Real Estate News

This section was specifically created by the Center City Team to provide the most up to date real estate news and data pertaining to the Philadelphia community. Find all of the real estate related news impacting Philadelphia and the surrounding suburbs.

We hope you enjoy the information we offer! If we can help you in any way, please speak with one of our talented real estate agents, or directly contact the Center City Team office: 215.440.2093

March 9, 2020

Center City Listing Sets New Pricing Record

A jawdropping penthouse condo with views of Independence Square has rocked the small world of Center City real estate with a heretofore unheard-of price tag. Listed for a cool $32 million – the approximate amount that a Top 10 NFL player makes in an entire season – the home on the top floors of the insanely chi-chi 500 Walnut building […]
January 16, 2020

Decrepit Old City Parking Garage Gets Second Life

At 37-39 S. 2nd Street in Old City, there’s a rundown parking garage. Poorly-lit and sporting ancient, yellowed signage, it doesn’t look like much of anything except scary. However, a real estate company owner saw potential in the aging structure and scooped it up recently. Unlike most sales of downtrodden real estate in booming Old City, the parking garage is […]
January 9, 2020

These Energy-Saving “Hacks” Don’t Cut It

Nowadays, everyone is concerned with saving the Earth – going green, reducing one’s carbon footprint, saving the turtles, and all that good stuff. But while we all want to fix our major problems like climate change and greenhouse emissions, we have to recognize that change starts with us. If you are a typical conscientious homeowners, you probably separate your recycling, […]
January 2, 2020

Luxury Hotel Coming to East Market This Spring

Philadelphia is a big city that has long been plagued by one major shortcoming: there simply are not enough hotel rooms available for guests when the city hosts large events. The Pope’s visit, the DNC, and other international banner events have left would-be guests clamoring for overpriced Airbnb units or staying on friends’ couches, since the limited hotel space gets […]
December 26, 2019

The Saga of the Disney Hole at 8th and Market

It’s a prime piece of in a desirable and hot part of Center City. Sandwiched between the gleaming edifices of condo towers and ritzy downtown retail, this lot, bursting with potential, is currently nothing but a carpark. How did such a gem come to be jinxed, and why hasn’t someone stepped forward to try and claim it? It’s all in […]
November 21, 2019

Have We Hit Max Open-Concept? A Philly Rental Challenges the Trend

“Open concept” as a real estate buzzword has, in my humble opinion, hit peak saturation. I myself don’t see the point in knocking down perfectly good walls that delineate living space and allow for privacy and containment of noise, but I realize that’s a personal preference. The majority of today’s buyers want a free-flowing, wide-open floorplan where kitchen, dining room, […]
November 13, 2019

Permanent, Affordable Housing Coming to Point Breeze

Affordable housing is at a critical low, not just in Center City, but in the suburbs surrounding downtown as well. It’s truly a problem that affects all of Philadelphia, but its densely-packed core experiences the housing issue most keenly. Rochelle Nichols-Solomon grew up in Point Breeze. It’s her neighborhood. She’s lived to see the neighborhood change, largely in part due […]
November 12, 2019

Island vs. Kitchen Table: In Philly, There’s an Unlikely Winner

Go, right now, and look at just about any high-end condo listing on this site. Check out Rittenhouse Square penthouses, remodeled Victorians in Wash Square West, or hipster-chic walkups in NoLibs. The hottest properties will all have (at least) one thing in common: a spacious kitchen island with either a deep, large sink or an inset range, with trendy barstools […]
October 24, 2019
quaker house

Quaker Manse in Philly Suburb is a Piece of History

It’s a rambling, large home that took about 200 years to build. Suffice it to say, you’re getting a load of character and quirky Pennsylvania history if you buy 411 Old Forge Road, located in the Philly suburb of Media. Tiny and quiet with a population of just 5,000+ and a rural feeling, Media is a great place to raise […]