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

October 18, 2011

$60 Million Hilton Hotel Coming To Center City Philadelphia

  Hilton Home2 Suites has begn construction on a $60 million new hotel in Center City Philadelphia according to an annoucement by Mayor Michael Nutter, the developer and city officials.   Home2 Suites is the newest hotel in the Hilton portfolio and as the name suggests the hotel is made up entirely of suites and was designed to compete with Starwood’s W Hotel […]
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October 18, 2011

September Philadelphia Real Estate Market Data

  Here’s the latest market data for the Philadelphia real estate market compliments of TREND MLS. Market History In Philadelphia County, Settled units increased nearly 7% in September 2011 compared to September 2010. The Median Settled price also increased nearly 9%, to $130,000. Year-to-Date Market Snapshot In September 2011, Philadelphia County settled 6,828 units at an average price of $163,000. […]
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October 18, 2011

Will Smith New Owner Of Philadelphia 76ers…Seriously

Will Smith New Owner Of Philadelphia 76ers…Seriously Comcast Spectacor completed the sale of the Philadelphia 76ers to a group of individuals that included Philly’s own Will Smith and his wife Jada.  New York investors and University of Pennsylvania Wharton grads Joshua Harris and David Blitzer are the majority owners but the full list of partners is below.  Hopefully this will […]
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October 17, 2011

It’s Time To Buy That House (In Philadelphia)

It’s Time To Buy That House (In Philadelphia) What a great follow up to my post about how Philadelphia home values have held value or increased in value since 2005.  Nationally, US home prices have lost nearly 1/3 of their value and would be buyers are opting to rent or wait.  According to the Wall Street Journal article, “It’s Time To Buy […]
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October 16, 2011

Philadelphia Home Values Are NOT Declining

Philadelphia Home Values Are NOT Declining Location, Location, Location –  Buying Real Estate In Center City Protects Your Investment Philly.com posted a really cool article today named “Home Price Survey 2011”.  The article includes an in an interactive map that shows the median price values of each Philadelphia neighborhood (by zip code) for the years 2005-2011. Click here to play with […]
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October 15, 2011

Brooklyn Transplant BARCADE Now Open in Fishtown

Brooklyn Transplant BARCADE Now Open in Fishtown The latest New York transplant to hit Philly is sure to be a fan favorite.  Barcade, part bar part arcade, was born in Williamsburg, Brooklyn and merges American Craft Beer and Classic Arcade Games and is officially open for business in the Fishtown neighborhood.  Located at 1114 Frankford Avenue between Girard Avenue and the Delaware […]
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October 14, 2011

Philadelphia Housing Authority To Auction 400+ Philadelphia Homes

Philadelphia Housing Authority To Auction Hundreds of Philadelphia Homes The Philadelphia Housing Authority will, for the first time ever, auction more than 400 properties in North Philadelphia, West Philadelphia, and South Philadelphia in an attempt to reduce surplus inventory that is not being used.  The auction will be conducted by Max Spann Real Estate & Auction Co. and will take place […]
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October 14, 2011

University of Pennsylvania Begins Building SHOEMAKER GREEN

University of Pennsylvania Begins Building SHOEMAKER GREEN PlanPhilly reports that over in the University City neighborhood UPenn has begun construction on the latest PennConnects project called Shoemaker Green. Shoemaker Green is a 3.75 acre public green space that links the UPenn campus to recently completed Penn Park and thus to Center City Philadelphia. The space was formerly used as tennis […]
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October 13, 2011

Help Save Bella Vista Mural!

Help Save Bella Vista Mural! Just got an email from my Philadelphia real estate agent and developer friend asking me to sign a petition to save a mural near her Bella Vista home.  The mural is located at the intersection of 9th Street and Bainbridge Street across the street from Palumbo Park near the Italian Market.  I’m not a big fan of […]
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