Philly Home To 'Hottest' Real Estate Zip Codes?

By PW Staff
Add Comment Add Comment | Comments: 0 | Posted Feb. 25, 2010

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South Philly Review reports that two Philly zip codes -- 19145 and 19148 -- have been named among the nation's "hottest" real estate markets: "With the ailing economy and housing market having been in a downward spiral since 2008, much of the local area is holding its own and in many cases enjoying an increase in sales during these times of foreclosures and stalled sales. “I’m not at all surprised because I think South Philadelphia has some of the best home values in the city — and the entire country. I think these neighborhoods benefit because they offer affordable housing close to all the amenities of Center City, yet they’re tucked away and off the beaten path from all the hurly-burly,” said Sara Schneider, a real estate agent. .... Gerald Ross attributes the growth in ’45 and ’48 to two things: “Location, location, location. We are 15 to 20 minutes from everything you would want to do in Philadelphia. You have the airport, the zoo, the [Philadelphia Art] Museum, the interstates accessibility. It’s so convenient. Secondly, I think pricing pressure coming from the two northern ZIP codes, ’46 and ’47, which is very, very high. And, of course, Center City is insane. The prices have just gotten so high, people have been drawn south,” he said."

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