Why E. Passyunk Real Estate is Red Hot Right Now
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According to a recent study published by Phillymag.com, home price rates have risen across the board in Philadelphia during the second quarter of 2015. It’s safe to say what everybody pretty much already knows, Philadelphia is booming in growth and demand.
Traveling the city you’d be hard pressed not to notice the vast amount of construction happening on just about every corner. New homes, businesses and green areas are steadily being developed. However, one neighborhood in particular has been surging in both real estate sales and quality of life. E. Passyunk which is located in South Philadelphia just below the famed Italian Market, has seen a healthy mix of both millennials and established older professionals looking to be apart of this bustling community. Phillymag’ reported E. Passyunk real estate market with having a 4.7% increase in home prices.
So what makes E. Passyunk so special? Aside from gorgeous traditional Philly row homes lining the streets in this once sleepy community, restauranteurs have found this location to be pretty lucrative. The main strip of E. Passyunk is home to both restaurants that have been a staple in the community for decades such as Marra’s as well as newcomers such as Palladino’s, which has been receiving rave reviews. In a foodie town such as Philadelphia, having the luxury of several of the best eateries steps from your door is pivotal in their decision on where they choose to reside.
In addition to the expansive list of restaurants in and around E. Passyunk Ave., this area also keeps busy all-year-round with street festivals and neighborhood events. If having a Zagat rated restaurant within walking distance isn’t at the top of your must-haves, chances are a neighborhood with a sense of community is. Events such as the Craft Beer Day, Deck the Ave. and Car Show and Street Festival are all annual events that not only bring out the residents of E. Passyunk but also from all over the region. Aside from the annual events weekly events such as 2nd Saturdays have more of a cozy neighborhood feel as local stores open their doors every second Saturday of the month with great sales, complimentary refreshment and entertainment.
What really makes everything work and keeps this neighborhood thriving is its resources. The E. Passyunk Business Improvement
District has probably one the best websites to give visitors great information with a user friendly feel. Every business in this neighborhood is categorized and index for easy search and the events calender is constantly up-to-date which makes planning adventures easy and convenient.
Another online resource that provides a wealth of information is the Passyunk Post. You know those local newspapers that get thrown at your doorstep that you never open and just kick to the side when you exit your home? Well the folks a the Passyunk Post were clever enough to take that same neighborhood news and publish it online. Everything from upcoming businesses, tips on keeping the neighborhood clean as well as important events are all found here.
Taking everything into consideration, it’s no wonder that this section of the city has become red hot. So whether you’re looking to open a business or live and play in this area, you can’t go wrong with E. Passyunk.
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