Philadelphia Luxury Homes For Sale and Rent

philadelphia luxury homes

Philadelphia luxury homes has an intriguing mix of historic colonial structures and metal-and-glass high rises coexisting throughout the city. Its urban beauty and historic charm, coupled with its fascinating culture and arts scene attract many buyers seeking luxury properties.

Real estate professionals say the city has attracted wealthy buyers from more expensive markets who are looking for an urban setting with relative affordability and access to jobs in health care and other professions. Moreover, the area’s proximity to the sea and mountains makes it ideal for those seeking a mix of urban and suburban lifestyles.

Luxury Living in the City of Brotherly Love: Unveiling Philadelphia’s Most Prestigious Homes

Currently, there are 184 homes for sale in Center City at a median listing price of $535K. Some of these properties are “Hot Homes” and will likely sell quickly. Popular neighborhoods include Fairmount, Graduate Hospital, South Philadelphia, West Philadelphia, Queen Village and Fishtown.

For those interested in philadelphia luxury homes for rent, there are also several upscale apartment buildings with high-end features and amenities. Some of these feature rooftop pools, top-quality chefs’ kitchens and even monumental granite fireplaces.

While rising mortgage interest rates are a factor, they aren’t deterring many of the most serious buyers. Realtor Kristen Foote, who leads a team that sells multimillion-dollar homes in Philadelphia, says many of her clients are still paying all cash for properties priced well over $1 million. Some are living in their new homes while others use them as vacation retreats, she says.

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