eXp Realty-Philadelphia is Located at WeWork in Northern Liberties at 1010 North Hancock St. Philadelphia, PA 19123.eXp Realty is proud to be located at WeWork (the former Schmidt's
Montgomery County Housing Update GOOD NEWS
Planning commission report shows increased housing construction in Montgomery County
According to the report, 1,016 housing units were built in the county in 2012. “It’s only one year, but it is an indicator that things are getting better,” France said.Construction of both attached and detached single-family homes, according to the report, is at its highest since 2009. In 2013, 520 single-family detached homes and 525 single-family attached homes were built in Montgomery County.Multi-family homes (apartment housing units) had the biggest jump from 2012 to 2013 with 378 units built in 2013. In 2012, only 92 multi-family housing units were built in the county. The report defines each apartment in an apartment complex as a multi-family unit.“Last year when we gave this report, if you recall, we were concerned about those low numbers, especially with multi-family but it wasn’t consistent with what we thought was happening,” Frances said.He explained that while he was concerned, they were confident the number of multi-family units being built would rise again and this year there are multi-family projects underway.“There’s 385 units in Spring Mill near the train station, 398 units in Plymouth Meeting going up on Plymouth Road right off of the turnpike there,” France said.At the municipal level, the highest number of housing units, including single-family attached, detached and multi-family, were in Towamencin. According to the report, 226 housing units were built in the township, most of which are multi-family units.“They were driven by the single largest development of the year which was the Bridgeview Apartments in Kulpsville,” France said. The Bridgeview Apartment complex holds 180 housing units.Overall, the report indicates that most of the housing construction projects in 2013 occurred in the center of the county.The county also saw a spike in age-restricted housing units being built. According to the report, 286 age-restricted housing units were built in the county.“I don’t think this is any radical shift. I hear a few developers say they’re not sure of the market, but the population is getting older so we’re seeing the demand is still there,” France said.In May, France presented a report to the board of the planning commission that showed median housing prices in Montgomery County were up 4.7 percent from the median house price in 2012. Another sign, he said at the time, of a positive future for housing in the county.
THE CHIODO TEAM - Ralph Chiodo Broker / Owner 610-579-9514 Karen Chiodo Realtor / Owner 610-579-9514 Together Ralph and Karen (and their dedicated Team) have success....