Ever wonder which neighborhoods are the hottest in Center City right now? Us too!!! Well, Mike is featured in Philly.com and answers that exact question! Berkshire Hathaway HomeServices Fox & Roach First Quarter Report tied Fairmount/the Art Museum Area with Rittenhouse Square for the most home sold thus far—therefore, the hottest neighborhoods in Center City! Mike says, “That area covers everything from first-time entry-level buyers to empty-nesters and everything in between…the resurgence of North Broad Street has expanded the area and has added a lot of developments.”
If you aren’t in those two areas, never fear! Mike says that “every neighborhood is experiencing strong demand but with much less inventory accumulating over the years because of the “pent up demand” after the housing bubble. “In every market place we have much less inventory and our days on the market are much less,” McCann said. “The market is the strongest I’ve seen since 2007 and the inventory is the lowest I’ve seen in over 10 years.”
Also, good news for Point Breeze! Mike said he believes the biggest neighborhood changes are occurring in Point Breeze, which mainly draws young professionals, singles and couples who are first-time buyers!!