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Philadelphia’s Hottest Neighborhoods in 2013, Part Two

Thursday, May 2nd, 2013

best-philly-neighborhoods-to-buy-a-houseIn our last post, we began our look at the top ten hottest neighborhoods in Philadelphia as forecasted by market trends seen in the first quarter of 2013. Today, we continue our journey through Philly’s fastest-growing neighborhoods and look at a few areas where properties barely hit the market before they are sold.

Demand in some of the neighborhoods below has many surprised and bodes well for the continued recovery and growth of the Philadelphia housing market.

The Big Five of Philly’s Top 10 Hottest Neighborhoods

Cedar Park – Cedar Park is home to historic architecture of the Queen Anne style. The westward expansion of University City has put this Philadelphia neighborhood on the map of many knowledgeable house-hunters. This Philly neighborhood sports a great variety of cafes and restaurants whose menus span the globe. The efforts of its neighborhood association are drawing investment in preserving its historic buildings.

Northern Liberties – Take a look at Northern Liberties and gaze at the future of Fishtown about a decade from now. The youthful hipsters of the Bush era took over Northern Liberties, revitalized it, and were slowly driven out by the rising prices. Now, young and established professionals alike are drawn to Northern Liberties, enjoying its thriving restaurant scene and almost small-town charm.

Avenue of the Arts – Property values are skyrocketing in this once fallow neighborhood thanks to the construction of new apartments, condos, and townhouses. Avenue of the Arts is drawing young professionals who enjoy its shopping, restaurants, bars, and nightlife. Proximity to public transit and a fashionable reputation ensure Avenue of the Arts will remain a hot neighborhood for some time.

Washington Square West – The locals call it the “Gayborhood,” and yes, there is a sizable gay and lesbian population in Washington Square West. This influx of single professionals and dual-income-no-kids (DINK) couples has likely been key to this neighborhood’s complete rebirth. With thriving businesses and rising property values, Washington Square West is drawing all manner of young professionals and young families who appreciate its amazing restaurant scene and bohemian feel.

Rittenhouse Square – In the middle of it all, Rittenhouse Square offers shopping, restaurants, parks, and access to all that Philly has to offer. This neighborhood is seeing an influx of investment from the more established, including empty nesters, professionals from the Hospital of the University of Pennsylvania, and those who can afford its higher property values. Price, it seems, will never be enough to keep Rittenhouse Square from being one of the most popular neighborhoods in Philadelphia.

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Posted in Articles, Center City, Northern Liberties, Philadelphia real estate, Rittenhouse Square, University City, Washington Square West | No Comments »

Pros Say “It’s Never Been Easier” to Sell Philadelphia Real Estate

Tuesday, March 12th, 2013
Students seeking affordable housing have stimulated a wave of renovations across the city and made selling Philly easy.

Students seeking housing have stimulated a wave of renovations across the city, filling newly rehabbed and converted apartments and supporting higher rents.

This past Thursday marked the 11th annual RealShare Philadelphia, a meeting of over 500 real estate professionals. More than two dozen industry experts spoke at the event, which took place in the Crystal Tea Room at the historic Wanamaker Building.

One topic of discussion at RealShare was why, as Robert Fahey, executive vice president at CBRE, said, “It’s never been easier to sell Philadelphia.” The panel of experts pointed to many different reasons for the city’s current developer appeal. Philadelphia is lower profile than nearby cities like Boston and Washington and less subject to “wild cyclical swings,” according to Chris Terlizzi, senior vice president and regional manager at First Niagara Bank.

Experts also referred to a younger demographic which is currently pouring into Philadelphia’s many renovated apartment buildings. David Dolan, senior managing director with Newmark Grubb Knight Frank, said that nearly 6 million square feet of older office space in Philadelphia has recently been converted to apartments, attracting major owner/developers. The city’s high livability factor is due in part to the so-called “meds and eds” sector, according to Timothy Proctor, senior vice president at TD Bank. However, the experts cautioned that recent 6-8% rent increases may not be able to sustain the 1,500 to 2,000 new units which will come on the market next year.

