philadelphia townhomes

3 Great Places to Eat on Philadelphia Pike

chef in the kitchen of a restaurant, cooking

The Philadelphia and Lancaster Turnpike is hailed as America’s first engineered road, and its first long-distance paved road. It was first used at the tail-end of the 18th century, and fortunately, it’s improved quite a lot since then. Today, travelers on Philly Pike can take a break from the road to enjoy the rich diversity of restaurants and eateries along their route.

New townhomes in North Wilmington

The fantastic dining scene on Philadelphia Pike is just one of the many reasons why singles, couples, and families have been moving to the North Wilmington, Delaware area. The area is also known for its beautifully designed, courtesy of Montchanin Builders. Browse our website to view our available properties in Darley Green or The Overlook at Rockford Falls. Our luxurious, new townhomes in North Wilmington are selling quickly, and we’ve partnered with a reputable lender to make it even easier for you to come home to our community!

Our homes for sale in North Wilmington are competitively priced, and there’s never a shortage of fun attractions and amenities nearby, including these three incredible eateries on Philadelphia Pike:

Mazzella’s Italian Restaurant

Mazzella’s is one of the best kept secrets of the Philadelphia Turnpike. It’s an award-winning restaurant that consistently gets rave reviews from its diners. The menu includes everything you’d expect from an Italian restaurant, including hot sandwiches, specialty pizzas (try the seafood toppings!), calzones, and Stromboli. Entrees include fettucine carbonara, penne primavera, and penne vodka with chopped prosciutto. Diners with special dietary requirements will be pleased to know that gluten-free penne is available. Don’t leave without checking out the dessert menu, which features limoncello mascarpone cake, homemade tiramisu, and homemade New York cheesecake.

Cajun Kate’s

Cajun Kate’s is run by husband and wife team, Don and Kate Applebaum, who met at culinary school. Both worked the famed restaurants of New Orleans before heading back up north to Delaware. Cajun Kate’s has earned a reputation for serving up authentic, made from scratch N’Awlins specialties like crawfish pies, crispy Cajun mac n’cheese, beignets, and Southern-style pralines. Currently, the restaurant is open Fridays and Saturdays for breakfast, lunch, dinner, and dessert.

Bellefonte Café

Just a few blocks from Philadelphia Pike, Bellefonte Café is one of those rare places where you can instantly feel at home as soon as you walk in the door. This casual, homey eatery exudes a bohemian ambience, and the staff is unfailingly friendly and attentive, without being overbearing. Housed in a residential-style building, you can relax on the beautiful wraparound porch, check out the herb gardens out back, or head inside to dine while being serenaded by live music.

The menu is pleasantly eclectic. Start with a Greek salad, roasted beet salad, or Thai chicken salad, or try the Moroccan sampler for a shareable appetizer. Try their unbeatable Philly cheesesteak, paired with apple slaw, or try the chickpea fajitas. In the mood for something a little different? Try the mango brie quesadilla or the vegan “cheesesteak” with chopped seitan, Portobellos, and melted Daiyo cheese.

Schedule a Personal Tour

To schedule a tour of the luxurious new North Wilmington townhomes brought to you by Montchanin Builders, call (302) 472-7212 today!

4 Different Ways To Celebrate New Year’s Eve in Philly

new year 2017

Just HOW big is New Year’s Eve in Philadelphia? The city is ringing in 2017 not once, but twice!

The SugarHouse New Year’s Eve Fireworks on the Delaware River Waterfront will take place at 6 p.m., and again at midnight. Inside, there is a grand celebration with live music from Burnt Sienna and an open bar. You can reach the casino by taking a cab or the SEPTA Blue Line to Old City and walking five minutes to Penn’s Landing. By car, you can park in one of the lots down Columbus Boulevard.

Aside from the main attraction, there are many other ways to celebrate New Year’s Eve in Philly.

