Hunter, Reed and Company, Inc. -
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Published on: 10/1/2004
Last Visited: 4/7/2007
" Steven and Rori Minissale are selling this 1750's stone manor, named the ‘James Moore House', after its original owner and the founder of Glenmoore, Chester County , PA (once called ‘ Moorestown ').
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The Minissales have hired Steve DiFrancesco of Hunter, Reed and Company, Inc of Haverford , PA to find a buyer for the estate.
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"The market at $1 million and above is still very active throughout the Philadelphia Region, particularly in the western suburbs, but we're beginning to see the first signs of weakening demand" said Steve DiFrancesco, president of Hunter, Reed and Company Inc, a firm which markets luxury homes and estates and has offices in Philadelphia and Nantucket, Mass.
" Inventory in the $1 million to $4 million range, and especially resales which are being brought to the market now, are being priced so aggressively that properties are sitting unsold for longer periods of time", DiFrancesco said.In addition, "we're beginning to see some modest price reductions in high end new construction", DiFrancesco noted.
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Each could be developed, or placed under a conservation easement for tax advantages, says listing broker Steve DiFrancesco of Hunter Reed & Company, which specializes in selling luxury homes ... "
'A Manor of Time'
"A 1740 manor house on 63 acres in bucolic Chester County, PA is on the market for $7.8 million.The property has 18 rooms, including six bedrooms, six baths, a library, game room, and a catering kitchen.Properties in the area have increased in value an average of 10-15% a year over the past five years, says Steve DiFrancesco, president of Hunter, Reed and Company in Haverford, PA."
A Philadelphia Story
"The Fairmount Park estate in Philadelphia is one of the only privately-owned historic mansions in the 8700-acre Park, and is known locally as 'Divertimento', named after the piece written by its former owner, the late classical composer Vincent Persichetti, according to broker Steve DiFrancesco of Hunter, Reed and Company in Unionville, PA, which specializes in marketing million dollar homes and estates.