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: firstname.lastname@example.org 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: email@example.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: firstname.lastname@example.org with “Penn Hills” in the subject field.
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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
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!