 Party hopper pass

Having trouble deciding on just one place to party? The adventurous can purchase a NYE All Access Pass for $109 from Finn McCool’s at 118 S. 12th Street, which gets you into open bars at 1925 Lounge, Brü Craft & Wurst, Finn McCool’s, Mad River Bar & Grille, and Recess Lounge. DJs will be spinning Top 40, Hip Hop, Dance/House music from 9 p.m. to 2 a.m.

Enjoy the great outdoors

The Blue Cross RiverRink Winterfest is a popular spot for music, food, drinks and ice skating. The fire pits and cozy warming huts offer a nice respite from the cold — not to mention, one of the best views of the fireworks celebration. There will be a Kids Lodge set up with arcade games, food and drink from Garces and Chickie’s and Pete’s. Don’t forget to grab dessert at the Franklin Fountain Confectionary Cabin. All ice skating passes sell out early, but you can still come by the beautiful wintry scene as a “spectator” for $30, which includes live entertainment, a spot for the fireworks, and a party favor.

A family-friendly affair

North Bowl Lounge N Lanes is hosting New Year’s Eve festivities for the whole family from 5-8 pm, which will include bowling, a “ball drop”, food, games, DJ tunes, face-painting, balloon art, and caricaturist drawings. Tickets are $18 per person. You’ll have your choice of 17 bowling lanes, two full bars, pool tables, and arcade games.

Choose your own adventure aboard Moshulu

New Year’s Eve on the Moshulu offers a celebration aboard the oldest and largest square-rigged sailing vessel still afloat. The deck provides top-notch fireworks viewing, a dessert buffet, a cash bar and live music. You can also opt for the four-course prix fixe dinner that includes beef tenderloin, lobster tail, tuna steak, braised lamb shank, crab-crusted grouper, or beef short rib. Music options include a DJ spinning mid-deck, a pianist, in the dining room, and a jazz trio in the Orchid room. The cost ranges from $35 for children, to $125 from 3:30 – 6:45 p.m., or $195 from 7 – 10:30 p.m. Beverages are extra. If you are not dining, you can still join the party for $50, which includes dessert, access to a cash bar, and music.

Close to Philadelphia New Year’s Eve festivities

These are just a few of the many, many places to party on New Year’s Eve in Philadelphia. Philly, and all it has to offer, is only a short drive from Montchanin communities like Darley Green, Shipley Road and Town of Whitehall.

Contact our office for an exciting start to 2017 with a tour of available homes in Delaware.

Delaware Today Spotlights Hottest Montchanin Communities

montchanin builders homeIn the market for a beautiful new home in Delaware or Pennsylvania? Prospective homebuyers have more inviting options than ever before within the upscale communities offered by Montchanin Builders. This innovative residential construction firm, headquartered in Wilmington, has put their expertise and talents to work in five distinct communities in some of the most sought-after areas of New Castle County and Chester County, PA.

Montchanin’s “5 Hottest Communities in Delaware and Pennsylvania,” were recently featured in Delaware Today, giving families a sneak peek into the amenities, floor plans, community highlights and picturesque locales of each unique development.

Whether you’re searching for a luxurious estate home to grow your family, or a contemporary condo with an easy city commute, these new construction homes promise the best in architectural design, high-end finishes, and proximity to nightlife and recreation.

Darley Green – Claymont, DE

Darley Green is a 67-acre master-planned community that is Wilmington’s best kept secret. Its enviable location in the Claymont Renaissance District is attracting attention as the state’s first transit oriented, urban style community. Darley Green features elegant condominiums and townhomes along with its own town center, and is just steps from the SEPTA R2 line and the Claymont commuter train. Homeowners can walk to retail shops, dining establishments and a state-of-the-art library, and walking trails and communal green spaces.

The Town of WhiteHall – Middletown, DE

Situated just outside of Middletown, DE, the Town of WhiteHall is the area’s premier walkable community that seamlessly integrates nature, recreation, locally-owned businesses and stunning 3, 4 and 5-bedroom single family estate homes. Residents enjoy a backdrop of mature hardwoods and miles of scenic trails that lead to Lums Pond State Park. Homebuyers can choose from several floorplans that feature grand front porches, covered back porches, walkout basements and options to customize for an office or quaint reading nook.

