Real Estate
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Cash Home Sales Decreasing in Philadelphia Region
Fewer buyers in the Philadelphia region are purchasing homes with cash, writes Mike D’Onofrio for AXIOS. Cash buyers – primarily investors – have slowed down after a pandemic shopping spree nationwide, but their share of home purchases remains historically high, according to a recent Redfin analysis. In the Philadelphia area, cash home purchases made up…
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Meridian Bank House of the Week: Explore Upper Makefield’s Exclusive $3.4M Listing at Merrick Farm
A striking estate in Newtown is turning heads—and it’s easy to see why. Listed at $3,400,000, this elegant five-bedroom residence on 4 Merrick Drive offers 8,000 square feet of luxury nestled within the ultra-exclusive Merrick Farm enclave in Upper Makefield. . . Set on five manicured acres, the custom-built home blends sophistication with comfort. A…
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One Chester County Town Among Best Places to Live in America, Two Make Top 250
One Chester County town is ranked among the top three places to live in the United States, with two others in the top 250, writes Ryan Mulligan for the Philadelphia Business Journal. Niche recently released its annual rankings, based on data from the U.S. Census Bureau, the FBI, the Department of Education, the IRS, and…
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West Philadelphia Church That Unknowingly Sold Rare Tiffany Windows Heads for Court-Ordered Sale
The West Philadelphia church that unknowingly sold off valuable Tiffany windows for a fraction of their worth is now facing a court-ordered sale, as the bank takes action to collect on the over $2 million currently owed by the congregation, write Zoe Greenberg and Ryan W. Briggs for The Philadelphia Inquirer. The listing, describing the…
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Meridian Bank House of the Week: Stunning $2.99M Home in Sycamore Edge with 3-Car Garage & Elevator
A stunning custom estate in the exclusive Sycamore Edge community on Pemberton Lane in Doylestown is now on the market for $2,999,900. Built by renowned luxury home builder Richard Zaveta, this 5,950-square-foot residence blends elegance and functionality on a sprawling two-acre lot. With four bedrooms, four full baths, and two half-baths, this meticulously crafted home…
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Union League of Philadelphia Seeing Unprecedented Growth, Eyeing Further Potential Acquisitions
The Union League of Philadelphia is experiencing unprecedented growth, marking its most significant expansion in the last decade and more of its 160-year history, writes Ryan Mulligan for the Philadelphia Business Journal. The exclusive members-only private club, long a haunt for top business leaders in the region, launched its expansion in 2014 with the opening…
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18th-Century Kimberton Farmstead Hits Market
A stunning 18th-century farmstead in Kimberton with the original house dating back to 1745 recently hit the market for $1,295,000, writes Sandy Smith for the Philadelphia Magazine. This beautiful home sits by a weathered bank barn that was most likely built around the same time. The lovely residence has seen many additions and thoughtful updates…
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Meridian Bank House of the Week: Ivyland Home with Two Primary Suites & Chef’s Kitchen Listed for $1.75M
Nestled in the prestigious Council Rock School District, this breathtaking six-bedroom, five-and-a-half-bathroom estate is listed for $1,750,000. Boasting over 9,400 square feet of exquisite living space, the home exudes elegance, grandeur, and endless potential. . . As you approach the stately horseshoe driveway, you’re met with lush, mature landscaping and an impressive facade that sets…
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Bucks County Breaks Record for Biggest Real Estate Transaction Ever, But Sale Wasn’t to Who Was Rumored
A recent sale of more than 100 acres in Plumstead broke the record for the biggest residential real estate sale in Bucks County’s history, writes Joe Ciavaglia for Philly Blurbs. While rumors swirled that Taylor Swift purchased the property, the superstar singer confirmed she did not. While it’s currently unknown who the buyer and new…
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After Historic 2024, Center City’s Housing Boom Expected to Drop Drastically This Year
Center City saw a record amount of housing production in 2024, but that pace is expected to drop considerably this year, writes Paul Schwedelson for the Philadelphia Business Journal. A number of developers began angling to receive permits before the 10-year tax abatement and low interest rates were scaled back by the end of 2021.…
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Joel Embiid’s Old City Penthouse Hits Market Again With Another Major Price Cut
A 3,500-square-foot bi-level penthouse in Old City, owned by Philadelphia 76ers star Joel Embiid, is back on the market with an almost 30 percent price drop, writes Ryan Mulligan for the Philadelphia Business Journal. The 101 Walnut St. unit is listed for $3.9 million. The property was originally priced at $5.5 million in December 2023,…
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Meridian Bank House of the Week: A $5.8M Furlong Equestrian Retreat Offering a Step Back Into History
Tucked away on 103 pristine acres in Furlong, Fieldstone Farm is a stunning blend of 18th-century heritage and modern luxury. Listed for $5,795,000, this historic equestrian estate at 1515 Sugar Bottom Rd in Furlong offers the buyer a rare opportunity to own a property that reflects centuries of history. XXXXX XXXXX Built in 1747, Fieldstone…
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New Neighborhood with River Views Taking Shape in Bristol Borough
A new neighborhood with river views is taking shape in Bristol Borough, which is replacing a former shipyard and aircraft manufacturing plant, writes Kevin Riordan for The Philadelphia Inquirer. The second phase of Radcliffe Court on the Delaware is currently underway, with a 96-unit condominium complex of mid-rise buildings being constructed. The development has already…
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WSJ: Home Values Could Decline Soon, But Will It Happen As Quickly in Pennsylvania?
Home values are expected to fall this year in areas where supply is rebounding and prices seem overvalued, while regions like Pennsylvania will continue to see higher prices and bidding wars due to persistent inventory shortages, writes Carol Ryan for The Wall Street Journal. According to the National Association of Realtors, the national supply of…
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Keystone Begins Transformation of Plymouth Meeting Mall Office into Luxury Apartments
Keystone Development + Investment began converting a long-vacant office building next to the Plymouth Meeting Mall into a modern residential community, writes Kevin Tierney for More Than the Curve. The project, named Monarq, will feature 150 apartment units and recently received conditional use approval from Plymouth Township. According to Keystone’s website, the original 1970 structure…
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Housing Prices in Philadelphia Area Skyrocketing, But There Are Ways to Bring Back Affordability
For decades, homes in the region have been relatively inexpensive and Philadelphia enjoyed a reputation as an unusually affordable major city, writes Ben Seal for the Philadelphia Magazine. However, that is no longer the case, as housing prices have skyrocketed recently due to the pandemic’s lasting impact, including rising interest rates, soaring construction costs, and…
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Toll Brothers CEO Pays Tribute to Founders and Philadelphia
Toll Brothers CEO Douglas C. Yearley Jr. credits the company’s enduring success to the values instilled by its co-founder, Bruce E. Toll, writes Kevin Riordan for the Philadelphia Inquirer. “This company was founded on grit, and on being smarter and working harder than anyone else,” Yearley said. “That speaks to how Bob and Bruce were…
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Meridian Bank House of the Week: Lavish Buckingham Estate with Private Pond and Designer Kitchen
A stunning estate in Buckingham Township offering a rare blend of luxury, privacy, and scenic beauty is available for $2,595,000. Located at 3380 Indian Springs Road in Doylestown, this custom Zaveta-built home is set on 10+ acres of beautifully landscaped grounds, featuring a private pond, a charming gazebo, and even an island accessible by boat.…
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