Despite the gloom in recent months, millennial buyers are avoiding this by snapping up properties in various desirable Greater Philadelphia suburbs, writes Houwzer for the Philly Voice.
In fact the main driving force behind this is mainly due to millennials and baby boomers wanting to leave the city and settle down in more upscale neighborhoods with extra space and different and more varied options for leisure activities.
For example in Ambler, its latest addition of Mattison Estate which started accepting orders for homes this summer, has already seen a queue of interested parties coming forward to get their hands on one of its luxury residences.
Thanks also in part to the well-known Lindenwood Castle which is a part of the estate, buyers are being drawn to the available range of understated luxury homes on offer.
“The ability to preserve the many features of this once elegant estate is one of the reasons we were so attracted to this site,” said Rob Fluent, director of residential development at The Goldenburg Group.
The estate is currently planned to be a community of 72 villas and 32 carriage houses ranging between 2,600 and 3,500 square feet each.
Read more about Mattison Estate at the Philly Voice by clicking here.
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