Shipley’s Circle – North Wilmington, DE

Shipley’s Circle is a unique three-lot community nestled in heart of the Brandywine Hundred. Each 4 bedroom, 2.5 bath semi-custom estate home boasts a spacious 2-garage garage and dozens of luxurious amenities. These elegant single-family homes offer 2,825 square feet of living space and are centrally located close to shopping and entertainment as well as award-winning schools.

Rockford Falls – Overlooking Brandywine Creek, Wilmington, DE

Renowned for its tranquil rural setting on the historic Bancroft Mills site, the new community of Rockford Falls is currently under construction. The community is slated to have 3,000 square foot townhouses perched on the hillside, each with three spacious bedrooms, two car garages, and gorgeous views of the Brandywine Creek.

Willowdale Station – Pennsylvania Family Homes

Also under development is Pennsylvania’s newest “agrihood,” on a 26-acre property in Unionville. What sets this neighborhood apart from the pack is its community gardens, harvest barn and working fields. Montchanin will be lending its building expertise in the craftsmanship of 17 custom single family homes, each situated on a 10,000 square foot lot.

Schedule a home tour today!

Montchanin Builders is proud to bring quality affordable housing solutions for first (and second time!) home buyers in the Tri-state area. To learn more about our distinctive communities and move-in ready homes, we invite you to contact our sales team today. You can reach us online, or by calling (302) 376-1100.

Philadelphia’s Best Festivals & Events Are Just Around The Corner!

philadelphia skyline from delaware riverSpring is in the air and the warm weather is bringing people out of their homes for fun festivals and area events.

Montchanin Builders offers a low-maintenance condo and townhomes in Wilmington, Delaware — just 30 minutes from Philadelphia.

Check out these family favorites coming up soon.

Philadelphia Wine & Food Festival

Who doesn’t love food? The annual Philadelphia Magazine Wine and Food Festival is the ideal opportunity to get out and sample some of Philly’s best food and drink. Event highlights include sips of over 650 exclusive wines samples from around the globe, as well as new product tastings and classic bites from the most popular restaurants in the city. Eateries featured include 1100 Social, Bank & Bourbon, Crow and the Pitcher, Davio’s, Fat Jack’s and Laurel, to name a few. An on-site Fine Wine & Good Spirits store will be available to purchase take-home souvenirs of your favorite finds. Don’t miss this spring festival, held on May 3rd.

South Street Headhouse Spring Festival and Maifest

Spanning 12 city blocks, the 3rd annual South Street Spring Festival and Maifest is a German food and drink enthusiast’s delight, but also a free family-friendly gathering. This year’s festivities on May 7th will encompass 125 vendors, 35 participating restaurants, and 40 bands on 3 stages. Highlights include: burgers and sausages al fresco from The Twisted Tail; banana cream pies from The Sweet Life Bakeshop; giant pizza slices from Lorenzo’s; famous cheesesteaks from Jim’s; and frozen daiquiris from Fat Tuesday. Maifest is held at Brauhaus Schmitz, offering German beers, along with roast pork sandwiches, sausage sandwiches and bratwurst. Adding to the ambiance are the authentic dancers, the city’s largest maypole, and traditional German music.

Chinese Lantern Festival

This year, Franklin Square turns 10. To celebrate the historic landmark park, Philadelphia’s kicking off the first-ever Chinese Lantern Festival in the Northeastern United States. The nightly light spectacle will include 25 illuminated lanterns, giant flowers, a three-story pagoda and a 200-foot-long Chinese dragon. Daytime admission is free, where your family can enjoy rides on a carousel, mini golf, craft booths and vendors selling authentic Chinese goods. By night, you’ll need a ticket ($17 adults, $15 seniors and military, $12 kids) for the light show and food specials, in addition to live performances by acrobats, opera performers, dancers, and musicians. The festival runs from April 22 – June 12.

