West Chester OH Most Expensive Luxury Home Sales In 2015
2015 saw the luxury home market in West Chester Ohio continue a slow steady pace. There were 31 luxury home sales in West Chester in the first eleven month’s of 2015 compared to 35 luxury home sales in the same period in 2014.
The inventory of luxury homes for sale in West Chester remains very high relative to the number of homes selling. While the current inventory is high right now, the level of unit sales is still relatively high historically for West Chester. A fairly large part of the activity in the West Chester luxury home market is being driven by new construction. This new construction in the luxury market is almost exclusively in the Foxborough Subdivision and the Treillage Subdivision.
The inventory of luxury 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 12 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 2015 (see image below) were sold in a range from $675,000 – $1,089,3810. Of these ten home sales, 3 were in the Wetherington Subdivision, 3 were in the Reserves Of Providence Subdivision, 1 was in Indian Springs Subdivision and 3 were in Treillage Subdivison.
3 of these luxury home sales were new construction homes. All 3 of these newly built homes were sold in the Treillage Subdivision.
Have questions on the West Chester Ohio Real Estate Market? Call Eric Lowry 513-368-3751
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