Inky features Passyunk Square in its town by town roundup

700 block of Sears Street, from Michael Bryant at Inky

Writer Al Heavens of the Inquirer educated the outside world about Passyunk Square in a nice write-up that really shows how much has changed in just a few short years. Especially with housing prices.

Prices are running $250,000 to $325,000 for a two- or three-bedroom, two-story rowhouse of 700 to 1,200 square feet, $325,000 to $350,000 for three-story rows on the number streets, and $400,000 to $450,000 for new construction with parking.

Heavens highlights PARC’s efforts to ease parking with valet stands, the restaurant boom and gives a rundown of all the major development that’s planned: Wharton Street Lofts, Latona Court, Cedars Village, etc.

Demand for housing is so great that Mickey Pascarella, an agent with Keller Williams who has lived in the neighborhood since 2007, says supply is tighter here than anywhere else in the city.

“There just isn’t that much inventory,” says Pascarella, noting there is very little room for extensive new construction that might ease the shortage.

 It’s a decent read, so check out the full thing here.

3 thoughts on “Inky features Passyunk Square in its town by town roundup

  • February 11, 2013 at 12:28 pm

    Prices noted there are a bit inflated, I think. I beg to differ about getting $250K for a 700 square foot rowhome unless they’re referring exclusively to brand new places, which I don’t think they are. (Please don’t let anyone in the city’s OPA office read this before they send out AVI assessments on Friday.)

    • February 11, 2013 at 12:30 pm

      Right? Those AVI assessments are giving us nightmares

    • February 11, 2013 at 1:57 pm

      My thoughts exactly. I panicked after reading this as my little two bedroom is worth nowhere near that. Let’s hope the AVI folks use a more fine tuned methodology.

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