8 Of the Best Neighborhoods in Philadelphia
Philly Real Estate Hotspots in 2013
Philly Mag recently compiled a ton of data on where people are buying & who they are. The information may surprise or delight you but it matches right up with the trends we’ve been seeing.
1. Graduate Hospital
Graduate Hospital along with it’s southern neighbor Point Breeze has been a hotbed of residential activity. Buyers priced out of Rittenhouse Square started looking south 10-15 years ago & saw opportunity in a neighborhood full of empty homes & empty lots. As renovations & new construction infill development surged south so did the new residents. With most of Graduate Hospital filled in & prices rising development continues to creep south into Newbold & Point Breeze. Walkability continues to be a top priority & proximity to Center City & public transportation makes walking a reality for these residents. New businesses have been springing up along South Street West, Washington Ave., Grays Ferry Ave. & dotted along random corners throughout the neighborhoods. Want to see what’s for sale in Graduate Hospital & Point Breeze? Click here.
2. Fishtown & Kensington
These are two old school Philly neighborhoods that have their own “vibe”. They are a mix of old & new residents & the demographic buying can’t be fit into a tidy little box. Sure, there are hipsters…but there are also families & young professionals. There is also a lot of housing variety: renovations, new construction & converted warehouses make sure there is something for everyone. Businesses are springing up along Frankford Ave. & E. Girard Ave. to service the influx of residents. Even Stephen Starr has set up shop on Frankford Ave. with his popular beer garden Frankford Hall & BBQ joint Fette Sau. It is easy to get into Center City & you really get a lot for your money. Want to see what’s for sale in Kensington? Click here. Want to see what’s for sale in Fishtown? Click here.
3. Avenue of the Arts
Historically, Broad Street housed mostly office buildings & theaters. Now, condo & apartment buildings abound & ground floor commercial & retail caters to the influx of residents. There is a vibrant dining & shopping scene. Not to mention the makeover City Hall is getting with the construction of Dilworth Plaza. Want to see what’s for sale on the Avenue of the Arts? Click here.
Fairmount or the Art Musuem Area is a leafy retreat riding Fairmount Park full of old homes with gorgeous architectural details, carriage houses, condos & a lot of new construction in the section below Corinthian called Francisville. There are so many good restaurants (including a new Vetri spot), a nice shopping district along Fairmount & a Whole Foods with parking. The Barnes Museum is revitalizing the lower section of the Parkway, the new apartment building the Granary just sold for a record high of 121 million & restaurants are popping up all along North Broad Street. Want to see what’s for sale in Fairmount? Click here.
5. Northern Liberties
Northern Liberties was an artists enclave 10 years ago. The newest residents moving in are higher income earners who love the neighborhood feel, walkability & range of housing options. It’s a small geographic area so single family homes go fast & for a higher price than expected. Want to see what’s for sale in Northern Liberties? Click here.
6. Rittenhouse Square
Rittenhouse is our most glamorous neighborhood for sure. Plenty of shopping, see & be seen restaurants, luxury condos, gorgeous architecturally significant brownstones & a beautiful park with great people watching is all right in this neighborhood. Rittenhouse is popular with empty nesters, young professionals, athletes, local celebs, families & the Penn network. Want to see what’s for sale in Rittenhouse Square? Click here.
7. Lower North Philly
We can thank the Temple University expansion for this one. We have sold a ton of investment real estate over here as well as some single family homes. Price point is low, proximity to center city is good & pricing has been trending up for a few years now. Want to see what’s for sale in Lower North Philly? Click here.
8. Washington Square West
Wash West is Rittenhouse Square’s grittier (but still luxe) neighborhood. Great independent boutiques dot the neighborhood, 13th Street is home to some of the best restaurants as well as some of the hardest reservations to get & the ‘hood oozes charm in it’s tiny side streets with cozy coffee shops & bars. There are stately old brownstones, boutique condos & high rise condo buildings. Want to see what’s for sale in Washington Square West? Click here.
Philly is such a great city with so many charming neighborhoods…many of which did not make it to Philly Mag’s list but we know very well. If you need help finding a home in one of these awesome neighborhoods (or another one) contact us today!