Most Expensive Home Sales in West Chester 2016
2016 saw the luxury home market in West Chester Ohio continue at a steady pace. There were 36 luxury home sales in West Chester in 2016, and there happened to also have been 36 luxury home sales in 2015.
The current inventory of luxury homes for sale in West Chester is on par with the luxury home inventory levels in other similar areas, illustrating the fact that the West Chester luxury market is pretty healthy. A fairly large part of the activity in the West Chester luxury home market is being driven by new construction.
The inventory of homes for sale in West Chester is quite high when compared to the amount of homes that are selling. Based on the current rate of sales in the luxury market there is a 14 month supply of homes for sale. Traditionally anything over 6 months worth of inventory is considered to be an oversupply favoring home buyers as opposed to favoring home sellers.
The Top Ten Most Expensive Home Sales in West Chester in 2016 (see below) were sold in a range from $680,000 – $1,200,000. Of these ten home sales, 5 were in the Oaks of West Chester, 2 were in Reserves of Providence, 2 were in Wetherington, and 1 was in Treillage.
Most Expensive Home Sales in West Chester 2016
Address – Sale Price – Subdivision
7244 Barrister Court – $1,200,000 – Reserves of Providence
7096 Kendal Lane – $918,000 – Reserves of Providence
7184 Laurel Oaks Drive – $889,000 – Oaks of West Chester
4268 S Observatory – $858,506 – Treillage
7143 Laurel Oaks Drive – $810,000 -Oaks of West Chester
7133 Laurel Oaks Dr – $800,000 – Oaks of West Chester
7291 Charter Cup Lane – $799,000 – Wetherington
7153 Laurel Oaks Drive – $699,500 – Oaks of West Chester
7154 Laurel Oaks Drive – $692,000 – Oaks of West Chester
7404 Sea Pines Place – $680,000 – Wetherington
Six of these luxury home sales were new construction homes. Five of these newly built homes were sold in the Oaks of West Chester Subdivision which was the location of the Homearama new home show in 2016, and one of the newly built homes was sold in Treillage.
Questions about the West Chester Ohio Real Estate Market?
Call/text Eric Lowry 513-368-3751
Read About the Most Expensive Home Sales in Liberty Township Ohio
New construction is popping up everywhere! Freddie Mac is estimating 1.2 million houses forming every year over the next ten years nationally.
