Real Estate
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3 of Most Expensive Homes Sold in Region Came From Delaware County
Delaware County had the eighth most expensive home out of 25 sold in the Greater Philadelphia Region between Jan. 1 and July 31, writes Todd Romero for Philadelphia Business Journal. A 5-bedroom, 6-full-bath home at 25 Orchard Lane in Villanova sold for $4.75 million on Jan. 10, 2022. A list compiled by Philadelphia Business Journal…
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Summer Residential Real Estate Trends: Do Price-Tags’ Drop Indicate a Market Bubble Pop?
Home sellers nationwide — and in the Phila. collar counties — started dropping asking prices in July, perhaps signaling the pop of a market bubble that has inflated wildly for more than a year. Dana Anderson, of Redfin, unlocked what might be notable changes in the market. Buyers have become increasingly hesitant to pay sky-high…
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Malvern Bank House of the Week: Contemporary in Chadds Ford
A gorgeous contemporary home on five stunning acres with five bedrooms and four and a half bathrooms is available for sale in Chadds Ford. The property has partially wooded views and offers a natural and private setting. The long driveway is accessed through an ornate metal gate. Highlights inside this contemporary home include an updated…
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Malvern Bank House of the Week: Stone Cape Cod Home Glen Mills
A fabulous Cape Cod-style home on 6.22 gorgeous acres at Hog’s Breath, with four bedrooms and three bathrooms, is available for sale in Glen Mills. Nestled in a bucolic country setting, this property – known as Hog’s Breath – also boasts luscious gardens, a springhouse, spring-fed pond, and a four-stall barn with a 100-bale hayloft.…
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Suburban Philadelphia Ranks Among the Nation’s Most Competitive Rental Markets
It’s no secret that suburban Philadelphia home buying exploded during the pandemic and is still going strong, but the suburbs have also become one of the most competitive rental markets in the country, writes Ryan Mulligan for Philadelphia Business Journal. Suburban Philadelphia is the 17th most competitive rental market in the nation this year, according…
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Malvern Bank House of the Week: Traditional Modern Home in Villanova
A lovely traditional modern home with seven bedrooms and eight full and three half bathrooms is available for sale in Villanova. This gorgeous residence is filled with interesting details, including a wall of photos and drawings in the powder room off the foyer that document the history of its construction. There are many impressive spaces…
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‘The World in One Place’: It’s a Different Upper Darby These Days
Upper Darby, Philadelphia’s largest suburb, is now also the most cosmopolitan, writes Sandy Smith for Philadelphia Magazine. In Upper Darby can be found “The World in One Place,” United Nations, PA, she writes. It’s former reputation as a white bread town is gone. In the past 30 years, immigrants from Asia, Latin America, Africa and…
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Malvern Bank House of the Week: Stunning Colonial in Newtown Square
A stunning colonial home on 0.8 beautiful acres with four bedrooms and four full and two half bathrooms is available for sale in Newtown Square. This beautiful residence is situated in the popular development of Brick House Farm and backs up to open space. Many gorgeous details include 9-foot ceilings, hardwood floors throughout both floors,…
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Permanent Child Care Tax Credit, One-Time Property Tax Relief Now Available in Pa.
Families in Pennsylvania will now be able to claim thousands of dollars in benefits, thanks to a new, permanent child care tax credit approved by Gov. Tom Wolf. The break is part of the state’s new $45.2 billion budget, writes Kate Huangpu for the Pittsburgh Post-Gazette. The budget also contains a onetime, $140 million expansion…
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Malvern Bank House of the Week: Amish-Built Colonial in Media
A lovely Amish-built showcase colonial home with four bedrooms and two full and two half bathrooms is available for sale in Media. This fully upgraded and updated beautiful Amish Colonial is dramatically situated on 2.72 gorgeous acres on a quiet cul-de-sac that is within walking distance of Ridley Creek Park and Tyler Arboretum. It offers…
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Global Real Estate Company Acquires Wayne Property for $57 Million
Conshohocken real estate firm Maguire Hayden has sold 466 Devon Park Drive in Wayne to Hines, a global real estate company headquartered in Houston, for $57 million, writes Natalie Kostelni for the Philadelphia Business Journal. The 155,200-square-foot building was once owned by Merck. The pharmaceutical giant sold it to Maguire Hayden in 2016 for $7.9…
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High Interest Rates, Low Supply Become a Door Slammed Shut for Some Area Home Purchasers
The rising interest rates are chilling the hot residential real estate market, both regionally and nationally. The economics of new home ownership are becoming an issue, even among affluent shoppers, writes Sandy Smith for Philadelphia Magazine. Two main forces are affecting suburban housing affordability: insufficient supply and continued high demand. “While mortgage rates have been…
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Malvern Bank House of the Week: A Benson Company Colonial in Garnet Valley
A lovely new construction Benson Company colonial home on 0.73 professionally landscaped acres with five bedrooms and four and a half bathrooms is available for sale in Garnet Valley. This executive-level home was built in 2005 and is now ready for only its second owners. The home welcomes you with an attractive front-to-back center hall…
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US Census: New Home Construction Up in the Suburbs
There is a massive boom in suburban homebuilding across the nation and the counties surrounding Philadelphia are not lagging behind, writes Erin Davis for the Axios. Between July 2020 and July 2021, Delaware County recorded growth in housing units of 0.1 percent. While it did not manage to beat out the national average growth rate…
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Haverford School Makes 43-Acre Radnor Property Purchase
The Haverford School on the Main Line has purchased the 43-acre Presbyterian Children’s Village property in Radnor Township, writes Natalie Kostelni for Philadelphia Business Journal. The all-boys school in Lower Merion Township paid $19.88 million for the site at 452 S. Roberts Road. It is located about three miles from the Haverford School campus off…
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Suburban Philadelphia 2022 Rental Market: Lessees? More!
The suburban Philadelphia rental market ranked among the top 20 most in the nation in 2022 for competitiveness, writes Veronica Grecu for RentCafe. It ranked at No.17 nationally with a competitive score of 78.1. This is significantly higher than the city itself, which has a competitive score of 65.6. Suburban Philadelphia is an attractive Northeastern…
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Malvern Bank House of the Week: Norman-Inspired Mansionette in Haverford
An exquisite Norman-inspired mansionette carriage home with three bedrooms and two and a half bathrooms is available for sale in Haverford. The residence welcomes you with a central foyer bracketed by a spacious living room and the elegant dining room. An archway leads to a butler’s pantry that is connected to the chef’s kitchen featuring…
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Here’s 4 Delaware County ZIP Codes Where Homes Flew Off the Market
Four Delaware County communities are on a regional list where homes for sale are flying off the market, writes Ryan Mulligan for Philadelphia Business Journal. Most homes for sale in the Philadelphia metro area in June were on the market for a median of 37 days, but 27 ZIP Codes in Greater Philadelphia saw median…
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