Real Estate
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Philadelphia-area Homeowners Quickly Building Wealth in Current Housing Market
While aspiring buyers are finding the current housing market challenging, homeowners are enjoying the increasing values of their homes, writes Michaelle Bond for The Philadelphia Inquirer. For the majority of families, owning property is currently the primary way to build wealth. In the Philadelphia metropolitan area, a homeowner has already gained over $110,000 in equity…
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Looking to Sell Your Home in 2022? It’s Good Times Ahead, Drexel Expert Predicts
Not much will change in the Greater Philadelphia housing market in 2022, says a Drexel University expert, writes Kennedy Rose for the Philadelphia Business Journal. Kevin Gillen, a senior research fellow at Drexel’s Lindy Institute for Urban Innovation forecast, predicts another seller’s market year with low inventory and rising prices. Among his observations for this…
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Malvern Bank House of the Week: Stately 1683 Estate Home for Sale in Glen Mills
This historic one-of-a-kind Newlin-Sharpless estate home built in 1683 is available for sale in Glen Mills. Built around the same time that William Penn founded the state of Pennsylvania, this stately 8-bedroom, 3.5-bathroom home currently serves as office space but can be easily transformed into a forever home. It features a stunning stone exterior, 4.6…
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Malvern Bank House of the Week: Mediterranean Home in Bryn Mawr
Gorgeous Mediterranean home with eight bedrooms and four and a half bathrooms is available for sale in Bryn Mawr. Shannon Circle is a hidden gem nestled on a quiet cul-de-sac in the Highland Lane community. Its exquisite and stately façade immediately gives you a feeling of being in the Italian countryside. The entry is surrounded…
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Affordable Cities: Phila. Ranks High Among U.S. Metros for Chic Without Sticker Shock
According to a new Realtor.com report, Philadelphia is one of the trendiest, yet most affordable, cities in the U.S. Michaelle Bond covered the dual advantages of living locally for The Philadelphia Inquirer. The City of Brotherly Love ranked third among the nation’s 300 largest metros for an active lifestyle without being a budget buster. The…
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Chemical Company Nouryoun Sets Up North American Headquarters in Radnor
A specialty chemicals company, Nouryon, has decided to set up its North American headquarters in Radnor, writes Natalie Kostelni for Philadelphia Business Journal. The company, owned by Carlyle Group, has signed a lease for 50,000 square feet over two floors at Five Radnor Center at 100 Matson Ford Road. Along with designating the site as…
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Malvern Bank House of the Week: Custom-Built Secluded Retreat in Media
This 5-bedroom, 5.5-bath secluded retreat on a 4-acre lot is available for sale in Media. The property sits at the end of a cul-de-sac. It is boarded by a 14-acre township-owned historic farm next to 55 acres of trails. The grounds have a small pond, several pear trees, cherry blossom trees, and other special plantings.…
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Do You Live in the Delco Town That Made a List of Top 20 Earning Cities in PA?
The amount of your annual income depends heavily on your education, race, ethnicity, gender and location, reports wfmz.com. Now Stacker has compiled a list of the 20 top earner communities in Pennsylvania. On that list is Delaware County’s Brookhaven, coming in at No. 17. Brookhaven Borough, located in the southwest part of the county,…
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Malvern Bank House of the Week: Lovely Custom Farmhouse in Springfield
A lovely custom farmhouse with two bedrooms and three and a half bathrooms is available for sale in Springfield. This nature lover’s retreat is perfect for multi-generational living or working from home. Its fully fenced-in grounds offer numerous entertaining and relaxing opportunities, such as dining under the pavilion or relaxing around a bonfire. The farmhouse…
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These Delco ZIP Codes Have the Most Expensive Homes in Philly Metro Area
Two Delaware County ZIP Codes have ranked among the ten places with the most expensive homes in the Philadelphia metro area, according to a new report by Stacker. Stacker compiled the list of ZIP Codes with the most expensive homes in the Philadelphia-Camden-Wilmington metro area using data from Zillow. ZIP Codes are ranked based on…
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‘Casa Pacifica,’ a Slice of Mediterranean in Newtown Square, Heads to Auction
The Mediterranean-style villa, “Casa Pacifica”, at 100 Springhouse Lane has been on and off the market at least six times since July 2012, writes Kennedy Rose for Philadelphia Business Journal. The home features design elements from Italy and Spain. It has six bedrooms, eight bathrooms, and three half bathrooms. Its highest asking price came in…
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Malvern Bank House of the Week: Stylish Chadds Ford Contemporary
A stylish contemporary home with five bedrooms and four and a half bathrooms is available for sale in Chadds Ford. Set on a gorgeous 2.81 acres, the residence offers highly coveted privacy and scenic views from every window. The tiled foyer with a spiral staircase leads to a spacious, sunlit gourmet kitchen with granite countertops…
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Listed on National Register of Historic Places, 18th-Century Inn in Chesco Now Renovated and Up for Sale
After having undergone an extensive renovation, the West Whiteland Inn, which boasts an illustrious history that predates the Declaration of Independence and is listed on the National Register of Historic Places, is now on the market. The West Whiteland Inn, where George Washington is rumored to have slept, is located in central Chester County, one…
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County Park in Marple Receives Support in Informal WHYY Facebook Survey
A proposed county park at the former Don Guanella School in Marple Township could face delays if the $21 million eminent domain offer from Delaware County isn’t accepted, writes Kenny Cooper for WHYY. Delaware County Council condemned the property in July and has offered “Just equitable compensation” to the two owners of the land—the Archdiocese of…
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Malvern Bank House of the Week: Stunning Colonial in Media
A stunning colonial home with six bedrooms and five full and two half bathrooms is available for sale in Media. The home boasts unrivalled privacy and offers stunning resort-like views of Springton Reservoir. The residence impresses from the start with its front-to-back foyer that is bathed in natural light. Highlights include the chef’s kitchen with…
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Philadelphia-Area Housing Report: Has the Market Boom’s Bubble Popped?
According to the Philadelphia-Area Housing Report, residential real estate sales in the Philadelphia area continued to drop in October. The “unusually strong activity” of 2020 may be tailing off, writes Kennedy Rose for the Philadelphia Business Journal. Transactions, as measured by closings, is cooling in Philadelphia, Bucks, Delaware, and Montgomery Counties. Detached home, townhome and…
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Philadelphia Among Top Ten Metros with Most Active, Anchored-Retail CMBS Debt
Malls across the country are continuing to struggle as many retailers continue to shift away from brick-and-mortar to strengthen their online presence. As they leave vacant space, they raise fears about the future of this American institution. Ashley Fahey covered one of its most telling bellwethers, commercial mortgage-backed securities (CMBS) debt, for the Philadelphia Business…
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Malvern Bank House of the Week: Spectular Victorian in Wallingford
A stately Victorian home on 1.09 beautiful acres with five bedrooms and four and a half bathrooms is available for sale in Wallingford. Commissioned by Simon Gratz for his granddaughter in 1887, this historic Victorian home is filled with modern upgrades and handcrafted details throughout. The estate home welcomes you with a three-sided, wrap-around porch…
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