Elfreths Aly with its cobblestone streets is a year-round tourist attraction and homes in the area rarely go on the market, says McManus. The current owners have had this property for more than 30 years.
“It’s narrow and it’s cozy, but we really see the buyer of this property being someone who can rent the property out based on its historical value and its proximity to historical attractions in Philadelphia,” said Ryan McManus, the listing agent and founder of the real estate company Agent PHL. “It’s a historical attraction itself. That’s [a] market for Airbnb.”
SOLD - DUAL AGENCY - AGENT PHL NEW DEVELOPMENT EXCLUSIVES
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Queen Village is one of the most highly desirable neighborhoods in the entire city given its tight-knit South Philly vibe, community feel, well-maintained historically charming properties, schooling, and proximity to eclectic restaurants and small local neighborhood businesses. Economics in this neighborhood are incredibly strong: median household income in Queen Village is roughly double the Philadelphia average and median home values are roughly three times the Philadelphia average.
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Developers who focus on Philadelphia’s established and emerging neighborhoods, are finding that this is their moment to seize. In fact, developers are finding they can’t construct new units fast enough to meet demand and as a result prices are on the rise.