From the article "Six Us Markets Deliver Strongest Price Growth in Condos"
"Philadelphia-Camden-Wilmington, PA-NJ-DE-MD: This area has the highest median price point of our top six. A 1 Bed, 1 Bath high rise condo with 600 Sq Ft of living space and a city view can be had for the local median price of $207K.(1) Philly is the sixth most populous city in the US with the seventh largest GDP in the nation, as of the latest report.(4) Like Rochester, NY, unemployment was at 5.9%(2) but the median income was also the highest of the group at $74.3K.(4)"
The entire article can be found at "Six US Markets Deliver Strongest Price Growth in Condos"
This coincides with "Why Philly" on Philly Investor Hub .
For condos that fit this description, please see:
"The Lowest Priced Condo in Old Kensington: A Perfect Why Rent When You Can Own Property"
"Old City Real Estate - new condo listing only $187,500 from The Somers Team"
Contempoary Philadelphia Condo - 2 bedrooms in No Libs / Old Kensington
It is important to remember that each real estate market is LOCAL and to understand the market trends that are going on in each individual local market. For questions about the Philadelphia market, contact Chris and Stephanie Somers at thesomersteam@yahoo.com or 215-400-2612.
For specific neighborhood searches, please visit The Somers Team - Search Neighborhoods .
Also, Search all Philadelphia Properties Here .
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