Hearthside Happenings

Market Update: June 2019

Real Estate Market Update for Philly, Bucks, Lehigh Valley and Montgomery County
Posted by Joe Carelli on July 18, 2019 in  bucks county  coldwell banker  coldwell banker hearthside  lehigh valley  market update  Montgomery County  northeast philadelphia  real estate  real estate industry
June 2019 Market Update Its summertime, the kids are home from school, vacations are planned and the AC is working overtime. While the weather has been hot, let’s take a look and see if the real estate market is seeing similar trends. WHAT’S HAPPENING NOW  “Inventory continues to dominate the market when comparing the conversation in regards to the market. This has been an ongoing talking point for the past two years for buyers and sellers. We are seeing however that the pace of inventory h... read more
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The Future For 1,400 Acres of Waterfront Property at South Philly's Refinery

Following the refinery explosion and closure what does the future hold for Schuylkill's waterfront property?
Posted by Joe Carelli on July 17, 2019 in  Coldwell Banker  Coldwell Banker Hearthside  Navy Yard  PA  Pennsylvania  Philadelphia  Philadelphia Energy Solutions  Philly  Real Estate  Refinery  Schuylkill  Southern Philadelphia  Southern Philly
In June Philadelphia Energy Solutions made national headlines following a fire at the largest refinery on the east coast. The explosion produces a fireball so overwhelming that it registered on the National Weather Service’s infrared satellite and transformed the Southern Philadelphia skies into a bright orange glow. The Philadelphia Energy Solutions refinery on the Schuylkill waterfront is set to be decommissioned in late 2019, which may open up more than 1,400 acres of prime waterfront real estate. The refi... read more
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Bucks County Commissioners Approve Federal HUD Grants

The Bucks County Commission voted to approve a plan to distribute more than 3 million dollars, what does this mean for Bucks?
Posted by Joe Carelli on July 12, 2019 in  bucks county  Coldwell Banker  Coldwell Banker Hearthside  industry news  pennsylvania  real estate
Bucks County Commissioners Approve Federal HUD Grants The Bucks County Commission voted to approve a plan to distribute more than 3 million dollars in grants from the Department of Housing and Urban Development. These grants are provided to the county by HUD to help alleviate housing pressures. While low-income Bucks County residents and senior citizens are the primary beneficiaries, HUD projects often act to beautify and uplift communities through the economic benefits of new development and long-term housing sus... read more
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Nation's First E-Sports Arena Coming to Philly

This 50 million dollar project will call the area close to Citizens Bank Park, Wells Fargo Center and the Linc home.
Posted by Joe Carelli on June 21, 2019 in  Construction  E-Sports  New Construction  pennsylvania  Philadelphia  Philly  Real Estate
Comcast-owned Spectacor announced that they are going to begin construction on the first gaming-exclusive arena in the United States, for Philadelphia's Fusion e-sports team. The project is slated to cost up to 50 million dollars and is a tangible reminder of the substantial growth in the popularity of e-sports, where gamers challenge each other in video game contests in front of packed arenas. Spectacor is set to break ground on the project in the summer of 2019 at the complex stadium site in South Philly. The ne... read more
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May brought spring into full-swing and had kids looking forward to the summer. Many spent their days revitalizing their gardens and opening the pool for the season. With everyone looking forward to summer vacations and plans let’s look back at the market for the month of May.   WHAT’S HAPPENING NOW  “Inventory shortage continues to be a highlight when discussing the market. The rate of decline is narrowing when compared to the trends we saw in both 2017 and 2018” stated Jamie Manc... read more
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