Newcomers to Philadelphia will be wowed by the city's strong local economy and versatile real estate market. Potential home buyers and real estate investors alike will be able to find a property to suit nearly every taste, lifestyle and budget. Philadelphia's real estate market is such that your home buying dollars will stretch further than many other major city-centers. At the same time, home owners here have experienced a steady appreciation of their homes' values over the years, making the decision to own rather than rent a very smart move indeed.

Recent real estate reports indicate that the lower end of Philadelphia's real estate market begins at around $26,000. At this price point, you will find a small unit in a multi-family complex, such as a condominium or town house. A typical three-bedroom, two-bath single-family home generally begins at around $95,000 for a "starter" or "fixer-upper" model. The median price for a similar home in turn-key condition is currently around $269,900.

Philadelphia also maintains an ample supply of simply breathtaking executive-style homes as well. The local real estate market currently tops out at just over $6,000,000 for a unit in a posh multi-family complex in the heart of the city. With over five thousand square feet of living space, this price point will deliver an exceptional home displaying the finest woods, stones, and tiles throughout with pride of ownership evident in every meticulous detail.

In their free time, residents here have no shortage of venues to explore. The city is a haven for those who desire artistic and cultural offerings, with nationally-recognized performing arts companies, museums and galleries dotted throughout Philadelphia. Downtown's eminently walkable streets provide locals with an opportunity to stroll through the city's various neighborhoods as they shop and dine.

The city's original five public squares remain intact today, providing green spaces in the midst of urban living. Not only are these squares visually appealing places to visit, but they are evidence of the commitment to preserve founder William Penn's original vision of this impressive city. Many locals can be found gathering in Independence National Historic Park, known as "America's Most Historic Square Mile". This is where you will find Independence Hall, the site where the Founding Fathers signed the Declaration of Independence on July 4, 1776, as well as the Liberty Bell.

Local families enjoy trips to the local Philadelphia Zoo, the first in the nation, as well as such world-renowned sites as the Rodin Museum, Franklin Institute Science Museum, Pennsylvania Academy of Fine Arts, Academy of Natural Sciences, and the Please Touch Museum, designed specifically for children aged seven or younger.

Philadelphia is also a serious dining city. Not only will you have a chance to munch on the famed Philly Cheese Steak sandwich, but you will find a spectacular array of ethnic restaurants, fine dining, brew pubs, and family oriented fare. In fact, the city recently earned the coveted award of “America's Number One Restaurant City”.

Philadelphia is a vibrant and diverse city, founded on the ideal of self-expression and personal freedoms. This is a core value that you will find today in the city and its residents, who come from every corner of the globe to live here. With so much to offer, it is little wonder that Philadelphia is a top relocation destination, equally well suited to singles, seniors and families alike. If you are thinking about moving, consider all that Philadelphia, Pennsylvania has to offer! To learn more, simply request our free relocation packet today.