AViewFrom Pittsburgh
Despiteinterestrate hikes,demandfor luxuryhomes continuesaspeople spendmoretimeat homethaneverbefore.
Herein Pittsburgh, theluxurymarket isstrongandtrendinginthebuyer's favorasweenter2023. Whilesome maybebracingforadownturninthe realestatemarketthisyear, Pittsburghisstillbeingreportedby manymediaoutletsasahealthy marketfor2023inregardstohome valuegrowth,thankstoourstable economy,thrivingjobmarketand otherfactors.
Itwasanotherrecord-breakingyear forhigh-endsaleswith328homes soldfor $1million+ whichwasan 11.9%increaseovertherecordthe
LUCAS PIATT Founderand CEO Piatt Sotheby's
International Realty
yearbeforeof293sales.Averagedays onthemarketwasalsodown25% from 2021,withadropfrom96to72days.
RecentMarket Movers
Our brokerage madethehighest sale ontheWest Penn Multi-Listwith330 Shields LaneinSewickleysellingfor $4,475,000.
Inventorylevelsareup 15%overlast year.
Moreluxurybuyersarerelocatingto western Pennsylvaniaaswordgetsout thatyoucangetmoreforyourmoney here. Weseetremendousvalue inour luxury homemarket,bothinthequality andsizeofahomeabove$1million.
2 LuxuryOutlook2023
CLICKOR SCAN TOEXPERIENCETHE LUXURYOUTLOOK.
TIMELESS BEAUTY, CLASSIC STYLE
330 Shields Lane Sewickley,PA 15143
Sold for $4,475,000
No detail was overlooked and no expense spared in the creation of this truly special home that was the most expensive sale on the West Penn Multi-List for 2022 Built in 1908, and thoughtfully renovated in 2020, this residence was upgrade in every aspect,both inside and out, to create a home that flows perfectly for both entertaining and daily living
