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
June YTD 2024
253 Listings on the market
116 Under contract
162 sold in 2024
85 avg days on market
94.50% list price / sales price
Avg $1,428,510
from the archives of last years email
June YTD 2023
200 Listings on the market
86 Under contract
112 sold in 2023
73 average days on market
94.07% list price / sales price
Avg $1,494,242
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 20%, pendings (under contract homes) have increased 25%, solds (sold homes) increased 30% in this sector since June 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 .43% additional negotiating going on which amounts to about $6,100.
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
A serene, estate-size lot backing up to a secluded green space. Custom millwork and moldings, hardwood floors, and coffered ceilings are just a few examples. The home includes a lower-level home theater, a wine or cigar room, a game room/billiards room and a fitness center. Numerous large windows and soaring volume ceilings throughout the main level bring abundant natural light inside. Dual sets of French doors in the family room connect to a spacious covered deck for al fresco dining; a stacked stone fireplace creates a focal point see more…..