In 1895 a group of Pittsburgh businessmen, known as the Burrell Improvement Company, acquired some land on the east side of the Allegheny River planning for future in that they intended to see a city be created. After the land was surveyed the streets were laid according to plan in a rectilinear grid pattern. Avenues and streets were marked out with avenues running parallel to the river and the streets were numbered from 19th to 2nd. With the development of New Kensington firmly established, the foundation for what today is a beautiful area of Philadelphia real estate was a wise decision.
In 1891, the first parcels of land were beginning to be sold anywhere from $30-$300. This marked a new era for real estate in Philadelphia. Today in Philadelphia real estate for sale, signs are common again and there is ample opportunity for new buyers to move in to this area and find a perfect home to settle down in.
The population of New Kensington is around 30,000. The population growth is quite stable with very little change in the past year. This may make the market a little tough for prospective home buyers but there are numerous homes which can be bought easily by those who are looking for their first home. Condos as well as single-family homes are common. Local real estate agents were familiar with the area can effectively match anyone with the right home.
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