Delaware homes close to Philadelphia, PA

Living in Delaware has many advantages for people currently living in nearby Philadelphia, Pennsylvania. For starters, there is NO SALES TAX in Delaware. You can also get more space for your money and enjoy below-market prices with brand new homes starting in the low $200s.

We offer retail shopping at Brandywine Town Centre and Concord Mall in close proximity, as well as recreational paths and restaurants within walking distance. Commuting to Philadelphia for work is a breeze with easy access to I-95, as well as the SEPTA R2 line and Wilmington Amtrak station. Book your tour of the Darley Green community today!

Spring is the Best Time to Buy a New Home in Delaware

couple looking at new homeAlong with the warmer Wilmington weather comes an influx of calls about our new homes in Delaware. We’re not the only ones experiencing increased activity.

According to Realtor.com, about 40 percent of home sales take place from April through July. Homes are available all year round, but many shoppers take advantage of the spring season for several strategic reasons.

1. There’s more inventory

If you’re looking for a home with very specific features or wish to live in a particular neighborhood, it’s best to look in the spring when there are more homes on the market. Even in new developments where individual sellers are not a factor in determining when to put a home up for sale, builders like basing deadlines for completion to coincide with the increase in buyer interest, so spring is still a great time to look. Unlike the existing home market, you’re not likely to run into competitive rifts with other prospective buyers in a new homes community like Darley Green.

2. It’s a good time to move the kids

Since it could take four to six weeks to close on a new home, depending on a variety of factors, families who wish to move in the summer when the kids are off school should ideally start their search in the spring. Particularly for new homes where customization options exist, early house hunting gives you time to “get your house in order,” so to speak, and make desired modifications prior to a summer move-in.

3. Tax refund checks are coming

With the tax filing deadline coming up on April 15th and refund checks going out within 21 days after that, buyers will have a little extra padding in their wallets to put toward closing, moving costs or new furnishings. For Delaware residents, the average tax refund is around $2,563, according to SmartAsset.com.

4. Prices will only continue to rise, analysts warn

The CoreLogic Home Price Index reports that home prices have appreciated 6.3% over the past year. Their panel of over 100 economists, investment strategists and housing market analysts predicts that prices will continue to rise another 5.5% in the coming year. While mortgage rates have remained around a super low 4% rate, the National Association of Realtors and the Mortgage Bankers Association predict that the rate will be up almost three-quarters of a percentage point by this time next year, which will impact monthly mortgage payments.

Ready to buy a new home in Wilmington, DE?

Spring is a time of rejuvenation and fresh starts. If you’re considering a big move, why not get the property and lifestyle of your dreams sooner rather than later to begin life anew? Call us at 302-655-2600 to schedule a walk-through of Darley Green’s move-in ready condos.

We are located in the excellent Brandywine School District in a safe neighborhood with tree-lined streets, community gathering space, a state-of-the-art library, walking and jogging trails, a stream, green space and waterfront recreation and sports just minutes away. In the master-planned community of Darley Green you’ll find townhomes with up to 2,100 sq. ft. of living space and two-car garages, as well as two-story condos with up to 2,500 sq. ft. of space and one-car garages.

If you’re looking for a new home in Philadelphia, why not expand your search to Wilmington, which is just 15 minutes from the Philadelphia International Airport – but with lower taxes? We look forward to helping you with your spring home search!

Holiday Events in Philly

Christmas tree in downtown PhiladelphiaThough the weather outside may be “frightful,” it doesn’t stop local residents from getting out to enjoy all the delightful festivities of the holiday season.

Whether your idea of fun consists of hot cocoa and ice skating or shopping at Macy’s and high-tech light shows, the best of Philadelphia at Christmastime is less than 30 minutes from the Delaware townhomes of Darley Green.

