Judee Hashem-Rapoza, a Plymouth Meeting dentist, and her husband, Anthony, decided it was time to put their 8,600-square-foot Eagleview home on the market for $1.95 million in the hopes of taking advantage of the luxury housing market as it catches up with the middle market’s success, writes Michaelle Bond for The Philadelphia Inquirer.
The property sits on seven acres and includes a long, private driveway and 4,000-square-foot barn.
“Since the market is so active, it just seemed to be the perfect time to put the house on the market,” said Hashem-Rapoza. “We don’t expect the activity that the range of, let’s say under a million or a million dollars would get.”
This is true at least for the Philadelphia region, where luxury home sales – with a median price of $830,000 – fell from last year in the third quarter by 8.2 percent. But despite staying on the market longer than middle-market homes, luxury houses are still selling.
“All in all, I feel like the market is very strong,” said Realtor Helen Kowalchik of the Kowalchik Team.
Read more about the luxury housing market at The Philadelphia Inquirer by clicking here.
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