Greater Pittsburgh Luxury Real Estate Market Report
Hempfield Twp comprises downtown & suburban areas. There are diverse activities and a robust Park and Recreation Dept. The community is a great place to raise a family. This is a 5 Bed 4.2 Bath 3 Car Brick Home on 1.9 Acres…. see more
Lifestyle of the Rich & Famous Pittsburgh Edition
HOMES $1,000,000+ STATISTICS
March YTD 2024
245 Listings on the market
74 Under contract
65 sold in 2024
94 avg days on market
92.46% list price / sales price
Avg $1,410,022
from the archives of last years email
March YTD 2023
164 Listings on the market
68 Under contract
29 sold in 2023
91 average days on market
93.88% list price / sales price
Avg $1,319,525
People make comments and ask questions all the time, about interest rates and how the market is performing….
“Think about this, MORE Luxury homes sold in 2023 than 2019 & 2020 combined.”
YTD Statistics
Comparing the last several years the High-end Luxury market has remained on the move. We are still in the MIDDLE of the best or 2nd BEST Luxury Market the Greater Pittsburgh Area has ever seen. Inventory (available homes) has increased 33%, pendings (under contract homes) have increased 8%, solds (sold homes) increased 52% in this sector since March 2023 and has remained stabile. It will be interesting to see with the increased inventory if this does start to shift to the buyers advantage, it does look like there is about 1% additional negotiating going on.
PENDINGS in the Luxury Market has increased slightly over the last month, but nothing really notable. It is showing more activity than last year at this time.
I have studied with the Institute for Luxury Home Marketing and have a robust marketing plan for Luxury homes! - Nick
Feature Home
Don’t miss your chance to have it all and call this gorgeous home yours! The LINKS Golf Course Community of Butler County. The backyard is an epic area for relaxing and enjoying your down time, host your own outdoor cooking show with the stone kitchen, patio, water fountain and fire pit areas with impeccable landscaping and manicured lawn. This home has spectacular vaulted ceilings and hardwood floors. The main living level features a stunning kitchen with granite countertops and commercial appliances, primary suite with jacuzzi tub, see more…..