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Berkshire Hathaway HomeServices Fox & Roach RealtorsDevon Home Marketing
Center, 431 W Lancaster Avenue
Devon, PA 19333

3 Reasons Why Luxury Home Buyers Could Lead The Way

Luxury Property Sales Snap Shot ~ January 2008 – June 2008

Luxury Home Properties Main Line Pa Chester County810 Luxury Home Properties For Sale, 175 Luxury Home Properties Sold in Chester County, Delaware County and Montgomery County within the last 6 months.

The Average Sold Price for Luxury Homes in Chester County, Delaware County and Montgomery County during this market period was $1,536,483., with the highest sold property price being $4,175,000.  the Average Days on the Market for the Luxury Home niche was 94 DOM.* It’s a great time to be a Luxury Home Buyer!

3 Reasons Why Luxury Home Buyers Could Lead the Way ~

  1. Luxury Property Home Buyers have more financing options,
  2. Luxury Property Home Buyers have many inventory choices
  3. New Construction incentives have never been greater

What’s a Luxury Home? Good question. For this Market Snapshot, we picked $1M+. The definition of a Luxury Home is a moving target, even for our local Main Line Market, which is more stable than many markets. When I first came into real estate, there were very few $1M properties on the market.

Luxury Homes Currently For Sale:

Montgomery County Leads In Luxury Homes Sold ~

Luxury Homes Sold In Past 6 Months:

New construction trends to mega homes have changed the definition of the Luxury Property Market in the Tri-County Area. Geographic factors and market competition remain unchanged as the determining factors in defining a Luxury Property price point.

*Data Courtesy of Trend MLS deemed accurate but not guaranteed

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