Local Realtors In Philadelphia Pennsylvania

Property investment in Philadelphia is experiencing its heyday. Many are drawn to the place to invest in super advantageous Philadelphia real estate with an excellent ROI. Under such circumstances, selling a home in Philadelphia doesn’t sound like such a bad idea anymore. Suppose you plan on moving to another house, but you must sell your current one first. In that case, the finest local real estate agents in Philadelphia PA, should be your best bet! Realtors in Philadelphia PA will spring at the opportunity and won’t rest until you receive the best price on the market. They will organize all the essential steps to professionally manage your house sale in Philadelphia, so you won’t have to fret about anything. As a result, they will list, market, and show your property in Philly, luring in the best buyers.  

Explore the thriving real estate market in Philadelphia, Pennsylvania!

Knowledgeable local real estate agents in Philadelphia PA, pointed out that housing market prices in their beloved city have increased steadily over the last three years. However, the average home expense is still affordable. As of May 2022, the median home selling price was approximately $285,000. In fact, realtors in Philadelphia PA  highlighted an about 5.8 percent growth in price compared to last year’s figures. As a result, properties in Philadelphia are cheaper by approximately twelve percent than the Pennsylvania average. Besides, rentals in Philadelphia cost more by about ten percent than the rental units in the state on average. As you can see, these stats define the ideal time for homebuyers, sellers, and tenants.

Speaking of selling your property in Philadelphia, real estate sells after 29 days on average at the list price. Yet, hot homes can sell three percent above the original price. Therefore, we can most positively confirm that the Philadelphia real estate market is competitive. Are you fascinated by buying or selling a home in Philadelphia? Then, it would be best to get in touch with professional local real estate agents in Philadelphia PA, asap!

Discover Philadelphia’s local economy!

Undoubtedly, Philadelphia is the Commonwealth of Pennsylvania’s economic heavyweight champion. An enormous city comes with a colorful variety of job opportunities. The City of Brotherly Love hosts five Fortune 1000 companies. You can find the most prominent and nationally recognized companies, such as Aramark (customer service), Comcast Corp (communications and entertainment), Crown Holdings, GlaxoSmithKline (pharmaceutics), and Urban Outfitters (lifestyle retailer) . Consequently, the Philadelphia Metropolitan Area achieved an astounding number in GMP, gross metropolitan product ($500 billion) in 2019.

Philadelphia provides job-hunters with excellent openings in the following economic sectors: financial services, IT, oil refining, food processing, transportation, health care, and tourism. Besides, Philly boasts top-notch research facilities and leading health education centers. Well-informed local real estate agents in Philadelphia PA, can offer you information on the booming job market.

The unemployment rate in Philadelphia is about 10 percent (slightly higher than the US average) and is experiencing a moderate setback. In addition, a Philly resident earns approximately $22,500, while the median household income is $37,500 yearly. Still, economic analysts predict a bright future with positive job growth of about 28.5 percent within the next ten years.

Did you know that the cost of living in Philadelphia is 24 percent more affordable than in New York City? In comparison, rent is lower than in NY by 48 percent. At the same time, the cost of living in Philadelphia is pricier by about one percent than the American average and two percent higher than the state median value. In other words, an individual will have monthly costs of around $1,050 without rent in the city. You should contact customer-friendly realtors in Philadelphia PA if you’re interested in unique investment opportunities or job vacancies in the city!

What you should know about Philadelphia

Situated in Delaware and Philadelphia Counties, Philadelphia has a total area of 142.7 square miles. It’s the state’s most populous city and the sixth-largest American metropolitan area. Still, the number of its population grows annually. In 2022, Philly counted a population of 1,585,500 souls.

As you’d expect, you won’t be missing out on fantastic things to do in Philadelphia with your family or your friends. Listing all must-see places would be an enormous and impossible task. So, let our expert realtors in Philadelphia PA recommend you their favorite spots to hang out. Liberty Bell (the symbol of slave liberation) and Independence Hall define landmarks in US history. The latter hosted the venue where the Constitution and the Declaration of Independence were signed. You can find them both at the Independence National Historical Park. Then, local realtors in Philadelphia PA would suggest you visit Elfreth’s Alley, the oldest street in America, close to the city’s picturesque port. Once there, visit the Elfreth’s Alley Museum to teleport you to Philly’s old days. And finally, One Liberty Observation Deck is a tourist magnet, where you can marvel at the city’s awe-inspiring skyline to experience its one-of-a-kind architecture. 

Is moving to Philadelphia, Pennsylvania, worth your while?

Philly is a splendid city to move to for various reasons. First and foremost, you won’t find such affordable housing options in any of the major American cities. Don’t you believe us? Then, reach out to the best realtors in Philadelphia PA, and they will most definitely confirm this fact. Secondly, as we speak, our dear brother city is going through a genuine economic revival. As a result, you can bump into well-paying jobs at every corner and pursue your wildest aspirations career-wise. Thirdly, you’ll find first-class and nationally renowned educational facilities, such as schools, colleges, and top-rated universities (University of Pennsylvania, Temple University, Drexel, etc.).

Public transportation is in excellent hands, and you won’t experience problems getting to your destination even at a longer distance. For instance, you can visit countless trendy spots of historical and artistic interest. In short, Philadelphia revels in historical landmarks. 

On the downside, we should inform you that traffic in downtown Philly gets busy in rush hour. Wage and sales taxes are higher than the US average. Then, the truth be told, there are underdeveloped regions in the city with higher unemployment, crime, and poverty rates. 

All in all, this wonderful city offers unique possibilities for locals and newcomers. Philadelphia’s real estate agents are confident you’ll have a great time here!