As Brewerytown/Point breeze becomes too expensive, where to next?

As Brewerytown/Point breeze becomes too expensive, where to next?

Real Estate Agent · Philadelphia, PA · Member since 2018 · 428 posts · 484 votes

The "Hot/Up and Coming Neighborhoods" like Point Breeze and Brewerytown have quickly become over inflated with the resale value, often times from wholesalers selling to wholesalers who then eventually sell it to an investor.  Since new investors do not know any better and are going off of the neighborhood hype, they verify  these prices and get slammed into deals they should not be in.  This unfortunately ruins it for the rest of my investors who still would like to make a pretty penny in promising/developing neighborhoods.

I have seen many of my seasoned investors start to migrate to properties in Germantown and the outskirts of U-City as well as Grays Ferry as that neighborhood has experienced the trickle gentrification from Point Breeze the same way that Port Richmond has felt the benefits of Fishtown/East Kenzo. 

Does anyone have data that would possibly back up disprove my personal experience with my investors? 

I am always looking for the crystal ball play for my investors as the market is starting to shift and the need to buy and hold will become a more and more effective strategy and prefer to make my statements data driven not intuition. 

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  • Rental Property Investor · Saint Petersburg, FL · Member since 2012 · 38 posts · 10 votes
    7y

    I agree with you jimmy.  Many of the up and coming neighborhoods have been picked over by wholesalers as well as homeowners asking inflated prices based on the hype surrounding these areas.  I still think there is good value in port richmond as it’s akeays been a stable market and hasn’t skyrocketed like brewerytown or point breeze. I’m Also looking at bridesburg as another viable option as it’s another stable neighborhood with easy access to center city.

    With that all being said please PM me if you come across any good deals in either of those areas.

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