Philadelphia Metropolitan Area Real Estate Law Blog

People who live in Philadelphia are likely to be familiar with the Kensington neighborhood. For quite some time, it’s been known as a “tough” area. However, a fresh round of real estate development is beginning to turn that reputation around. This slow — but visible — change has many people living in the neighborhood excited about the future.

Partial interest real estate deals are apparently on the rise in Manhattan, accounting for 63 percent of the $15.7 billion spent in Manhattan office transactions in 2011. That number is up from 19 percent back 2007, when the market was at its height.

San-Francisco-based real estate search engine NeighborCity recently lauched AgentMatch, a service advertised as seeking to connect high quality real estate agents with home sellers and buyers. According to a recent Philadelphia Inquirer article, though, the new search engine may not be entirely accurate about agents’ qualifications. Part of the issue is suspected to be that the website is not correctly identifying townhouses as condos. In Philly’s older rowhouse neighborhoods, townhouses can be condominiums but are rarely so.