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Tredyffrin Easttown Real Estate Luxury Market May 2017

Tredyffrin Easttown Real Estate - May 2017 Luxury market

The price point for a luxury market starts at different points across the country. Here in Tredyffrin Easttown generally anything priced above $1,000,000 is considered part of the luxury market. Being the only Christies Real Estate representative in the Philadelphia area Long & Foster Real Estate Inc., has some different price points for select programs for luxury homes. To ascertain what programs your home might enter please contact Nick Vandekar, luxury home specialist in Treedyffrin Easttown with Long & Foster Real Estate Inc. Nick@VandekarTeam.com, office 610-225-7400, cell or text 610-203-4543.

In May 2017 the luxury market appears quite active, which is a good sign as this part of the market has been slower to recover than other areas of the Tredyffrin Easttown real estate market.

May 2017 TE luxury market stats

In Tredyffrin Easttown there are currently 62 homes for sale, of which 4 are under contract, these range in price from $1.03 million to $8 million.

There are 26 homes currently showing as pending sales waiting to go to settlement, with prices ranging from $1.045 million to $3.45 million. Average days on market for these pending homes is 48. 

Only 6 homes settled in May, in line with what we have seen at other price points in the market, with prices ranging from $1 million to $1.65 million, average days on market for these homes was 74 with homes selling for 91.8%  of their original listing price. 

What we see is that the luxury market offers plenty of choices for home buyers at all price points with the majority of homes priced under $2 million and just a few homes priced above this $2 million price point. What is noticeable is that while all homes have photographs few homes have virtual tours connected to them of any type. In today's world where buyers are looking on line this seems to bean opportunity that is being missed by sellers who want their homes to have the widest exposure to a market that has picked up after a very slow recovery.

If you are considering selling your luxury market home call Nick Vandekar of Christie's Real Estate with Long & Foster Real estate Inc., and see how your home can be marketed with video and even 3D virtual tours to give it the best exposure to the market. Nick@VandekarTeam.com, office 610-225-7400, cell or text 610-203-4543.

 

If you are buying or selling on or around Tredyffrin Easttown or along the Main Line we can help you,  contact us or connect

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