Quote:
Originally Posted by Crawford
What is wrong with those prices? Those aren't particularly high prices for national standards. Two middle class earners can afford those SFHs.
Philly is a large, desirable, high income metro, and these are nice suburbs, with good schools. Why would SFH be cheap?
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Exactly. On top of that, part of the issue with a place like Plymouth Meeting is that its positioning as a desireable place to live is moving up the ladder.
Plymouth Meeting for years I would say has been considered an above average place, but not exceptional suburb by Philadelphia standards. It's adjacent to the Main Line, but not a part of it, so was always sort of in the shadows, and it hugs Conshohocken, which used to be a poor Milltown but is now a satellite city with it's own skyline and a odd number of fortune 500 companies. But, its extraordinarily well located (10 minutes from King of Prussia, which is Philly's second job center, 15 minutes from downtown, literally next to Conshohocken). It is at the nexus of 2 major highways (476 and the turnpike) and over time, the schools have become exceptional.
It's no longer really considered second choice, and that's starting to be reflected in housing values and new construction, which for the first time in the history of the town, includes tear downs, particularly in the Plymouth Valley neighborhood (big lots very middling rambler homes). This
https://www.everyhome.com/Home/732-W...y-Pennsylvania replacing this
https://www.google.com/maps/place/73...!4d-75.3049341.
This
https://www.everyhome.com/Home/122-P...y-Pennsylvania replacing this
https://www.google.com/maps/place/12...!4d-75.2994214
Anyway. The only knock against it is that it doesn't have transit connectivity.
In any other NE metro the entry point for Plymouth Meeting would be a million plus and the new construction homes in those links would be $1.5MM.