Point Breeze, Grays Ferry, bubble or not?
In south Philly , we heard a lot of stories for new construction, redevelopment in Point Breeze/Newbold area.
The prices of houses there are already higher than many areas within the city for a while, and I believe some of investors/brokers already expect there are bubbles there, so would like to know what exactly the status for the Point Breeze area? It seems the flips/sales activities are still high, so anyone expert in this areas can comment?
On the other side, Grays ferry seems to be going up, but still not near the Point Breeze yet,so what should we expect for this area?
Thanks