When it comes to real estate there are three things to keep in mind: location, location, location. If you are in the market for a Philly condo, your goal should be to buy in a neighborhood that is not only convenient for you, but that fits your lifestyle.
Today, work days are getting longer, and that means your time away from work is shorter, so more buyers are making the decision to forego hours of yard work and commuting in favor of low-maintenance condo living.
The market is responding, with developments located near entertainment, shopping, public transportation and the city center, giving residents numerous options, including popular developments like The National in Old City,
Narrowing Your Search, Philadelphia is a city of neighborhoods and it’s no different for condos
If you are familiar with Philly, you know it’s a city of neighborhoods, which gives you an advantage when it comes to narrowing your home search. Our city’s neighborhoods have personality, and complexes like The National, CityView, Residences at Two Liberty Place, and Murano Condominiums have embraced their locale’s unique ambiance.
Many searches begin in Center City with buildings like the Murano, the Residences at Two Liberty, and Ritz Carlton for good reason, downtown Philadelphia is a dynamic place to live and there are condos at affordable prices but don’t be discouraged if the prices go too high or it’s difficult to get a place under contract, start looking in a few of these neighborhoods:
- Art Museum District features the CityView, 2601 Parkway Condominiums, and is a few minutes walk from downtown, and of course, is right by so many of Philadelphia’s best museums.
- Old City is getting busier with new restaurants, grocery stores, and nightlife but is still a refuge from Center City. The National is a unique building with a variety of layouts and configurations, Society Hill Condos are more traditional condos but they are close to the Waterfront.
- Speaking of the Waterfront, we talk often about the Waterfront Square Condominiums and the Dockside Condominiums both offer excellent amenities and views you won’t find anywhere else.
The Philadelphia Condo Market is Hot
With increasing numbers of both first time home buyers and empty nesters looking to downsize, the competition for condos is growing. The most successful buyers hone in on a neighborhood first and then focus their search, which makes it easier to grab one of these hot properties.
We’ve covered this before noting prices in our post last week, and in our more detailed post about why Philadelphia Condo prices have gone up, and why they will likely continue to go up. Make sure to take a look here Why condo searching, and buying, can be more difficult in Philadelphia.
How Do You Choose?
Real estate experts recommend focusing near where you like to spend time, whether that’s in the Museum District close to I-76 or in Northern Liberties close to North Philadelphia or Waterfront Condominiums close to Washington Square and Old City areas and historical sites.
Proximity to work or public transportation is also a good place to start, and once you choose a neighborhood or two, a realtor can help you focus in on developments with units in your price range, whether that’s in a high rise penthouse, resort style complex, or a trendy, loft-style building.
The National, The Tivoli, and Waterfront Condominiums are examples of condo developments that each offer varying floor plans and quality amenities, but their locations offer lifestyle benefits that go beyond what you can see in an online listing.
New to the Area, Let Us Help You Narrow Your Philadelphia Condo Search
If you are new to Philadelphia, finding the right condo can seem like a daunting task, but we will be happy to help you narrow your search to neighborhoods that fit your work and life style choices. Contact us today!