Christmas Village at Love Park

Philadelphia’s annual transformation of Love Park into “Christmas Village” has been called “the Best Outdoor Event” by Philly Happening Magazine. Open from Thanksgiving through the last Sunday of December, the outdoor holiday market is modeled after traditional Christmas markets in Germany with vendors at more than 60 wooden booths, traditional European sweets, international gifts, arts and crafts, thousands of lights and a festive holiday tree.

Blue Cross RiverRink Winterfest at Penn’s Landing

The centerpiece of Winterfest is the Olympic-size skating rink overlooking the Delaware River lined with holiday trees. You’ll also find a ski-chalet style lodge, a winter garden, heated tents, fire pits, food vendors, themed parties, and holiday flea market.

Macy’s Holiday Light Show & Dickens Village

Starting the Friday after Thanksgiving and running through the end of December, Macy’s shoppers will be treated to over 34,500 LED lights on a towering pine, with another 65,000 lights decorating the scene. The voice of Julie Andrews and a Wanamaker Organ accompany your journey through classic holiday tales like The Nutcracker and Frosty The Snowman. The third floor of Macy’s flagship Philadelphia store is transformed into a 6,000-square-foot 1840s village with more than 100 animated characters telling the story of Charles Dickens’ A Christmas Carol. 

Franklin Square Holiday Festival & Light Show

No matter how many times you’ve been to Franklin Square, you don’t want to miss the Electrical Spectacle Holiday Light Show that runs every 30 minutes from 4:30 to 8 p.m. from November 12 through December 31. More than 50,000 lights flash in accordance with holiday music played by the Philly Pops – but that’s not all! Revelers can also ride a holiday train and carousel, nosh at Ben’s Bites & Brews food truck, play a round of mini-golf while staying cozy with warming stations, shop for unique gifts at the holiday market, visit with Santa, or participate in one of the many fun themed events like Star Wars Night, Frozen Night or Nutcracker Night.

Not sure what you’d like to see?

Hop aboard the Philadelphia PHLASH, which departs from the Independence Visitor Center every 15 minutes and makes 22 stops in Center City Philadelphia. For just $2, you can take the Holiday Evening Loop from 6-10 p.m. to experience Franklin Square’s Holiday Festival, Macy’s Christmas Light Show, Christmas Village at LOVE Park and more.

All the best is just a half hour drive from the master-planned community of Darley Green. To learn more about Montchanin Builders’ walkable, family-friendly community located in Delaware’s Claymont Renaissance District, please call 302-655-2600. 

Fabulous Summer Events in Philadelphia

family riding bikesThere are certain American cities that seem to come alive in the summer but possibly none more so than Philadelphia with its rich riverfront setting, multicultural residents, and spectacular historic traditions. The city seems to explode from Memorial Day to Labor Day with a calendar full of art, food, and music festivals, blockbuster attractions, sporting events, and family-friendly happenings.

Let’s take a brief look at where you can go to experience some real Philadelphia fun this summer:

One spectacular sight that never fails to catch everyone’s breath is the vision of a fleet of two to three hundred foot long three masted ships gliding under full sail into port. That’s what you’ll experience from June 25 to June 28 at the Tall Ships Challenge Philadelphia Camden 2015 as you’ll be able to climb aboard one of these beauties and go for a sail on the Delaware.

A convenient home base for enjoying Philly attractions

If you’re appreciating Philly for the first time or looking at Philadelphia condos as an option to make this gorgeous city your own, be sure to take a break from the many summer events to visit Darley Green, the master planned community of beautiful condos and townhouses just a quick twenty minutes away from downtown Philadelphia in Wilmington, DE.

You’ll find a wide selection of affordable condos and townhouses, great design, top amenities, and a wonderful small town feel. At Darley Green, you’ll get the best of both worlds—a dynamic and vibrant city full of culture and opportunity in Philadelphia and a delightful maintenance-free home base at Darley Green.

One of the best urban beaches in the world is in Philadelphia?

