Great news for the Philadelphia real estate market.  Although the rest of the country has been showing marked declines in home prices, the philly real estate market has remained relatively strong.  The unsold inventory of Philadelphia real estate has kept downward pressure on sales prices.  That is great for buyers who feared being priced out of climbing Phila home prices.  This also means that buyers will have a wide range of choices in the search for their perfect home.

There are some very exciting developments going on in Philadelphia these days.  Neighborhoods all around the city are experiencing a transformation of culture and night-life destinations.  Continual redevelopment is spurring new homeowners to move into revitalized neighborhoods of South Philadelphia, Bela Vista, Queen’s Village, The Art Museum Area, Northern Liberties, Fishtown and Port Richmond.  Those folks not interested in the condo life are finding great deals on homes in Philly neighborhoods just outside of center city.  The Philly real estate market is still rolling along despite the credit crunch and slow economy.

The Phila real estate market has been so undervalued for so long that this party doesn’t appear to be stopping any time soon, it is definitely an exciting time to be in the Philadelphia real estate market.

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~Dale and Carmel Archdekin