Real Estate
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Philadelphia Real Estate Agency Reveals Two Montco Primo Residential Properties under $500k
Houwzer, a Phila.-based real estate agency, sought to find out what standout local properties new home purchasers could call their own on a $500k budget or less. The result of its analysis yielded five possibilities across the region, including two in Montgomery County. One listing is at 421 East 11th Avenue, Conshohocken. It’s a four-bedroom,…
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Summer Residential Real Estate Trends: Do Price-Tags’ Drop Indicate a Market Bubble Pop?
Home sellers nationwide — and in the Phila. collar counties — started dropping asking prices in July, perhaps signaling the pop of a market bubble that has inflated wildly for more than a year. Dana Anderson, of Redfin, unlocked what might be notable changes in the market. Buyers have become increasingly hesitant to pay sky-high…
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Lower Merion’s Dolobran Estate, Created for RMS Titanic’s Commissioning Executive, on Sale for $3.3M
The Dolobran Estate in Haverford, designed by the renowned Victoria-era architect Frank Furness for Clement A. Griscom, a shipping magnate associated with the Titanic, is on the market for $3.295 million, writes Ryan Mulligan for the Philadelphia Business Journal. The seven-bedroom, nine-bathroom home is located at 231 Laurel Lane, Haverford. It was built in 1881…
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Malvern Bank House of the Week: A Home That’s Got Lots in Pottstown
121 North Adams Street, Pottstown, is a three-bedroom, two-bathroom twin that was originally built just west of The Hill School in 1900. It has been wholly renovated, with new quality flooring, generous granite counters, ceramic-tiled backsplashes, new kitchen cabinetry, under-cabinet lighting, and new stainless appliances including dishwasher and built-in microwave, and range. As a further…
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Mont Clare Family Brings Flood Protection Efforts to New Heights
The Mackay-Sell family home has been jacked up: not pricewise, not tech-wise, not in décor, but architecturally. It been raised eight feet as a preventative measure against floodwaters. Justine McDaniel waded into the details for The Philadelphia Inquirer. The Sept. 1, 2021, devastation by Hurricane Ida was particularly hard on Mont Clare, given its proximity…
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Townhouse Project at Turtle Creek Golf Course, Limerick, Steadily Creeps Forward
Like one of its namesake reptiles poking its head out of its shell, the emerging transformation of 15.6 acres of Limerick’s Turtle Creek Golf Course into a site for 90 townhouses is making itself evident. Joe Zlomek, of The Sanatoga Post, updated readers on the progress. The project now has a visible presence, as contractors…
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Malvern Bank House of the Week: Royersford Twin That’s Singularly Charming
309 Washington Street, Royersford, may be attached to another home, but it stands alone in terms of a cozy retreat with a modern and stylish interior. Further, its setting in the borough gives its owners walkable access to local treasures, including Victory Park, Annamarie’s Place (mmmm… breakfast), and the Royersford Library. Experiencing the home begins…
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Another New Apartment Complex Indicates that Conshy Market Isn’t Yet Getting Bunchy
After a years-long run of residential real estate development in Conshohocken, the borough hasn’t saturated out. The ongoing market capacity continues to be borne out by new projects like the one High Street Residential and MetLife Investment Management have just finished there: Matson Mill. Jordana Rothberg, of Multi-Housing News, unlocked its details. Construction of the…
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Montco Networking Org Invites CRE Professionals to Gather, Connect under One Roof
The Chamber of Commerce for Greater Montgomery County offers local commercial real estate professionals a specific forum. Called the Montgomery County Development Professionals (MCDP), its membership is open to industry participants that include commercial realtors, developers, bankers, engineers, title agents, and real estate attorneys. The MCDP has created a dynamic and competitive business climate county-wide.…
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Malvern Bank House of the Week: Elkins Park Home for Mom and Dad; Hangout Spot for Kids
The corner property at 83304 Tulpehocken Avenue, Elkins Park, is a split-level, four-bedroom, 2.5-bath that was built in 1950 but updated continually since then (one distinct advantage of purchasing the former home of a civil engineer). The home has a number of distinctive features — including a solo driveway, a rarity in a neighborhood in…
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Toll Brothers Notes Ongoing Chill in Housing Market, Whispers Subtle ‘Brrr’ to Investors
Toll Brothers, Fort Washington, indicated to investors last week that it is well aware of industry-wide evidence of a cool down of the years-long red-hot residential real estate construction market. Kit Norton nailed down the details of an evolving housing recession in Investors Business Daily. Anecdotal evidence aside, even the National Association of Home Builders…
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Malvern Bank House of the Week: 19th Century Farmhouse Dating to When Plymouth Meeting Was Hickorytown
The stone Colonial at 2368 Hickory Road, Plymouth Meeting, was built in 1850, when the Hickorytown community comprised mainly farmhouses and an occasional inn. Eventually, Hickorytown was melded into Plymouth Meeting, which took its name from settlers arriving from Plymouth, England, who, as Quakers, frequented area meeting houses. The property for sale retains much of…
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Development Deal Will Cause Norristown State Hospital Campus Residents to Lose Their Home & Services
People with serious mental illness currently living on the Norristown State Hospital campus are set to lose their home and support services in June in a development deal, writes Brett Sholtis for WHYY. While the state said it is working with counties to place the around two dozen patients in other programs, county mental health…
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National Residential Real Estate Trends Aren’t Slowing the Main Line’s Bullet Train of Activity
Despite nationwide slowing sales and warnings of potential buyers walking away due to rising prices, the Main Line housing market is showing no signs of cooling. Ryan Mulligan unlocked the details for the Philadelphia Business Journal. Most properties in the highly desirable area still face competing bids, propelling this suburb to new heights despite external…
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PREIT to Sell Exton Square Mall to Developer
The Pennsylvania Real Estate Investment Trust (PREIT) is planning to sell Exton Square Mall as it tries to raise funds to pay down its debt and avoid being delisted from the NYSE, writes Natalie Kostelni for the Philadelphia Business Journal. During a brief investor call on Tuesday reviewing the results from last year and the…
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Montco Home to Four of the 10 ZIP Codes in Greater Philly with the Largest Home-Price Increases in July
While home prices are starting to slowly drop nationwide, many local towns are still seeing record-high prices as inventory remains low and demand high, writes Ryan Mulligan for the Philadelphia Business Journal. In fact, four ZIP Codes in Montgomery County are among the 10 in Greater Philadelphia with the largest home-price increases in July. While…
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Pharma Giant Increases Already-Sizable Montco Presence, Inks Deal for 78,000 Square Feet in Lower Gwynedd
Merck, the pharmaceutical giant with sizable operations in West Point, is one of four life sciences companies that have signed a deal for space at Spring House Innovation Park in Lower Gwynedd, writes Natalie Kostelni for the Philadelphia Business Journal. The four deals total 117,000 square feet and bring the 14-building, 600,000-square-foot complex to 60…
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Singapore-Based Real Estate Investment Trust Acquires 400,674-Square-Foot Shopping Center in Pottstown
United Hampshire US REIT, a Singapore-based real estate investment trust, has acquired Upland Square, a 400,674-square-foot, grocery-anchored shopping center in Pottstown for a reported $85.7 million. Upland Square is one of the metro area’s largest and most successful grocery-anchored power centers. Currently 95 percent leased, the property’s wide range of dominant anchors includes Giant, TJ…
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