According to The Wall Street Journal, the thousands of newly renovated apartments in Philadelphia will likely attract college students, regardless of the rent increase. Universities across the country are facing a shortage of student housing, and with aging dormitories in dire need of upgrades, The Journal estimates that colleges in the U.S. are short between 1.5 and 2.15 million beds. Even after the housing crash, parents and student loans continued to pay the increasing rent for student apartments. These are a few of the reasons why major developers are buying more and more student housing in Philadelphia.

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Posted in Philadelphia real estate, Rentals, Schools | 2 Comments »

Will Closing 23 Philadelphia Schools Really Produce Huge Savings?

Monday, March 11th, 2013
School closing protests

The School Reform Commission claims that closing 23 underused school buildings will save more than $22 million annually. Pew Charitable Trusts research suggests the estimate may be overly optimistic.

Thursday night, the School Reform Commission (SRC) voted to decide the fate of 27 Philadelphia schools, more than 10 percent of the schools in the district, in an attempt to improve the district’s dire financial situation. This year the commission was forced to borrow $300 million just to make ends meet, and an almost $1.4 billion deficit is projected for the next five years without a major overhaul. Community members worry that consolidating schools will lead to longer walks for young students, often through dangerous neighborhoods.

Despite community protests, including a massive rally which resulted in over a dozen arrests, the SRC voted to close 23 of the 27 schools, and planned to vote on two more schools at a later date. Officials say that the downsizing will save the district about $24.5 million annually. The closures will take effect after classes end in June, in addition to an unspecified number of layoffs, including principals, building engineers, and maintenance workers, according to district spokesman Fernando Gallard. Gallard does not anticipate any teacher layoffs because the student population should remain the same.

The School District of Philadelphia currently has 12 vacant schools on the market, six of which have been approved for sale by the SRC. A recent study indicated that urban school districts often have trouble unloading closed schools because of poor real estate markets, undesirable locations, and bad building conditions, among other reasons. Researchers at the Pew Charitable Trusts’ Philadelphia Research Initiative say that urban school districts tend to overestimate how much they’ll save from closing schools, and how much they’ll make from selling the empty buildings. Philadelphia Research Initiative Director Larry Eichel, who led the study, says that the longer a vacant school sits on the market, the harder it is to sell. The old Roberto Clemente Middle School building in North Philadelphia was recently sold to a local community group for only $1, after sitting empty for nearly a decade, and falling into disrepair.

SRC Chairman Pedro Ramos said in a statement that the decision to close 23 schools was difficult, “but it focused on our goal to provide safe, high-quality seats while being fiscally responsible.” Ramos said that the commission’s next step is to focus on making the transition a smooth one. “The responsibility now shifts to make sure everything we’ve talked about the past few months gets done.”

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Posted in Articles, Philadelphia real estate, Schools | 3 Comments »

Stimulate Your Taste Buds at the Philadelphia Wine and Food Festival

Wednesday, March 6th, 2013
The annual Philadelphia Wine and Food Festival brings fine wine, creative cuisine and lovers of both together.

The annual Philadelphia Wine and Food Festival brings fine wine, creative cuisine and lovers of both together.

Friday, May 10, 5:30 – 9:30 p.m.
Lincoln Financial Field, SCA Club
1020 Pattison Ave., South Philadelphia

On May 10, you can sample fine wines from all over the world at the Philadelphia Wine and Food Festival, sponsored by Philadelphia magazine. At this year’s expanded program, you can taste over 600 wines while you enjoy signature dishes prepared by some of the region’s best restaurants. Purchase your favorite wines from the on-site Fine Wine & Good Spirits Store, which will be open until 10 p.m. You can even get hands-on access to top winemakers and chefs through special demonstrations, educational sessions, and intimate tastings. This luxurious evening of fine dining and spirits will be topped off by a fantastic silent auction benefiting The Children’s Hospital of Philadelphia.

Grand Tasting and VIP Access
The Festival opens for the Grand Tasting at 7 p.m. at Lincoln Financial Field’s SCA Club Lounge. General admission is $125. Special VIP tickets are $250 and include early entry with exclusive access to winemakers and wine representatives. VIP guests will have the opportunity to taste rare wines not available at the Grand Tasting, and each VIP will receive a $20 gift certificate for the on-site Fine Wine & Good Spirits store. The early VIP tasting begins at 5:30 p.m.

