Looking for buyers on the Main Line – The fever for big houses built on spec cools off

For at least five years, the practice of tearing down existing, older homes in neighborhoods along the Main Line and putting up new speculative mansions was common – until now. The market for tear-downs and homes built on spec, without buyers lined up, has come to a halt, a casualty of the housing downturn. Most developers with existing properties on the market are adjusting their prices downward.

Tagged: Main Line, mcmansion, new construction

Posted in: Buying Real Estate, Chester County, Delaware County, Lower Merion, Main Line, Montgomery County, Radnor, Real Estate, Selling Real Estate, Tredyffrin Easttown