Got money to invest in real estate? Here's the hot sections of Philadelphia that people are searching for on Trulia.com, a web site devoted to real estate. Neighborhoods with large discrepancies between what the average home lists and sells for are noted.
Comments (51)
Kensington probably has an average sales price of $25,000 not $256,000.— chrisartur- Why would anyone invest in this city? You would do better going to AC and put it all on black— blombard
- Before posting know what you are talking about . Real estate in philly is a great investment . — kdubs71
- But I bet you support Philly sports, freaking hypocrite. You don't have any loyalty to this city, so take off that jersey you punk.
— phil80 
this is some crazy list...— Heckler- Uh, it is Philly. I would suggest keeping both your money and body far clear of the city limits. Both will get abused inside of that city.— kelprod2-freemarket
- We don't want scum like you here either. The city is much better off without your presence.
— daxtremesolja - Publishing this should be libel. Instead they should be doing a story about what a complete joke and flat out damage websites like Trulia and Zillow do to homeowners. Maybe it works in a townhouse community, but not a city of diverse propoerties. Yeah sure, Center City real estate prices dropped 70% in a year. Roxborough down 50%. I mean seriously. This should not be published. And no, I am not a realtor, just not an idiot.— Freddy
- thanks. Roxborough actually enjoyed relatively stable home prices throughout the recession/downturn. Older homes may have lost $25,000-$35,000 in value but that is only 15% or less. The worst I've seen in my neighborhood was a 20% drop ($50,000) from pre-recession to now on identical homes. That is certainly not 50%. New homes, which really do sell at $370,000 - $500,000 skew the average up a bit but also help raise the value of older homes — kumpleks
- Did Trulia buy ad space in the form of a fake article or something? That site caters to home buyers, not home sellers. They publish fake, made-up numbers to get a buyer excited. That's all. Their information is also 6 months older or more. The only database of accurate information is Trend, and that's used by actual realtors and not bloggers looking to fill space.— Santa Satan
- A quarter of a mil. in Kensington? No way gentrification has reached that far north - at least not yet. It's slowly making it's way up from NoLibs and Fishtown but there are way too many dilapidated buildings, abandonded warehouses, drug dealers, and general filth for it to be realistically (at least in the short term) considered "up and coming". There are some nice rehabs, and decent blocks, but putting out that kind of money is a big leap of faith, to say the least! Point Breeze is closer to Center City and it seems like there is a lot more investment going on there even though the crime, drugs, and decay are a bit more endemic.— canudigit?
- Invest in Philly? Ha ha ha ha ha ha ha ha!!!!!!— ricciaje
- Do you understand what an investment is? Buy lower than you sell, appreciation of the asset over a period of time. — phil80
- Enjoy trolling from your mom's basement in the suburbs. — phillis82
- This comment has been deleted.— johndallasbowerzbarn
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