Young Friends’ Tasting
This year’s festival will feature the first ever Young Friends’ Tasting, only for younger (but still legal) wine enthusiasts, aged 21-40. This unique experience is the perfect introduction to wine tasting, designed to excite and educate young professionals about the wonderful world of food and wine. The evening will begin with a 30-minute Wine 101 Session at 7:30 p.m., led by a Fine Wine & Good Spirits expert. Young Friends’ Tasting tickets are only $75.

Foodies and oenophiles alike will love this delicious, informative, and fun festival. Order your tickets at www.phillymag.com/wineandfoodfest. A portion of the ticket proceeds will benefit The Children’s Hospital of Philadelphia.

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Posted in Articles, Food and Drink | No Comments »

How to Find the Best Moving Company When Moving into a New Home

Tuesday, February 12th, 2013
moving van

Now that you’ve found your new home, you want to make sure all your stuff gets there safely. Use this checklist to find a professional mover who will see to that.

Now that you have finally closed on your new home, the real fun begins. It is time to find the best moving company to take your belongings from your existing home to your new property. Because you treasure your possessions, you will want to put a good amount of thought and research into your search. That way you can be relatively sure that everything will get from point A to point B in good shape. Here are some tips to help you find the best moving company to help you transport your belongings to your new home:

1. Start by talking to friends and family. Word of mouth is the best way to find a quality local or national moving company to move your possessions to your new home. After all, your friends and family can tell you exactly how their experience with their mover went. If they were quite pleased with their mover’s service, chances are good that you will be happy with their mover as well.

2. Get at least three quotes from three different moving companies. The more quotes you get, the better able you will be to find the best deal. Furthermore, talking with representatives of each company can give you a good idea as to how they compare with one another in regards to customer service.

3. Have each company give you an in-person estimate. The first time you contact most moving companies, they will give you an estimate over the phone. You will get an estimate that is more accurate when moving company representatives come to your home and actually see your stuff.

4. Ask about insurance. Most moving companies offer to insure your possessions during the move in case of damage, but you need to know exactly what the coverage amounts are. Often, your homeowner’s policy will have moving insurance built in, or it will offer better coverage at a lower cost.

5. Check into transfers. If you are making a long-distance move, the mover you choose will likely transfer your possessions from one truck to another at least once. The more transfers there are, the greater the chance that your belongings will get lost.

6. Be clear about any extra fees. Many moving companies will charge additional fees depending on whether there are stairs in residence, the ease of access, and more. Get a list of these possible fees up front, and you will be able to compare different moving companies more accurately.

7. Look into ratings from the Better Business Bureau (BBB). You can save yourself a lot of headaches if you check out each potential company and its service rating with the BBB.

8. Make sure the moving company is registered with the U.S. Department of Transportation (DOT). Your mover should be able to give you its DOT registration number. You can use that number on the Federal Motor Carrier Safety Administration’s website – ProtectYourMove.gov – to investigate its history, customer service ratings, and more.

9. Visit the offices and warehouses of your mover. A clean, well-organized office and warehouse is a sign that the mover is probably a good one. A dirty, disorganized office and warehouse tells you the opposite.

10. Find out about any relationship with subcontractors. Many moving companies subcontract different parts of their moves to smaller movers. Get the names of these subcontractors, and research them to make sure they provide quality service as well.

Finding a mover takes some thought and research, but it is not a difficult process. Follow these tips to locate the best mover the next time you are moving to a new home.

-David Shapiro

David Shapiro is an Internet marketer working with moving companies and other small business owners to help them generate more leads/sales online. If he’s not working, you can find him enjoying the mountainous terrain of the Southwest or spending time with family.

Photo by Dwight Burdette from Wikimedia Commons, used under a Creative Commons license

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Posted in Articles, Buying a Home | No Comments »

Taste Something New at Philly Cooks Week

Wednesday, February 6th, 2013
Sample plates

Can’t get enough of Philly’s sizzling restaurant scene? Philly Cooks Week lets you experience the best of it all in one place with a series of tasting events.

Starting February 25, Philadelphia magazine presents Philly Cooks Week, a 4-day celebration of the flavors of Philadelphia, filled with culinary delights, famous chefs, and creative cocktails.  Tickets are on sale now for the all-new tasting tours and “The Big Event.”

