed
The 82-year-old duPont estate in Dewey Beach, Delaware, sold for a record $9.1 million. The trio of purchasers plan to raze the property and rebuild anew, writes Kennedy Rose for the Philadelphia Business Journal. The transaction represents the most expensive residential sale in Delaware. The property, known as Sandaway, was originally listed for $11.5 million…
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Center City Housing Units Have Reached A 5-Year High
More new housing units have been built in the Center City area over the past year than in the previous four years, writes Aaron Moselle for WHYY. Data from a new Center City District housing report indicates that residential construction could continue to rebound from its pandemic lows in 2020 and 2021. The report focuses…
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First Bank House of the Week: Charming Stone Bank Barn in Blue Bell
A charming stone bank barn home on 5.89 gorgeous acres with three bedrooms and three and a half bathrooms is available for sale in Blue Bell. >>>> Perfectly set on a quiet cul-de-sac, Walmere Manor boasts impeccable grounds highlighted by lush gardens, pristine landscaping, and a lovely one-acre pond with a dock and fountain. The…
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South Philadelphia’s Quartermaster Plaza Goes Off the Market After Owners Pivot Approach
Quartermaster Plaza in South Philadelphia is now off the market eight months after its owners originally had it listed, writes Paul Schwedelson for the Philadelphia Business Journal. The reasoning is due to the owners failing to find a buyer for the property. DRA Advisors and KRP Centers, two New York-based firms acquired the 456,208-square-foot shopping…
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Owners Create Forever Ranch Home in Media, Then Life Took a Turn
They put their hearts and craftsmanship into their forever home, a customized contemporary in Media, but now work is taking them in a different direction and this ranch is up for sale, writes Sandy Smith for Philadelphia Magazine. The stylish “cabin in the woods” is actually in a wooded subdivision on Oak Valley Road in…
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St. Joe’s to Sell Former USciences Campus, Community Weighs
St. Joe’s is hoping to sell the entirety of the former USciences campus, and as a result, a community-based committee tasked with brainstorming ideas recently presented initial ideas to the Spruce Hill Community Association, reports West Philly Local. The committee is made up of representatives of local community groups, such as Friends of Clark Park,…
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First House House of the Week: Captivating Stone-front Colonial in Huntingdon Valley
A captivating stone-front colonial home with five bedrooms and five full and three half bathrooms is available for sale in Huntingdon Valley. This magnificent custom mansion is a true architectural masterpiece where the quality of build is evident in its design elements. . . The home – which boasts highly-coveted privacy – is perfectly nestled…
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A Building Boom: Toll Brothers Experiencing a ‘Strong Start to the Spring Selling Season’
Fort Washington-based Toll Brothers is having a positive start to the new year, writes Shaina Mishkin for MarketWatch. Tuesday, the luxury home builder reported that its shares were on the rise after it reported earnings that had surpassed the expectations of analysts. The home developer is also enjoying a “strong start to the spring selling…
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Homeowners in the Philadelphia Area Stay in Their Homes Longer Than Most Other Cities
Homeowners in the Philadelphia metropolitan area are staying in their homes longer than in most other cities and the country as a whole, writes Michaelle Bond for The Philadelphia Inquirer. According to analysis by the online real estate brokerage Redfin, the median time homeowners in the Philadelphia area have lived in their homes in 2023…
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Inside Abington Native Bradley Cooper’s $6.5 Million New Hope Farmhouse
Award-winning actor and Montgomery County native Bradley Cooper acquired a 33-acre farmhouse in New Hope, writes Mary K. Jacob for the New York Post. This $6.5 million purchase is amid his budding romance with supermodel Gigi Hadid, whose mother Yolanda, resides nearby. The six-bedroom, six-bathroom house dating back to 1704, spans over 6,300…
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Philadelphia is One of the 50 Most Coveted Cities For Renters, New Study Finds
RentCafe has released its first rental activity report of the year, ranking the top 150 U.S. cities based on renters’ intent to move. Philadelphia found itself among the top 50 of the list, finishing at No. 49, due to its high rental activity in January. Views of available Philadelphia rent listings increased by 71 percent…
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First Bank House of the Week: Stunning Custom-designed Colonial in Bryn Mawr
A stunning custom-designed colonial home set on 0.98 beautiful acres with six bedrooms and six full and three half bathrooms is available for sale in Bryn Mawr. …. …. This luxurious property is perfectly nestled on a manicured lot and features bespoke finishes throughout. …. …. The home welcomes you with its two-story foyer with…
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$700K Converted Garage Home in Nearby Fountain Hill Causing a Stir on TikTok
A lofty listing in Lehigh County’s Fountain Hill, a town just outside of Bucks County, has stirred controversy on TikTok, writes Geoff Weiss for Business Insider. A nearly $700,000 garage converted into a family residence was featured in a video by Tiktoker, Zillowtastrophess. The 4,000 square-foot residence is considered “loft-style,” and features three…
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Mid-Century Modern in Gladwyne Perfectly Blends Intimacy and Openness
Designed by Frank Lloyd Wright protégé William Ferguson Deknatel, a gorgeous mid-century modern home in Gladwyne perfectly blends intimacy and openness, writes Sandy Smith for the Philadelphia Magazine. The home welcomes you with a glass-framed sunken front door, which signals one of the main elements that are available throughout the home. The door leads into…
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First Bank House of the Week: Attractive Colonial in Pottstown
An attractive colonial home on 1.22 beautiful, wooded acres with four bedrooms and two full and two half bathrooms is available for sale in Pottstown. … … This lovely residence welcomes you with its bright two-story foyer with gleaming hardwood floors. Other highlights include an elegant formal dining room, a comfortable home office, a family…
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Residence Inn Hotel Near Sesame Place in Langhorne Sold for $22.1M
A 100-room Marriott hotel in Langhorne near Sesame Place is officially off the market, writes Emma Dooling for the Philadelphia Business Journal. Maryland-based Baywood Hotels bought the Residence Inn by Marriott Philadelphia Langhorne for $22.1 million. The 17-year-old property was purchased from New York-based MCR, a hospitality firm. Back in 2018, the firm…
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With Prices Reaching New Heights, Levittown Is No Longer Starter House Community
With home prices reaching new heights in Levittown, the once-affordable middle-class town is now seeing some first-time buyers priced out, writes JD Mullane for the Bucks County Courier Times. Last year, a home in Levittown sold for $635,000, which is a big number even for the town’s Gates sections in Middletown, which were always aimed…
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