PHI

Philadelphia Housing Prices Are Up 22% in the Last 12 Months

May 19, 2017 / Comments Off on Philadelphia Housing Prices Are Up 22% in the Last 12 Months

An average Philadelphia house sold for $112K in April (these numbers are seasonally-adjusted, smoothed over time, and adjusted for housing traits), compared to $92K in April 2016. This means that prices are up 6.1% over the last quarter and a whopping 22.2% over the last year. This increase mostly represents skyrocketing demand, though it also […]

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Philadelphia Housing Index: The El’s Impact on Neighborhood Premium

March 31, 2017 / Comments Off on Philadelphia Housing Index: The El’s Impact on Neighborhood Premium

You may have noticed, we think a lot about the value of public transportation around here. So we paid extra attention when the Inquirer and Billy Penn introduced a fascinating series on the importance of the El to Philadelphia. Weekday ridership on the El (officially, the Market-Frankford Line) has increased by 20% since 2001, and […]

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CCD’s 2017 Housing Report Used PHI to Showcase Growth in Center City

February 20, 2017 / Comments Off on CCD’s 2017 Housing Report Used PHI to Showcase Growth in Center City

On February 16, 2017, Center City District (CCD) released their 2017 Housing Report: Building on Optimism, focusing on Philadelphia’s record number in new residential units in this past year and the incredible growth occurring in Center City. According to the report, over 2,500 new units were created in Greater Center City with a 15.5% increase […]

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Philadelphia Housing Index: Back to School

October 7, 2016 / Comments Off on Philadelphia Housing Index: Back to School

We heard your requests, and have added a new feature to the Philadelphia Housing Index: Schools! We have reanalyzed the indices using school catchment areas, and have produced the housing indices for Elementary and High Schools. Methodology The methodology for the school catchment indices are the same as outlined in the original HPI blog post. […]

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Remodeling Philly’s Housing Price Index

September 23, 2016 / Comments Off on Remodeling Philly’s Housing Price Index

Welcome to the Econsult Solutions Philadelphia Housing Index! Today, we are excited to release the new ESI Philadelphia Housing Index (PHI). Like its predecessor, the new PHI measures changes in the sales price of Philadelphia’s housing units through time, adjusting housing traits to compare like-to-like, with differentiated trends by city district. The model behind the index […]

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