New!  Tantalizing Tasting Tours

February 25 through 27, take a tasting tour of some of Philly’s best restaurants.  Get an unprecedented behind-the-scenes look at some of Philadelphia’s top kitchens, meet the chefs, sample some of each restaurant’s best dishes, and even help prepare some dishes of your own.  Each tour visits the kitchens of three restaurants in a different Philly neighborhood, including Rittenhouse, Old City, Fishtown, South Street, North Broad, and many more.  Sample charcuterie with Marc Vetri, hang with Jose Garces, go into the kitchen with the chef at Stateside, and make kebabs with Michael Solomonov at Zahav.  Tickets are $110, and they are selling out quickly!  Visit www.phillymag.com/phillycooks/tastingtours to buy yours today.

The Mouthwatering Main Event

On February 28, join Philadelphia magazine for “The Big Event” at the historic Strawbridge Building at 801 Market Street.  Sample dozens of delectable dishes from 40 of Philly’s most popular restaurants, hand-picked by Philadelphia magazine Food Editor Jason Sheehan.  Meet some of Philly’s most celebrated chefs, and enjoy cocktails made by the city’s best bartenders.  Featured restaurants include Alla Spina, Continental, El Rey, Fette Sau, Fork, Fountain Restaurant, Hot Diggity, and many more.  Tickets are $85 per person, or $75 per person for 10 or more tickets.  Buy your tickets today at www.phillymag.com/phillycooks/bigevent.

Philly Cooks Week Cares

Proceeds from Philly Cooks Week benefit The Philadelphia Ronald McDonald House, a charity that helps the families of seriously ill children.  Their two locations on Chestnut Street and Front & Eerie, conveniently located near pediatric hospitals, provide the comforts of home and the support of their well-trained staff and volunteers.  Families staying at The Ronald McDonald House have the opportunity to relate to other guests while providing their children with the best possible care and support.  Visit www.philarmh.org to learn more.

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Posted in Articles, Center City, Food and Drink, Restaurants | No Comments »

Looking for real estate info? You now have a ‘License to Inspect’

Thursday, January 17th, 2013
License to Inspect screenshot

A new map-based tool gives users access to L&I data and historical information all in one place.

Want to know the whole story behind a Philadelphia address? You now have a way to find out everything you want to know in one click.

It’s a new map-based search engine called “License to Inspect.” This new tool, developed by Plan Philly and Azavea, lets you search Licenses & Inspections permit data for every address in the city – zoning, construction, use, the whole shebang. There are links to full documentation and zoning info as well. But wait! There’s more! You can also look up historical photos of the address from the PhillyHistory.org database.

Did we mention PhillyHistory.org? That site, our favorite repository of images of the city’s past, was also developed by Azavea, the company that grew out of the pioneering Cartographic Modeling Lab at the University of Pennsylvania.

Plan Philly is backed in part by the University of Pennsylvania School of Design’s professional practice arm, Penn Praxis. If we haven’t noted this before, we’ll note it here now: the city’s colleges and universities have evolved into agents of change in their own right and contribute mightily to this city’s economic vitality and forward momentum. And that’s good for the Philly real estate market too. We will no doubt spend many pleasurable hours burrowing into this database as we do our work – and just for fun.

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Posted in Philadelphia real estate, Uncategorized | No Comments »

5 Do-It-Yourself Tips to Help Your Home Sell

Tuesday, January 15th, 2013
Kitchen cabinets

Updating your kitchen cabinets can work wonders for your home’s sales appeal, and you don’t need to hire a contractor for the makeover.

The experts agree that giving your home a fresh, updated look is a great way to appeal to potential buyers.  Completely redesigning or remodeling your home is costly and time-consuming.  You don’t have to break your budget to help your home sell.  Try making some of these 5 simple changes that make a big impact on potential buyers.

Modernize Kitchen Cabinets and Drawers

Replace Hardware
While you may not have the budget to replace all of your kitchen cabinets and drawers, you can easily give them a new look by replacing handles and knobs.  Clean, modern-style hardware will give even old fashioned cabinets an updated look.  Remove one handle and bring it with you to your local hardware store to find perfectly-sized replacement hardware.

