West Chester Borough’s Luxury Market Surges in June
June was a standout month for the luxury real estate market in West Chester Borough! Out of 17 homes that closed, 6 sold for over $1 million - and 3 of those even topped the $2 million mark. This surge pushed the average sale price up to an impressive $950,235, a significant jump from May’s high of $690,156.
Let’s break it down:
6 of the 17 homes sold below asking, with an average discount of $36,482.
10 homes sold over asking, averaging $26,262 above list price.
Two standouts soared $100,000 and $300,000 over asking!
One home sold right at list price.
The market moved fast: the average time on market was just 7 days, and homes spent about 38 days in escrow. The fastest closing? A stunning $2.4 million home that went from list to close in just 10 days.
With momentum continuing into July, the luxury segment shows no signs of slowing. Stay tuned - next month’s numbers could be just as impressive.
