Real Estate
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Low and Middle-income Buyers Face Shortage of Affordable Homes in Philadelphia Area
Despite plenty of available homes for sale at high prices, low- and middle-income homebuyers in the Philadelphia metro area are currently facing a shortage of affordable homes, writes Michaelle Bond for The Philadelphia Inquirer. “Ongoing high housing costs and the scarcity of available homes continues to present budget challenges for many prospective buyers, and it’s…
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Malvern Bank House of the Week: Stunning Traditional in Oak Ridge Community
A stunning traditional home in the Oak Ridge community set on 1.03 lovely acres with four bedrooms and three and a half bathrooms is available for sale in Horsham. This dramatic Monroe residence that was completed last year offers 3,742 square feet of elegant living space. Highlights include the two-story foyer with its turned staircase,…
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Main Line Millennial Couples Are Being Stretched Thin Financially
Many young millennials on the Main Line are faced with a double burden of expensive real estate and hard-to-find childcare, writes Caroline O’Halloran at SAVVY/Main Line. For starters, the average price of a home on the Main Line is almost $1 million. That is almost 40% more than the average sale price last year. Both…
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Malvern Bank House of the Week: Enchanting Colonial in a Little Oasis
An enchanting colonial home with five bedrooms and two full and two half bathrooms is available for sale in Conshohocken. The residence is nestled on 5.15 gorgeous acres of picturesque landscape. The lush canopy of towering trees you drive through as you approach the home provides a sense of tranquility and privacy. The fauna surrounding…
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Supersize Homes, Supercharged Rental Market Putting Seven Mile Island Out of Reach of Everybody but Richest Buyers
Supersize homes and a sizzling residential market are making the Seven Mile Island resort towns of Avalon and Stone Harbor affordable only to the most affluent buyers, writes Ryan Mulligan for the Philadelphia Business Journal. A constant addition of new construction is inflating both the size and price of homes. The new houses often have…
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Malvern Bank House of the Week: Architectural Masterpiece in Huntingdon Valley
A magnificent colonial home with eight bedrooms and five and a half bathrooms is available for sale in Huntingdon Valley. This stunning residence set on a lovely one-acre lot is an architectural masterpiece that is the epitome of luxury living. It welcomes you with a breathtaking two-story foyer and butterfly staircase adorned with wrought iron.…
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Malvern Bank House of the Week: Lansdale Colonial Ideal for Entertaining Outdoors
The 1990-built Colonial home at 103 Beaumont Terrace, Lansdale, is in the Stone Ridge subdivision, a neighborhood of detached singles accessible from Upper State Road. Residents there send children to schools in the esteemed North Penn School District. The entry leads directly to the open-concept kitchen, recently upgraded with a new gas range. = =…
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Religious Organization Keeps Gladwyne Landmark, an ‘Extravaganza on a Hill’
The International Peace Mission Movement, a religious organization associated with the late Father Divine and his ministries, sold a 133-year-old Broad Street mansion while keeping the Woodmont mansion in Gladwyne, writes Kevin Riordan for The Philadelphia Inquirer. The Gladwyne property, a part of Father Divine’s significant real estate portfolio in the Philadelphia region, is described…
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Malvern Bank House of the Week: Perky Little Charmer in Perkiomenville
873 Kulp Road in Perkiomenville is three bedrooms, two baths, and a wonderful outdoor pool all bundled together in a quiet section of Montgomery County. The house, built in 1994, enjoys the privacy that comes from its lot of almost 12 acres. = = The neighborhood is secluded, that’s for sure. But visitors will nonetheless…
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22 Percent of Top-Priced Homes in 2022 Were Listings for Montgomery County Addresses
Philadelphia Magazine used a HomExpert Market Report from Berkshire Hathaway HomeServices Fox & Roach to assess 2022 home prices in the neighborhoods surrounding Philadelphia. The resulting rankings are based on multiple-listing service data, with percentages rounded up. Of the 50 sites analyzed, the top two were in Montgomery County. Community Montgomery County Rank Rank of…
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Tight Squeeze on Available Inventory Has Pushed Main Line Home Prices Up Almost 37 Percent
Owing to a tight squeeze on inventory, home prices on the Main Line have gone up by close to 37 percent year over year in March. The average sale price has inched closer to $1 million, reported Ryan Mulligan in the Philadelphia Business Journal. The effect of low inventory in Philadelphia’s already pricey suburbs went…
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Malvern Bank House of the Week: Glenside Property with a JFK-Associated Mural in the Dining Room
8201 Fenton Road, Glenside, is a one-of-a-kind Montgomery County home that dates to 1915, when architectural style and elegance were common design elements in this affluent neighborhood. One of its unique features is in the dining room. But the overall appeal of this home is self-evident even before opening the front door. = = The…
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The Inn at Bowman’s Hill, Located in New Hope, Hits Market at $4.5 Million
The Inn at Bowman’s Hill, a bed and breakfast in New Hope nestled on five lovely acres, just hit the market for $4.5 million. Emma Dooling wrote about the estate for the Philadelphia Business Journal. The 518 Lurgan Road lot is being marketed as a single-family property. Current owner Michael Amery bought the site and…
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Willow Grove Couple’s Home Décor Includes Victorian-Era Wallpaper and a Punk-Rock Deer
The Victorian-Era home of Ashley Devlin and Justin Crean is a whimsical study in contrasts. The Willow Grove dwelling has period details like red-flocked wallpaper. But it also has some wonderfully wonky accents, as reported by Terri Akman for The Philadelphia Inquirer. The couple arrived in Montgomery County from Philadelphia because of Crean’s need for…
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Philadelphia Among Most Active Locations for Renting in Country
Philadelphia ranked among the fifteen most active rental markets in the nation as well as the top three in the Northeast for April, writes Alexandra Both for RentCafe. To find out which cities are seeing the most listing activity and attracting the most attention from apartment hunters, RentCafe analyzed millions of interactions on its website…
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Irony Defined: Chinatown Could Be Reunited Just in Time for Massive Change from Penn Valley Developer
Philadelphia’s Chinatown neighborhood faces good news and bad news. An ongoing proposal continues to offer hope to locals wanting to reunite their community, which was separated decades ago by a highway. But the solidification advantages could then be erased by 76 Place, a development plan from Penn Valley‘s David Adelman. Aliya Uteuova covered this wrinkle…
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Toll Brothers Submit Land Development Application for Former St. Basil Academy Property in Jenkintown
Abington Township received a land development application from Fort Washington-based Toll Brothers for the former St. Basil Academy property in Jenkintown, reported Ryan Genova for the Glenside Local. The developer of luxury homes has been in contact with the township about the site since 2021. “As part of the land development application, the applicant will…
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North Wales Property — 18.5 acres, 10 Buildings, Elements from 1698 — Listed at Just Shy of $5M
A 1698 farm near Gwynedd Preserve in North Wales is up for sale, reported Ryan Mulligan in the Philadelphia Business Journal. The property has 10 buildings on it, four of which are residential. The main home is a five-bedroom, 4.5-bathroom structure that offers 5,300 sq. ft. of living space. Outbuildings along its tree-lined driveway have…
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