While some markets seem to be slowing across the country, Philadelphia real estate seems to be going strong. Philadelphia Condos have gained in popularity in recent years and the trend is moving downtown and by the Delaware River Waterfront. For years, most people would live in the suburbs, but downtown Philadelphia is a city on the rise and residents are flocking to brand new downtown high-rise condos.
According to Brandon Fishman, CEO of http://www.newcondosonline.com and a native Philadelphia resident, "Young Professionals and empty nesters are beginning to see the value of living in a growing and fascinating city such as Philadelphia. Brand new condos in Philadelphia offer these people a wonderful new choice in homes."
http://www.newcondosonline.com is the largest new condo advertising website in the country. The site began its Philadelphia campaign by advertising Waterfront Square, a new condo development right in Penns Landing by the Delaware River Waterfront. The entire area used to be industrial and now most of it is turning into condos and even making way for casinos coming in. Waterfront Sqaure, a 5 building luxury high-rise seems to pave the way for the rush of condos in Philadelphia.
Other new large Philadelphia condo projects include: The Ellington, Cherry Street West Aria, The Murano, The Phoenix, and Western Union Condominium. If people choose to live near the city, there are also many new condo projects going up just outside the city such as Corinthian Condos on the Main Line. Westrum Development also has 4 brand new condo/townhome developments in and around the city.
As the Olde City area of Philadelphia grows in popularity especially with its nightlife, new condo developments are sprouting up there as well. The same trend can be seen in the city's Rittenhouse Square section
Philadelphia condos have seen a large increase in value over the last 5 years and prices do not seem to be falling anytime soon. Buyers can still get a great deal on a condo though especially compared to other cities in the northeast such as New York and Boston. With the large influx of new condos on the market, it will take some time for demand to catch up to supply, but it is obvious that the new age of living downtown in Philadelphia condos is here to stay.
About the company:
http://www.newcondosonline.com advertises all the new Philadelphia condos for sale and close to 1000 new condo developments across the country. http://www.newcondosonline.com is the largest new condo advertising website in the country and will be adding 30,000 international condo listings to its website in late October 2006. Builders have been advertising their new developments with great success now for 2 years on the website and Philadelphia continues to grow in popularity with users from around the country on www.newcondosonline.com.
