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
August YTD 2024
225 Listings on the market
83 Under contract
267 sold in 2024
76 avg days on market
95.10% list price / sales price
Avg $1,465,778
from the archives of last years email
August YTD 2023
240 Listings on the market
60 Under contract
208 sold in 2023
75 average days on market
96.25% list price / sales price
Avg $1,384,721
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 decreased 8%, pendings (under contract homes) have increased 27%, solds (sold homes) increased 22% in this sector since August 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 1.15% additional negotiating going on which amounts to about $14,880.
PENDINGS in the Luxury Market has decreased over the last month, this is common for the season, but not really notable. It is showing considerably 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
Discover an exquisite European Style Country Estate built in 2014, atop a hill located in Fox Chapel school district & proximity to Shadyside Academy. Surrounded by amenities: country clubs, parks, & dining, yet only a short drive to Shadyside & Downtown. 2 Guest houses by the porte-cochere overlook untouched land owned by local conservation trust. Meticulously crafted home features 2-story entryway, see more…..