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Old Today, 12:13 AM
 
Location: Philadelphia
11,835 posts, read 9,938,613 times
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Quote:
Originally Posted by kyb01 View Post
I mentioned Overbrook Farms. It's another neighborhood you might want to look at. The houses are mostly amazing and it is a very green neighborhood.

The problem with Germantown (and I like the NW part of the city) is that you home equity will not increase very much over time. If you intend to buy property it's something you might want keep in mind.



Mmh, Germantown has actually been steadily rising in home prices (enough to evoke G-Word panic all over) -especially compared to Overbrook Farms. Once the huge Wayne Junction development is completed,spearheaded by Ken Weinstein, things will really get hot.

An identical home around the corner from me recently sold for over 200% what I paid in 2011, and another is now for sale for the same.
Mt. Airy home prices have risen even moreso the last 15 years or so, with nowhere to go but ever-closer toward Chestnut Hill values. Homes often sell very quickly in this part of the city.

Last edited by 2e1m5a; Today at 12:24 AM..
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Old Today, 09:36 AM
 
8,387 posts, read 4,525,296 times
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Quote:
Originally Posted by 2e1m5a View Post
Mmh, Germantown has actually been steadily rising in home prices (enough to evoke G-Word panic all over) -especially compared to Overbrook Farms. Once the huge Wayne Junction development is completed,spearheaded by Ken Weinstein, things will really get hot.

An identical home around the corner from me recently sold for over 200% what I paid in 2011, and another is now for sale for the same.
Mt. Airy home prices have risen even moreso the last 15 years or so, with nowhere to go but ever-closer toward Chestnut Hill values. Homes often sell very quickly in this part of the city.
Well, I didn't know that about G-town. For Mt Airy I'm not surprised.
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