Where Philly's most expensive homes are: December 2011 edition
Generally speaking, the upper reaches of the Philadelphia real estate market have not been as hard hit by the bursting of the housing bubble as the lower ends have, and the latest market data for the fourth quarter of 2011 bear this out.
Our Market Action Report lists detailed sales data for the quarter in most Philadelphia zip codes. The same neighborhoods that have traditionally led the home-price pack also lead it this time around. Here are the five most expensive ZIP codes in the city on three different metrics, based on fourth quarter 2011 data:
Median Sale Price
1. 19118 (Chestnut Hill), $440,000
2. 19103 (Logan Square, Fitler Square, Rittenhouse Square), $399,000
3. 19106 (Old…