Yes, that’s exactly what the Huffington Post proclaimed Spruce Street Harbor Park on the Delaware River in Philadelphia. It called SSHP “a summer-festival-meets-urban-beach-mash-up that brings together pop-up restaurants, a sand pit strung with hammocks and a small beach with loungers and cozy fire pits. The highlight is a traditional wooden boardwalk lined with street food stalls and arcade games in old shipping containers.” Philadelphians wait all winter for this eclectic riverfront scene with its bocce court, beer garden, and a floating restaurant that Travel + Leisure Magazine calls one of “the coolest floating restaurants in the world.” And what’s also cool is that it’s FREE!

Follow Philadelphia folks in the know to another great pop up experience, the Oval, the City of Brotherly Love’s eight acre “Park on the Parkway” located next to the Philadelphia Museum of Art at Eakins Oval. Open all summer, the Oval is where you go for the latest art installations, live music, the best food trucks in town, not to mention craft beer and movie nights. It’s all summer and it’s also free!

Didn’t get enough ice skating this winter at RiverRink’s Winterfest downtown on the Delaware River? Revisit your “inner kid” this summer and roller skate at Philadelphia’s brand new Blue Cross RiverRink Summerfest. It’s got a great lodge, a play area for the kids, and will stay open until the end of September.

Darley Green just minutes from Philly events

The condos and townhomes at Darley Green in Wilmington, DE are a fantastic and affordable option for the smart buyer who wants all the big city amenities that Philadelphia has to offer but wants the luxury of a gorgeous maintenance free home just minutes away by car or train.

No matter where you live, what’s summer without one of America’s greatest 4th of July celebrations. Come to WaWa Welcome America in Philadelphia, a blockbuster Independence Day extravaganza of concerts, fireworks, and fun activities celebrating America’s independence.

Finally, we all hate for summer to end but what a great bookend for all the non-stop summer activities in Philadelphia is the two-day Made in America Music Festival over Labor Day weekend. Dozens of top music acts on multiple stages set up on the Benjamin Franklin Parkway and all curated by Jay Z provide a perfect cap to the summer.

Experience the best of both worlds at Darley Green

There are way too many summer fairs, festivals, and events in and around Philadelphia to list here. If you’re thinking Philadelphia condos are your only option, you’ll find there may be no more affordable and luxurious ways to experience Philadelphia than owning a move-in ready home at Darley Green, situated just five minutes from downtown Wilmington and 20 minutes from Philly.

Call 302-472-7213 to learn more about the many benefits of this master-planned community or to schedule a home tour of Darley Green.

 

Philadelphia Real Estate Market Booming – Price Points Go Up

townhome exteriorAll signs are pointing to another banner year for residential real estate in the Philadelphia region, according to a recent report by Berkshire Hathaway Home Services Fox & Roach. Low interest rates coupled with an increasingly robust economy means more people are snapping up properties with favorable mortgage terms.

Research shows that houses aren’t staying on the market nearly as long as they were just a couple of years ago. Philadelphia properties took an average of 78 days to sell last year, down from 98 days in 2012. The report also shows a rise in median sales prices across several counties, with Chester County the highest of them all with an average selling price of $305,000.

The HomeExpert report also reveals dwindling inventory compared to last year, leaving some homebuyers with little choice.

New homes near Philadelphia at Darley Green

With price points slowly creeping upward and less selection from which to choose, lots of people are beginning to hunt for their dream home in nearby markets, where $225,000 goes so much further in the way of space, comfort and curbside appeal. In reality, most new homes near Philadelphia are not only more affordable, they’re more luxurious.

There is perhaps no greater example of this in the Tri-State region than the master-planned community of Darley Green, where move-in ready homes feature tons of upscale touches, like gourmet kitchens with gas ranges, luxury master baths, 17-foot ceilings and built-in services like professional landscaping. You’d be hard-pressed to find a 2,500 square foot Philadelphia townhome with these perks at such a low price.

