Institute for Luxury Home Marketing National Luxury Snapshot Â
ILHM Luxury Market Profile
ILHM National Luxury Composite Price $ 1,152,003
Total InventoryÂ Â Â 26,270
Â Asking Price per Square Foot $ 306
Percent of Properties with Price Decrease 32 %
Percent Flip (price increased) 3 %
The National Lux Home Temp? Cold! Buyer's MarketÂ
Pittsburgh Pa.Â 5 County Luxury Market Profile â€“ 1st 2 Qrtrs 2012
New Listings 1st 2 Qrtrs Â $1,000,000 and up = 168Â (2011 = 118) + 50!
Luxury Homes Sold Â $1st 2 Qrtrs 1,000,000 and up = 490 (2011 = 487)
What does all this mean? Good Question!
Strong Sales with inventory increase means condition matters.
Good enoughâ€¦.candidly is not. The market is moving, but its not exactly hot.
Staging? YAWN! Expected. A "good buy"
How do you create an indisputable value propostion for your potential buyer?
How much will todays mortgage rates save you on the next purchase?
Short selling? You only have till Dec 31, 2012 until the IRS waiver waves bye!
Questions to : Mike@TMNT1.com