Real Estate
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New Neotraditional Construction Nestled in Lush Woods Across from Wissahickon Valley Park Hits Market
A new construction neotraditional home in Andorra across from Wissahickon Valley Park perfectly nestled in woods nearly as lush as those of the park itself has recently hit the market, writes Sandy Smith for the Philadelphia Magazine. While the home has a Philadelphia mailing address, it is actually on the Springfield Township side of Northwestern…
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Philadelphia-area Housing Market Showing Signs of Loosening
Despite months of growing prices and high mortgage rates, the Philadelphia-area housing market is starting to show signs of loosening, writes Ryan Mulligan for the Philadelphia Business Journal. The median home sale price in November was $355,000 in the region, which is 7.6 percent higher than the previous year. That is also a 1.4 percent…
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West Oak Lane Diner Will Rise Like a Phoenix as Part of a New Development
A fire forced the Oak Lane Diner on North Board Street just south of Elkins Park to close in 2015, but now it will rise like a Phoenix as it is reborn a part of a new development, writes Aaron Moselle for WHYY. The former home of the popular diner in West Oak Lane is…
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Conshohocken’s Seagis Property Group Sells Large South Florida Portfolio
Seagis Property Group, based in Conshohocken, has sold a portfolio of 25 industrial buildings across South Florida, writes Brian Bandell for South Florida Business Journal. Longpoint Partners, a private equity firm in Boston, now owns the buildings that are located across Miami-Dade and Broward counties. According to available documentation, not all the deeds have been…
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Renovated Georgian Revival in Elkins Park Blends Traditional, Modern Elements
An Elkins Park Georgian Revival built during the Depression blends traditional and modern elements to perfection, writes Sandy Smith for Philadelphia. The home built in 1935 has many unique features including the prominent central wing, large double-hung windows, and the curving main stairs in the foyer. The main floor includes a wood-paneled library with built-in…
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Toll Brothers’ Push to Offer More Diverse Housing Options Is Paying Off
Fort Washington-based Toll Brothers has increased the development of more affordable luxury homes as well as active adult communities in recent years, and the move is already paying off, writes Paul Schwedelson for the Philadelphia Business Journal. The homebuilder reported its fourth fiscal quarter results last week, and these types of dwellings are the ones…
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First Bank House of the Week: Gorgeous Stone-front Normandy in Blue Bell
A gorgeous stone-front Normandy home on 1.92 beautiful acres with five bedrooms and six full and two half bathrooms is available for sale in Blue Bell. This lovely residence boasts the finest details throughout, including hardwood floors, four gas fireplaces, and dual staircases. The foyer and hallway have custom millwork finishes which continue up the…
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Eagles All-Star Center Jason Kelce Expanding Haverford Estate With New Purchase
Philadelphia Eagles powerhouse Jason Kelce has acquired another piece of land that adjoins his existing Haverford property and is planning to build a giant mansion there, writes Mary K. Jacob for the New York Post. The 36-year-old six-time Pro Bowl center originally bought and settled in a modest but elegant home in the area in…
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Bala Cynwyd’s Velocity Venture Partners Acquires Colmar Industrial Property
Bala Cynwyd-based Velocity Venture Partners has acquired a 340,000-square-foot industrial building in Colmar for $30.7 million, writes Paul Schwedelson for the Philadelphia Business Journal. The 28-acre property is located less than a mile from SEPTA’s Regional Rail Colmar station, which makes it the only industrial building in Montgomery County that is close to a train…
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Montgomery County Among the 50 Places with the Fastest-Selling Homes
While high home prices and mortgage rates are impacting the U.S. real estate market, there are still communities in the U.S. where homes are quickly being bought up, writes Elena Cox for Stacker. Montgomery County and many other places in Pennsylvania are on that list. To determine the rankings, Stacker looked at the median number…
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8 Cities in Montco Have Some of the Most Expensive Homes, Is Yours One of the Them?
Home prices in the United States are still on the rise and finding an affordable home has become very challenging for many families, especially with the current high mortgage rates. In Pennsylvania, 8 of the 30 cities with the most expensive homes are in Montgomery County, according to Stacker. To compile the list, Stacker used…
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First Bank House of the Week: Enchanting Custom Tudor in Lafayette Hill
An enchanting custom Tudor-style home on 0.79 lovely acres with four bedrooms and four and a half bathrooms is available for sale in Lafayette Hill. . . This stunning residence radiates European, old-world elegance. Some of its stunning features include a turret, a circular driveway, and an exquisite backyard with an in-ground pool. . .…
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Penn Community Bank & PHDC Creating More Affordable Homeownership Opportunities
Recently, the Philadelphia Housing Development Corporation and the City of Philadelphia celebrated Turn The Key’s expansion across the city with a ceremonial ribbon-cutting. Turn the Key is a public-private partnership funded through the City’s Neighborhood Preservation Initiative to help up to 1,000 Philadelphia families become first-time homebuyers. City of Philadelphia employees get first preference. “The Turn the Key…
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Doylestown Borough Awards Local Couple with Stewardship Award for Maintaining Historic Home
A borough of Bucks County has recently recognized a local couple for the maintenance of their prestigious and historic home. The Borough of Doylestown recently awarded the Mayor’s Stewardship Award to a local couple due to the upkeep of their property. The borough acknowledges a local family for keeping the area beautiful on an annual…
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This Sprawling Huntingdon Valley Estate Could Be Yours for Just Under $3 Million
A $3M house budget can buy a variety of different types of properties depending on your location, writes Ryan Mulligan for Philadelphia Business Journal. Just in the Philadelphia area alone, what you can get for $3M can vary between Philly, the suburbs, and the Jersey Shore. Everything from a luxury condo to a sprawling estate…
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Across the Nation More Home Sales Are Falling Through, Not in Montgomery County Though
High costs are driving up the percentage of would-be buyers who back out of home purchase contracts across the United States, but here in Montgomery County, the real estate market is still hot, writes Grant Welker and Lisa Dukart for Philadelphia Business Journal. A recent Redfin analysis shows that nationally, 17% of homes under contract…
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Live Like Royalty: A Castle-Like Gladwyne Estate Hits Market for $8.495 Million
A historic Gladwyne estate very reminiscent of old English castles is now on the market for $8.495 million, writes Ryan Mulligan for Philadelphia Business Journal. The home was originally built for a member of the Montgomery Scott family and took 10 years, from 1895 to 1905, to be built. In 1915 it was bought by…
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Two Montco Shopping Centers Scheduled for Residential-Retail Redo
Federal Realty Investment Trust (FRT) is looking to change the traditional characteristics of two of its Montgomery County shopping centers. Natalie Kostelni covered the refreshes for the Philadelphia Business Journal. The intended redevelopment, still seeking approvals, is to refurbish Bala Cynwyd Shopping Center and Willow Grove Shopping Center, aligning them better with current commercial real…
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