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November 8, 2010

Center City Real Estate Fun Facts

Filed under: Center City Real Estate,Real Estate: Condominiums,State of Marketplace — Center City Philadelphia Real Estate Agent @ 1:04 pm

Lifted from an article I read on Philly.com and CenterCityPhila.org:

– A little less than half the working people who live in Center City have jobs there. One-quarter commute out to the suburbs. Most of the rest work elsewhere in Philadelphia – except around wealthy Rittenhouse Square, where nearly one-fifth of the population works in New York or some other “Out of Area” location.

– Around one in three Center City workers walk to their job. Almost as many “reverse commute” by car. About a quarter take Septa or Patco. 6% work at home; 5% bike.

– Philadelphia “is weathering the recession much better than other places,” at least partly because we didn’t inflate so much:

Philadelphia ranks with energy-rich Dallas and Denver as places where home prices are off less than 10% since the market peaked three years ago.

Know any fun facts about living in Center City Philadelphia you want to share/comment on? Let me know!

Mark Wade
www.CenterCityCondos.com
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106

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530 Walnut Street, Suite 260
Philadelphia, PA 19106
Direct: 215.521.1523 ~ Office: 215.627.6005
Fax: 215.627.3142
Email: Mark@CenterCity.com
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