Despite being just a blip on the Delaware County map, the borough of Parkside’s motto of “small but strong” certainly applies to its real estate market. Home sales may be one of the few things making any noise in the quiet community.
The action seems to revolve around Parkside’s many duplexes, which “present a great opportunity for the first-time buyer,” Weichert Realtors Associate Broker Barbara M. Mastronardo said in a Philadelphia Inquirer report by Alan Heavens.
The duplexes are attractive to both first-time homebuyers and investors for the sole reason that one side of the dual, two-bedroom units can be rented out.
“Investors recognize the value of Parkside, including the value of the Penn-Delco (school) district,” Mastronardo said.
Over the past six months, 21 homes have sold, with five pending and 16 actively listed.
“There is obviously pent-up buyer demand,” she said.
Read more about Parkside, and its thriving real estate market in the Philadelphia Inquirer here.