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

July 12, 2011

Twisted Tail and Philly Real Estate One Liners

The Twisted Tail, Philly’s newest Bourbon and Blues bar, is opening at the site of the old Kildare’s in Headhouse Square (509-11 S. 2nd Street) The liquor license application and contractor permits are posted and progress is being made at Audrey Claire’s latest venture Cook – the collaborative kitchen restaurant on the corner of 20th and Rittenhouse streets in Rittenhouse […]

July 9, 2011

Jonathan Miller Predicts Five More Years of High Foreclosure Rates

[youtube]http://www.youtube.com/watch?v=EhgZctkWqw8&feature=player_embedded[/youtube] Check out the video above. Jonathan Miller, consultant, founder of Manhattan real estate appraisal firms Miller Samuel and Miller Cicero recently gave an interview to Bloomberg Law in which he predicted 5 more years of high foreclosure rates nationally. Philadelphia foreclosure rates are still considered to be low in a national context, especially for a large metropolitan area. As Kevin Gillen has […]

July 9, 2011

New Carl Dranoff Development at Intersection of Broad and South

New Carl Dranoff Development at Intersection of Broad and South Just weeks after being named reciever of the Rittenhouse Square luxury condo building 10Rittenhouse NakedPhilly is reporting that developer Carl Dranoff will turn the Garden of the Arts, located on the Northeast corner of Broad Street and South Street, into a six story mixed use property with green space. The development […]

July 8, 2011

The Arrow Strip Club in Northern Liberties?

Seriously…I don’t even know where to start with this one. It wasn’t that long ago when the Arrow Swim Club in Northern Liberties, the adults only pool located a few steps from the Piazza, was the talk of the town. Well lately the Arrow Swim Club has been getting crushed in the press. See here and here, Apparently someone running that think […]

July 3, 2011

Philadelphia Real Estate Market Data May 2011

Philadelphia Real Estate Market Data May 2011 The Philadelphia Real Estate Market Data summary for May 2011 shows that year-over-year from May 2010 through May 2011 shows the following: an increase in inventory a decrease in sales a decrease in median price a decrease in sale price vs. opening price ratio Like most markets Philadelphia County (as a whole) has […]

July 3, 2011

Luxury Condos in Rittenhouse Square Holding Value

Luxury Rittenhouse Condos Holding Value The Wall Street Journal reports that upscale condos in areas like Rittenhouse Square Philadelphia exemplify a trend seen nationally – that condos and homes in the lowest and highest price ranges are selling more redily and holding value better than those in the middle tier. See the chart below. The example referenced in […]

June 30, 2011

Philadelphia Real Estate Development Temporarily Closes Dog Park

Philadelphia Real Estate Development Temporarily Closes Dog Park A few different sources are reporting that the 6 million dollar City of Philadelphia project to create a new crosswalk over CSX tracks that separate Center City from the Schuylkill River Banks has been delayed by local dog lovers who feel they weren’t given adequate notice of the closure. Initial work had already […]

June 28, 2011

Philadelphia Farmers Markets

Philadelphia Farmers Markets Philadelphia Farmers Markets Reading Terminal Market: 51 N 12th St; Mon.-Sat. 8 a.m.-6 p.m., Sun. 9 a.m.-5 p.m. Piazza at Schmidts: 1050 N. Hancock St; Sat.-Sun. Noon-7 p.m. and first Friday of every month 5:30-10 p.m. through Sept. 25 Greensgrow Farm Stand: 2501 E. Cumberland St.; Tue.-Sat. 9 a.m.-5 p.m., Sun. 11 a.m.-4 p.m. Oxford Circle: 900 […]