With home prices increasing as nearby businesses continue to grow, Doylestown could be emerging as the region’s next luxury real estate hotspot, writes Ryan Mulligan for the Philadelphia Business Journal.
Doylestown’s charming downtown and convenient access to major roads are among the reasons buyers have been willing to pay a premium to live in the borough.
Sales of residential homes priced at $1 million or more increased 64 percent in the first five-plus months of this year, according to data from Bright MLS.
Of the 31 homes sold in the borough through June 9, eleven sold for more than $1 million, accounting for 36 percent of total sales. During the same period in 2024, only four out of 31 homes sold for over $1 million, representing 13 percent of the market.
Out of the 106 homes available for sale in Doylestown as of June 12, 35 were listed at $1 million or more, including 25 with an asking price of at least $3 million.
“We’ve gone through that lid, that ceiling,” said Eric Green of Keller Williams Real Estate-Doylestown. “People are not afraid. They’re willing to pay for that.”
Read why Doylestown is becoming a luxury real estate hotspot and how prices are shifting in the Philadelphia Business Journal.
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