CITY BLOCK LOCAL

    Philadelphia home values were up 9.1% in 2017. The Philadelphia Business Journal provides a slide show showing how much each zip codes increased.  Let’s take a look at some of the Zip Codes and (approximate) neighborhoods where the City Block Team represents buyers and sellers. The slide show includes both a 1-year change in median value and a 1-year forecast. I do not put too much credence in any forecast, but it’s fun to see and discuss, if nothing else:

    19106 (Society Hill, Old City)- 0.5% in 2017 (2% 1-year forecast).
    19102 (Ave. of the Arts)- 2.4% in 2017 (2.7%).
    19129 (East Falls)- 6% in 2017 (2.8%).
    19123 (Northern Liberties)- 2.6% in 2017 (2.9%).
    19103 (Rittenhouse/Fitler/Logan Sq)- 2.8% in 2017 (2.6%).
    19118 (Chestnut Hill)- 6% in 2017 (4.3%).
    19107 (Wash West/Midtown Village/Chinatown)- 6.3% in 2017 (3.4%).
    19147 (Queen Village/Bella Vista/Pennsport/Pass. Sq)- 7% in 2017 (3.9%).
    19130 (Art Museum/Fairmount)- 7.8% in 2017 (4.3%).
    19139 (West Philly/Univ. City)- 8.2% in 2017 (2.9%).
    19148 (South Philly E./Pass. Sq/Dickinson Narrows)- 9.1% in 2017 (5.4%).
    19125 (Fishtown/Some of Kensington)- 9.2% in 2017 (4.7%).
    19143 (West Philly/Garden Court/Cedar Park/UCity)- 9.2% in 2017 (3.4%).
    19119 (Mt. Airy)- 10.9% in 2017 (4.9%).
    19145 (Point Breeze/Newbold/South Philly W.)- 15.7% in 2017 (5.8%).
    19146 (Graduate/Point Breeze)- 19.2% in 2017 (9.2%).
    19104 (University City)- 19.2% in 2017 (6.4%).

    Next week I will discuss these numbers further and provide some additional information on the subject.

    Also, do you know someone who is considering buying or selling real estate? I would be honored if you recommended me to be their trusted adviser. I pledge to provide them with the absolute highest level of service.

    Jeff City Block
    Team Leader
    City Block Team

     

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