Malvern was named one of the area's "10 Hottest Suburban Philadelphia Towns" in Philadelphia Magazine's March issue.

Malvern joined other towns such Ardmore, Newtown (Bucks County) and Phoenixville. Click here to see the full list.

"Malvern is in the midst of a gold rush of sorts," the magazine said. "Buyers looking to get into the excellent Great Valley School District and close to the Main Line at a good price (realtors like to refer to this as the Upper Main Line, much to Gladwyne's chagrin) are making grabs for newly converted land."

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Here's what the magazine has to say about Malvern:

Malvern is in the midst of a gold rush of sorts. Buyers looking to get into the excellent Great Valley School District and close to the Main Line at a good price (realtors like to refer to this as the Upper Main Line, much to Gladwyne's chagrin) are making grabs for newly converted land. "We're seeing an awful lot of new construction," says Linda Theuer, a realtor with Berkshire Hathaway in Malvern. Some of these new communities have walking trails, playgrounds, and houses with all the great rooms and chef's kitchens one could want, but smaller lots, by design. "People today want to be doing things with their families, not taking care of big plots of land," says Theuer.

The report goes on to say commercial developers are expanding in Malvern too, citing new housing, a hotel, and more dining options cropping up.

"Plus, changes coming to downtown Paoli andDevon (if that tempestuous Urban Outfitters center ever happens) will only benefit this growing village," Philly Mag says.