Prices of South Philly homes have increased 12% in a year

South Philly real estate prices are on the up.

From Philly Mag.

We’ve shared with you before about the rent prices rising, but now we have some new information on the cost of homes. In the span of a year, the price of South Philly houses has increased 12%.

More from Property:

At the neighborhood level, West Philly, University City, Kensington/Frankford and South Philly are seeing serious growth, as each area has experienced double-digit price appreciation over the past year. Values in University City and West Philly are up over 21.8% and 20.8%, respectively.