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.