Paint Cabinet Doors and Drawers
Remove cabinet doors and drawers and add a few coats of spray paint for an easy new look.  Choose a light, neutral color like white or beige.  Hand paint the area around the cabinets before reinstalling the doors and drawers.  The new paint job will easily freshen up old wooden cabinets without emptying your wallet.

Update Tile Floors

Replace Broken Tiles
If the tiles on your kitchen or bathroom floor are damaged, discolored, or missing, replacing them is an easy way to update the look of your floors.  If you’ve recently re-tiled, you most likely have a few extra tiles you can use to replace the old ones.  If not, bring a photo of your floor to the hardware store to find the closest match.

Use Vinyl Flooring
To easily re-tile your whole kitchen or bathroom floor, try vinyl flooring, which comes in a roll that you can cut to size and stick right to your floor.  Interlocking faux wood vinyl flooring is a quick and easy way to get the look of hardwood flooring without all of the maintenance.

Brighten Up Lighting

Replace Old Fixtures
Update old light fixtures by replacing them with simple globe lights.  Get rid of rickety old ceiling fans or dusty chandeliers.  Replace sticky light switches or light switch covers for an even quicker fix.

See New Light
In rooms with no overhead lighting, try a hanging lantern.  Plug it into a wall socket and add ceiling hooks to keep the cable in place.  Add floor and tabletop lamps for extra task lighting.

Add Area Rugs

Quickly cover stained or damaged floors by adding colorful area rugs.  Contrary to popular belief, you can place an area rug over carpeting.  Use them on threadbare or discolored areas of carpeting.  Add area rugs to warped damaged hardwood flooring for an updated look without replacing your floors.

Make these simple changes to give your home a modern, updated look that potential buyers will love, and you can sell your home even on a limited budget.

- Jen Heller Meservey

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Posted in Uncategorized | No Comments »

5 Tips for the Perfect Open House

Wednesday, January 2nd, 2013

Open-Houses-in-Spring-TexasHolding an open house is a great way to introduce a large number of potential buyers to your home.  Make a great first impression with these 5 tips to have the perfect open house.

1.  Clean and Organize Inside and Out

It’s important to keep your home as clean and organized as possible before an open house.  A cluttered or messy home makes it difficult for potential buyers to see your home’s features, or to see themselves living in your home.  You should even organize closets and cabinets, as potential buyers will want to look inside.  Spruce things up with minor changes like a new welcome mat, mailbox, or kitchen cabinet fixtures.  Make sure windows and mirrors are shiny and smudge-free.  Don’t neglect the outside of your home.  Clean up the lawn and yard, rake the leaves, cut the grass, and plant flowers to make the outside as appealing as the inside.

2.  De-Personalize

Experts say that you should remove personal items from your home to help potential buyers picture themselves living there.  Take down family photos, posters, and knickknacks, and replace them with neutral artwork or other items.  Remove anything religious, political, or which could otherwise be considered controversial, to avoid putting off any potential buyers.

3.  Set the Mood

Create a bright and homey atmosphere by opening curtains and blinds to let in natural light.  Place candles or flowers around your home, and play soft music.  To add a pleasant smell, bake cookies or fresh bread, just make sure you leave some out for your guests.  Don’t use strong scents like potpourri, perfume, or air freshener, as some guests may find them overwhelming.  To freshen up your bathroom, run a scented bubble bath just before your open house.  This will leave a light scent long after the water has been drained.

4.  Schedule During Off Hours

Most open houses are held on either Saturday or Sunday between 2pm and 4pm.  Schedule your open house between 3pm and 5pm to make your home stand out to potential buyers.  Guests will be able to stop by later in the day, after work or after they’ve already visited other open houses.  Just be sure to keep your home bright when it gets dark by turning on lamps or overhead lights.

5.  Provide Handouts

Print out informational flyers or brochures for guests.  Include features like new appliances, remodeled rooms, or a large backyard.  Add photos of your home in different seasons.  Your handouts don’t have to be fancy or expensive.  You can print your own flyers on your home printer.  Just be sure to include at least one photo, your address, your realtor’s contact information, and important details like the number of bedrooms and bathrooms.  This will give potential buyers something to take home with them and reference later.

Follow these tips to emphasize your home’s best features, and potential buyers will be delighted by your open house.

