Quarter 2v Philly Home Price Index
Dr. Kevin Gillen a local real estate economist at the Wharton School of Business has released quarter 2 price index for Philly proper. Read and enjoy, the right investors can use this as a guide to help make their ventures successful ones or just see how your neighborhood is fairing in these uncertain economic times.
Last edited by HomeInspectorBC; 09-08-2012 at 07:52 AM.
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Thanks for sharing Brian.
I am a big bull, especially for investors. I settled on a property in Bridesburg on Friday that I will rennovate and hold.
Thanks for the post.
Interesting that the Northwest stayed flat (well, maybe not that interesting), and that UC went down a tad, while North Philly went up so much. I assume the growth in the North is mostly due to the Temple area.
The Northwest does pretty well in price/sq. ft. though...
I'm bullish on the city too. There is still so much room for growth.
Amazing, if not exactly, surprising, that this puts South Philly close to its 2007 peak.
If you go back and look at the past quarterly reports South Philly has been fairly consistent with growth despite the downturn while other neighborhoods declined or stagnated.
Originally Posted by tsarstruck
It looks like West Philadelphia has had the largest rise and University City went down slightly but when you look at the more detailed view it really likes the spread of University City west along Baltimore Ave. is doing all the heavy lifting for West Philly's big jump. In short, overvaluation for PAS catchment has declined but overall improvement in the neighborhood just beyond has values going up.
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