Greater Pittsburgh Luxury Real Estate Market Report
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.…. see more
Lifestyle of the Rich & Famous Pittsburgh Edition
HOMES $1,000,000+ STATISTICS
May YTD 2024
263 Listings on the market
95 Under contract
114 sold in 2024
87 avg days on market
93.90% list price / sales price
Avg $1,440,160
from the archives of last years email
May YTD 2023
182 Listings on the market
99 Under contract
71 sold in 2023
76 average days on market
94.30% list price / sales price
Avg $1,489,399
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. 2024 is pacing ahead of 2023.”
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 31%, pendings (under contract homes) have decreased 4%, solds (sold homes) increased 37% in this sector since May 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 1/2% 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
Amazing 5 Bedroom, 4.5 Bath Custom Built Home located in the Emerald Fields Community. Features Include: 10' Ceilings 1st Floor & 9' 2nd Floor, Hardwood Flooring Throughout the 1st Floor, Family Room w/Stone Fireplace & Mantle, Gourmet Kitchen w/Quartz Countertop, Large Center Island, Stainless Appliances, Under Cabinet Lighting, Backsplash & Walk-In Pantry, Sunroom, Entry w/Staircase & Wrought Iron Spindles see more…..