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Redfin Exposé Highlights South Philadelphia Neighborhood

Nationwide real estate portal ‘Redfin’ debuts their “Hottest Neighborhoods of 2015.” 

  • South Philadelphia’s ‘Dickinson Narrows’ recognized.
  • Ranked #2 in the United States! 

Redfin-Hottest-neighborhoods-2015

Tucked between Pennsport  East Passyunk is South Philly’s next buyer hotspot. Dickinson Narrows lands at #2 on Redfin‘s “Hottest Neighborhoods of 2015,” predicting which urban & suburban pockets will garner significant attention from realtors, developers and prospective homebuyers, this calendar year. Redfin research spotlights affordability as “most important factor for finding a new home in 2015,” as result of dramatic price increases in urban areas the past three years. As result, 2015’s ‘up & coming’ areas are more commonly found on urban outskirts. Dickinson’s deep South Philly location exemplifies this redefinition. Median sale price for the area is currently $192,000. New construction & rehab properties are commonplace, and according to local realtor Blakely Minton – older Dickinson homes hit the market around $235,000.

Top 5 Neighborhoods: Philadelphia, PA (2015)

1.) Dickinson Narrows

  • Median sale price = $192,000
  • Median days on market = 55

2.) Northern Liberties

  • Median sale price = $350,000
  • Median days on market = 69

3.) Girard Estate

  • Median sale price = $164,000
  • Median days on market = 56

4.) Fairmount Park

  • Median sale price = $190,000
  • Median days on market = 80

5.) Kensington

  • Median sale price = $178000
  • Median days on market = 52

Sourced by: Lauren Mennen (Philly.com), Antonio Kirson (Redfin).

 

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