2014 Real Estate Forecast for Philadelphia
On the hunt for affordable condos in Philadelphia?
For house hunters and property developers across the nation, the good news is that real estate — especially housing — is no longer hindering economic growth. The recession is gradually easing up and the economy in recovery, bringing a glimmer of hope for both individuals in the market for residential properties and potential earnings on real estate investments.
According to the 2014 edition of Emerging Trends in Real Estate, the Philadelphia market has several positive indicators, which may bode well for current owners of condos in Philadephia. Price points are on the upswing, but with rising interest rates and a highly competitive market, some may want to consider alternative housing options in neighboring Delaware.
Townhome Philadelphia: current market trends
According to the annual nationwide survey of real estate industry professionals, boding well for Philadelphia real estate investment and homebuilding are forecasts of “good if not great” job growth in several sectors, including biological research and health care. Another good sign is a generational change in location preferences, with both Baby Boomers and Generation Y members shifting from suburban to urban communities.
Stephen Blank, a real estate expert, predicts that Philly may also reap the rewards of a “return to the ‘smile’ philosophy of real estate investment” — meaning that the most desirable areas of real estate development and investment are contained within the Sunbelt and coastal areas. On the whole, the majority of survey respondents suggested that Philadelphia commercial property owners should hold on to their assets, and more than 40 percent recommended buying residential property in the region this year.
Why more people are buying homes at Darley Green
While market trends indicate that now may be the ideal time to buy that new house you’ve been dreaming about, property taxes for Philadelphia townhomescan really put a dent in your yearly earnings.
That’s why savvy homebuyers are snapping up new construction townhouses and condos at Darley Green- Delaware's premiere transit-oriented, pedestrian-friendly community. Imagine your custom-built two-story home amid acres of beautifully landscaped grounds. Situated in the heart of the Claymont Renaissance District, this master planned neighborhood captures the ambiance and charm of a bygone era, with elegant condos and townhomes nestled around a bustling town center.
Enviable community features include a high-tech library that is nearing completion, jogging trails and maintenance-free living. Residents are walking distance from the Claymont SEPTA station, and easy access to major highways I-495 and I-95 make this neighborhood convenient for those who commute to Philly for work.
Boasting low real estate taxes, our well-appointed condos and townhomes leave nothing to be desired, and feature up to 2,500 square feet of finished living space. Some of Brandywine’s esteemed schools are walking distance from the community, which has a DART bus stop on site for quick jaunts to local points of interest.
Our luxurious Montchanin Builders’ homes offer more bang for your buck than most condos in Philadelphia, with standard features like walk-in closets, gourmet and eat-in kitchens and energy efficient appliances. Darley Green model homes are available for viewing any time from 11AM to 6PM. Please contact Amy Maluski, Community Sales Manager, at 302.655.2600 for more information.