- Jen Heller Meservey

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Posted in Selling your home, Uncategorized | No Comments »

5 Great Things To Do With Your Kids in Philadelphia This Holiday Season

Wednesday, December 19th, 2012
Christmas Village

A German import that Philly has taken to its bosom, the Christmas Village offers fascinating things to see, do, buy and eat for young and old between Thanksgiving and Christmas each year.

If you’re like us, you’re probably in a frenzy now in the countdown to Christmas Day. May we suggest you take a break and do something fun with your kids in Philadelphia? The city is at its best this time of year, with both year-round and seasonal attractions that appeal to young and old. Here are five of the top places to go and things to do for kids in Philadelphia:

1. Macy’s Holiday Light Show and Dickens Village display. As the only traditional department store left in Center City, Macy’s has inherited the mantle of both its predecessors, John Wanamaker and Strawbridge & Clothier, honoring their legacies with holiday traditions that have delighted generations of kids in Philadelphia. The Holiday Light Show in the Grand Court has been refreshed and updated; the Magic Christmas Tree’s 34,000 lights now sparkle a little more brightly – and the grand Wanamaker Organ has become an integral part of the show to boot. On the third floor is the animatronic exhibit recounting Charles Dickens’ “A Christmas Carol,” a classic that was the highpoint of a holiday visit to Strawbridge’s for decades.  Macy’s Center City, 1300 Market St. Light show every hour on the hour, Dickens Village open daily from 10 a.m. to 7 p.m. through Dec. 31.

2. Enchanted Colonial Village at the Please Touch Museum. The grand Christmas tradition of Philadelphia’s fourth major department store, Lit Brothers, lives on at the Please Touch Museum in West Fairmount Park. From 1962 until Lit Brothers’ demise in 1975, kids in Philadelphia marveled at the animated “Enchanted Colonial Village” – a trip back in time to America’s early years, featuring scenes of everyday life in the colonial period: a blacksmith shop, a seamstress, a baker, a toymaker (of course), and more. Now in the Smithsonian’s permanent collection, this piece of Philadelphia history comes alive again every December at Philadelphia’s children’s museum. And while you’re there, take a ride on the Red Rocket, the monorail that used to circle Wanamakers’ fourth-floor toy department at Christmastime. At Memorial Hall in Fairmount Park, 4231 Avenue of the Republic. Hours: 9 a.m. to 4 p.m. Monday through Saturday, 11 a.m. to 4 p.m. Sunday. Admission $16, children under one and members free.

3. Christmas Village. This annual outdoor market, our version of the German “Christkindlmarkt,” offers something for kids in PhilHoliadelphia of all ages. More than 50 vendors offer one-of-a-kind arts and crafts, most specially themed for the holiday season. There’s also plenty of wonderful food to eat, including authentic German specialties and pastries. In JFK Plaza (LOVE Park), 15th Street and John F. Kennedy Blvd. Hours: 11 a.m. to 7 p.m. Sunday through Thursday, 11 a.m. to 8 p.m. Friday and Saturday, through Dec. 24.

4. Franklin Square Holiday Celebration. The newest holiday tradition for kids in Philadelphia is in Franklin Square, at the northwest corner of Independence Mall. The square was transformed a few years ago into a family fun attraction, and right after Thanksgiving, it gets dressed up for the holidays with festive lights and decorations. Even Santa Claus gets in on the fun, riding the vintage Philadelphia Park Liberty Carousel, playing rounds of Philly Mini Golf with visitors and reading stories from “Patriots, Pirates, Heroes and Spies: Stories from Historic Philadelphia.” At Franklin Square, 6th and Race streets. Hours: Saturdays, Sundays and Christmas Eve, 12 noon to 3 p.m.

5. The Comcast Holiday Spectacular. Now this is must-see TV. The incredible, eye-popping LED video display in the lobby of the Comcast Center has been wowing both grownups and kids in Philadelphia since the building opened in 2008. You and your family will go on an incredible 15-minute journey down ski slopes, through enchanting winter scenes, and even into the sky with this high-tech tour de force. At the Comcast Center, 1701 John F. Kennedy Blvd. Shows every hour on the hour through New Year’s Day.

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Posted in Articles, Center City, Points of Interest | No Comments »

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