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

February 20, 2013

More Philadelphia AVI Updates

More Philadelphia AVI Updates Now that AVI dust is settling, the mass hysteria is dying down as owners of Philadelphia Real Estate realize that some people’s taxes have gone up, while others have gone down.  Property owners also are beginning to recognize that 1) a millage rate still must be determined and 2) City Council has all of 2013 to […]
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February 19, 2013

Philadelphia AVI Update and Timeline

Philadelphia AVI Update and Timeline As probably everyone in the Philadelphia Real Estate community knows by now the AVI tax assessment property values are out.  The millage rate however is not.  It is already clear that the southernmost, gentrifying or recently gentrified neighborhoods of Center City will be hit the hardest while many neighborhoods will see property taxes reduced.  A predictable amount […]
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February 18, 2013

Positive Real Estate News Across The Board

Positive Real Estate News Across The Board Not too long ago almost every article discussing real estate was negative but now the pendulum, as it always does, has swung and you literally can’t find bad news anywhere.  Home prices are up both locally and nationally, the number of transactions is up, days on market is down and investors everywhere are […]
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February 18, 2013

Cool New Listing: 285 Locust St, Philadelphia, PA 19106

285 Locust St, Philadelphia, PA 19106 Exciting news for fans of Philadelphia Real Estate, a fantastic value Society Hill new listing just hit the MLS at 285 Locust St. This 4 bed, 3 full, 1 half bath home offers 2520 square feet, gated parking, fireplace and an elevator. Asking price is $899,000 and the lot is a whopping 21×60! “The one you […]
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February 15, 2013

AVI Assessments Mailed – Your Taxes Are Going Up Today!

AVI Assessments Mailed – Your Taxes Are Going Up Today! Philadelphia’s Office of Property Assessments (OPA) is mailing out the new tax assessments under the much discussed Actual Value Initiative (AVI) today.  The mailings, in addition to the new assessed value, will include an opportunity for the homeowner to dispute assessments believed to be incorrect by filing a First-Level Review no […]
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February 14, 2013

Congress Extends Mortgage Insurance Tax Deduction

Congress Extends Mortgage Insurance Tax Deduction Congress, a part of The American Taxpayer Relief Act of 2012, just enacted legislation extending the tax deduction for premiums paid on mortgage insurance policies through December 31, 2013.  The mortgage insurance tax deduction is available to homeowners with an adjusted gross income under $100,000 and applies to amounts paid or accrued between December 31, 2011 […]
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February 12, 2013

COOL NEW LISTING: 1733-41 Brandywine St, Philadelphia, PA 19130

1733-41 Brandywine St, Philadelphia, PA 19130 Exciting news for fans of Philadelphia Real Estate, a REALLY UNIQUE new listing just hit the MLS at 1733-41 Brandywine St. This 2 bed/2 full/1 half bath home offers 3369 square feet, 1 car garage parking, an elevator and private garden. Asking price is $1,350,000 and LOT SIZE IS 54 x 60! 1733-41 Brandywine St, Philadelphia, PA 19130 “Absolutely magnificent […]
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January 31, 2013

COOL NEW LISITNG: 1822 Spruce St, Philadelphia, PA 19103

1822 Spruce St, Philadelphia, PA 19103 An extremely unique, architecturally significant listing just hit the MLS in Rittenhouse Square at 1822 Spruce St. This property offers commercial office space on the first two floors and 3 beds, 2 full bath and 4 half baths on the 3rd and 4th floors. With over 7,000 sq.feet and 2 car parking the $2,450,000 […]
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January 28, 2013

Tom Bradys House: Castle With A Moat

Tom Bradys House: Castle With A Moat Tom Bradys House: Castle With A Moat This has absolutely nothing to do with Philadelphia Real Estate but it still seemed worth posting.  Pete Blackburn of TheNosebleeds wrote a piece about the completion of Gisele and Tom Bradys House. The new construction home (started Spring 2011) boasts 22,000 square feet, 8 bedrooms, six-car garage, lagoon-shaped […]
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