Darley Green’s central address in Delaware’s Claymont Renaissance District, just a 20-minute drive from Philly, ensures you won’t be sacrificing on location. On the contrary, homeowners are thrilled with the convenience of quick access to major thoroughfares I-495, I-95 and the Philadelphia Pike. Residents who commute daily can also rely on the SEPTA R2 line, the Amtrak Station and the Claymont commuter train – all just a few minutes away.

According to Darley Green homeowners, it isn’t just the location or amenities that make this neighborhood so special: it’s the family-like feel of a tight-knit community that truly cares for its residents. Neighbors can enjoy an afternoon jog on manicured trails, kids can play outside under the shade of trees, and friends can chat over coffee at one of the many onsite restaurants and eateries.

And being so close to the revitalized Wilmington Riverfront ensures plenty of entertainment and recreation for the young and young-at-heart, with excellent dining and nightlife, plus kid-friendly activities.  The city is also renowned for its vibrant arts and culture, including local theater companies that present main stage productions throughout the year.

Looking for peace and comfort? Explore Delaware living!

To learn more about the many benefits of homeownership at Darley Green, please give us a call to schedule a home tour today. You can reach our Information Center at 302.655.2600, or swing by any time between 11 am and 5pm to explore your potential new home in Delaware.

Resources:

BizJournals.com, Philadelphia-area homes selling at fastest pace in three years, http://www.bizjournals.com/philadelphia/blog/real-estate/2015/02/philadelphia-area-homes-selling-at-fastest-pacein.html

Philadelphia Townhome Buyers Swayed By More Than Just Interest Rates

Philadelphia townhomesThere’s good news for people in the market for Philadelphia townhomes or single family residences: the 30-year fixed mortgage rate shouldn’t break 5 percent this year. However, industry observers say there is more to a home buying decision than the interest rate.

“Consumer confidence and perception of the economy as a whole have a greater effect on residential real estate than whether the rates are at 4 or 6 percent,” Jeff Block, a Berkshire Hathaway Realtor, told Philly.com. In fact, he said, the hottest market in the last decade corresponded with the highest interest rates.

Here at Montchanin Builders in nearby Delaware, we see a number of buyers from Philadelphia, whether the interest rates are high or low.

Why do people buy homes for sale in Philadelphia?

Greg McBride, a chief financial analyst at Bankrate.com, believes the mortgage rates will hover between 3.75 and 4.25 percent this year. The lower interest rates benefit first-time homebuyers most. “In many cases, interest rates may be the difference between renting and buying,” explained Coldwell BankerAgent Frank Dolski. Similarly, this group may be motivated to jump into the housing market if they observe a slow-rising interest rate, fearing that they may be missing out on the best deals. A one-point interest hike may not seem like a big deal, but over a 30-year period, the principal and interest actually goes up by about 12 percent.

Other factors affecting home purchase habits include:

  • Downpayment requirements: In December, Fannie Mae and Freddie Mac announced a 3% down for qualified first time buyers.
  • Mortgage underwriting requirements: According to the “Mortgage Lender Sentiment” survey conducted by Fannie Mae, the number of lenders who have tightened their credit standards has dropped from 28 to 13 percent from the third to fourth quarter of 2014.
  • Household incomes: This has remained largely stagnant in 2014, with the median household income in Philadelphia County hovering around $37,192, according to the U.S. Census Bureau.
  • Consumer confidence: Nationally, consumer confidence hit an 11-year high this month, due to plunging gas prices and improved job markets. Retail data suggests a 3 percent jump in consumer spending this year.

Ultimately, job growth and increased incomes are needed to see a strong local real estate market as a whole, but we are seeing a steady stream of first time homebuyers with the means to purchase, especially when they see a great deal!

Looking at Philadelphia townhomes? Try Darley Green instead!

No matter what the interest rate may be, prospective buyers looking at Philadelphia real estate are attracted to Montchanin Builders’ Darley Green neighborhood for access to tax-free shopping, close proximity to amenities, and to get more space for their dollar. Our Delaware townhomes, condos, and custom homes are sophisticated and stylish, with generous features like spacious walk-in closets, and up to 2,500 square feet of living space.

