Homes for Sale in Pittsburgh

Homes for Sale in Pittsburgh.  Current available Pittsburgh Real Estate.  South Side Condos, Lofts, Apartments, Single Family Homes and More.  New and upcoming listings:

1.  Hot off the press:  2-bedroom, state-of-the-art condos in Pittsburgh’s South Side.  Close to the South Side Cultural District, the T, Station Square AND Downtown.  Indoor parking.  PRIME location.  Outstanding views of the City.  For more information, email The Dustin Nulf Team at:  buyerpros@gmail.com with “Condos” in the subject field.

2.  Build-able vacant land located at the end of Highland Park on Butler street.  This lot is roughly 22′x100′ and positioned directly across from the future development site of luxury townhomes.  For more information, email you name and number to The Dustin Nulf Team at:  buyerpros@gmail.com with “Lot” in the subject field.

3.  Spacious 3-bedroom, cape-cod located in the Penn Hills area of Pittsburgh.  Unbeatable price.  New flooring, updated kitchen, new boiler, corner lot.  For more information, email you name and number to The Dustin Nulf Team at:  buyerpros@gmail.com with “Penn Hills” in the subject field.

Stay tuned to Homes for Sale in Pittsburgh for weekly updates and news on Pittsburgh happenings!  Brought to you by the Dustin Nulf Team and Keller Williams Realty of Pittsburgh.

Information on the City of Pittsburgh

I was kind-of amazed at the amount of information on Wikipedia regarding the City of Pittsburgh.  Check it out:  http://en.wikipedia.org/wiki/Pittsburgh

Homes for Sale in Pittsburgh

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Pittsburgh is the most liveable city in the United States

Here you have it:  http://www.marketplace.org/topics/news-brief/its-official-pittsburgh-most-liveable-city-us

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Pittsburgh – Best of the World 2012, National Geographic

Well, here you have it.  Pittsburgh was listed by National Geographic as one of the top 20 places to visit in 2012.  Click here for the article:  http://travel.nationalgeographic.com/travel/best-trips-2012#/botw-main-gallery-pittsburgh_41334_600x450.jpg

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Forest Hills, PA – Market Performance 2011

I’ll give you the bad news first:

Although the City of Pittsburgh was up nearly 6.5% over 2010, Pittsburgh’s East Suburbs are still struggling. 2011 was unfortunately the worst year yet for Real Estate sales in Forest Hills since 2007. In 2011, the average sale price for a home in Forest Hills fell to $112404. This is down 17.65% from 2010′s numbers. The highest-priced home to sell in Forest Hills, sold for $249550, which is also the worst performance of the local higher-end market since 2007.

The good news is:

The 2011 numbers were not too far off from the numbers that Forest Hills showed in 2006, 2007, 2008 and 2009. It appears to me that the numbers in 2010 were artificially inflated by the $8000, first-time buyer credit.

So what does all this mean:

Well, this means that I would be safe to predict that Forest Hills has finally hit the bottom of the market and should be seeing a slight rebound in average sale price, likely a gain between 5-6% in 2012.  Hey, it’s not much, but it’ll be nice to see that we’re finally on the up again!

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Pittsburgh’s Market Performance 2011

Well, here you have it, the numbers for the Pittsburgh Real Estate Market Performance in 2011:*

The average home’s sale price in 2011 was $151,809 which is an increase of 6.27% over 2010′s average sale price of $142,841.

The amount of time the average home sat on the market before being sold in Pittsburgh for 2011 was 97 Days-On-Market.  This number is relatively consistent with the number of days-on-market in Pittsburgh for the last five years.  This number has consistently been between 95 and 99 days-on-market which is a performance above the national average.

The only year that Pittsburgh’s Market took a hit since the market crashed was in 2009 when the average home price dropped a whopping 7.92% from 2008 numbers.  The market has since rebounded dramatically and is well on track to out-perform the 7% increase predicted in Money Magazine’s recent “Homes” article.**

*Based on Real Estate sales statistics provided by the West Penn MLS
**See previous post regarding the 2012 Real Estate Forecast

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Pittsburgh Market Forecast for 2012

Money Magazine’s recent article on the Real Estate Forecast for 2012 includes Pittsburgh in the Top-Performers, predicts home prices to be up 7% in the City – http://money.cnn.com/2011/11/11/pf/make_money_2012_housing.moneymag/index.htm

 

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