Located just 20 minutes from Philadelphia, our neighborhood is a convenient commute for anyone looking at homes for sale in Philadelphia, but considering other options. With no sales tax, no inheritance tax, no tax on social security benefits, reasonable property taxes, and a very modest state income tax, Delaware is among the five U.S. states with the lowest tax burden.

For more information about Darley Green’s move-in ready homes, please contact Sales Manager Amy Maluski at 302.655.2600.

New Year’s Eve In Philly: Fireworks Gala to All-Nite Dance Parties

Philadelphia City HallThere’s something for everyone on New Year’s Eve in Philadelphia. You’ll find everything from funky arts festivals to extravagant feasts aboard sailing vessels. Family-friendly events are just as plentiful as all-night dance parties.

Delaware townhomes by Montchanin Builders are located just 20 minutes from all the action in the heart of Philadelphia. Our residents enjoy added benefits like no sales tax and better value for their real estate dollar. We’ll count down just a few of the top New Year’s Eve celebrations in Philly — all minutes from the doorsteps of the residents of Darley Green .

SugarHouse New Year’s Eve Fireworks on the Delaware River Waterfront

Shows take place at 6 p.m. and midnight, allowing fireworks fans of all ages the opportunity to celebrate. The best places to catch a view of the spectacular show include: the Blue Cross RiverRink Winterfest party at Penn’s Landing, the Independence Seaport Museum, the Hyatt Regency at Penn’s Landing, the SugarHouse Casino, Adventure Aquarium, and Franklin Square. Also consider watching the show from the water aboard the legendary Moshulu sailing vessel, the Battleship New Jersey, or the Spirit of Philadelphia cruise ship.

New Year’s Funkin’ Eve at FringeArts

FringeArts is one of the newer celebrations on the Waterfront with “all the funk you can handle” from live performances by Red40 and the Last Groovement. A $15 ticket also gains you entrance to a beer garden, bonfire, balloons, and dinner specials at La Peg. Once the fireworks are over, the party continues with an all-night dance party.

Revolution House

Dance all night on a heated outdoor deck in Old City, amid excellent views of the fireworks over the Ben Franklin Bridge. For $20, enjoy drink specials, music, dancing and a champagne toast at midnight.

XFINITY Live! Philadelphia

One admission gets you into seven parties under one roof, with a bonus tent outdoors! You’ll be treated to five hours of open bar, live music from Lima Bean Riot and Split Decision, special party favors, and New Year’s bash coverage on over 75 TVs.

Club Vetri at Alla Spina

Looking for something all-inclusive? For $120-$140, Alla Spina offers an open bar with Yard’s drafts, cocktails from Philadelphia Distilling, and a champagne toast. Food includes all your Vetri family favorites — Osteria’s Fiorentina steak, Lo Spiedo’s roast brisket, Amis’ bruchetta, and Pizzeria Vetri’s pizza al taglio. A live DJ and dancing will send off 2014 with a whirlwind of fun.

New Year’s Eve Midnight Run 5K

Fitness buffs won’t want to miss the annual Philadelphia New Year’s Eve Midnight 5K Run, starting at McFadden’s at the ball park in South Philly. Runners can pick up their packets as early as 9:30, but the race kicks off at midnight. The $60 registration includes admission to McFadden’s after the run, with open bar and food. Space is limited to 750. Cash prizes are awarded to the fastest man and fastest woman racing in formal attire.

Delaware Townhomes by Montchanin Builders

Kick off the New Year in a brand new home! Our community is a serene place to call home – with tree-lined streets, communal green space, walking trails, and a stream. Shopping, dining and a state-of-the-art library are all within walking distance, as are schools in the Brandywine District.

Our Delaware condos and townhomes come with two-car garages and up to 2,100 square feet of living space in traditional style homes updated with modern features. Described as “affordable” and “charming,” Darley Green represents community planning at its finest. Call 302-655-2600 for more information.