Tag Archives: reo

Investment and Income Properties in and around Pittsburgh – Harrison Twp

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Investment and Income Properties in and around Pittsburgh, PA (Natrona Heights, Harrison Township) – 2209 Freeport Road:  This is a 12-unit Residential Apartment Complex located at 2209 Freeport Road, Harrison Township, PA, 15065.  It is 100% occupied, well-maintained and a solid cash-flowing Pittsburgh Investment Property.  With 25% down, you will see an annual Cash-on-Cash Return of OVER 60%!!!  Turn $75,000 in to $500,000 in 15 years or less.  Call me for more information on this property.

Keller Williams Realty
The Dustin Nulf Team
412-788-0888, x312

 

Pittsburgh’s Real Estate Market Performance as of the Halfway Mark of 2012

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Pittsburgh’s Real Estate Market Performance as of the Halfway Mark of 2012-
Things are looking well for Residential Real Estate Sales in the City of Pittsburgh this year. Pittsburgh continues to outperform the nation’s averages with year-over-year numbers looking much like a repeat of 2011.

The average sale price of a single-family home in the City of Pittsburgh is up $10,009 or 6.67% compared to last year’s average sale price at this same time. The average Days on Market for Pittsburgh has decreased by 2 days over last year to exactly 100 days on market for the average home to sell. It is taking only a little over 3 months to sell a properly marketed home in Pittsburgh which is a phenomenal number. Pittsburgh is also on track to sell 1% more homes in 2012 than in 2011.

The Commercial and Investment Market in Pittsburgh however is a different ball game.

The average sale price of a multi-family investment or income property in the City of Pittsburgh has dropped by near 2%. However the number of income properties sold in 2012 is on track to be about 1% more than the number sold in 2011.

The average sale price of Commercial property in Allegheny County has dropped by $47,962 or 17.4%.* This seems to be the typical situation in most of the United States’ Commercial Real Estate Market however. COSTAR (one of the nation’s leading Commercial Real Estate sites) has reported that the average ask-price for Commercial Real Estate in America is up slightly over last year.

What can we get out of all of this?

IT’S A GREAT TIME TO BUY RESIDENTIAL INVESTMENT PROPERTIES IN PITTSBURGH!!! The value has never been better. The inventory is out there. And due to the fact that lenders are still being tough about loaning money to first-time home buyers, the rental market is only going to KEEP GROWING.

AND, if you’re looking to invest in Pittsburgh’s Commercial Real Estate Market, now may be better than later. With Pittsburgh’s Job Market looking stronger than the average, commercial real estate may rebound in Pittsburgh quicker than one may think!

*Commercial Real Estate numbers from the West-Penn Multilist
Brought to you by The Dustin Nulf Team and Keller Williams Realty Pittsburgh

Home for Sale in Fox Chapel, PA

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Home for Sale in Fox Chapel, PA:

This sprawling, Fox Chapel Ranch features an open floor-plan and has more space than one may think by viewing the exterior alone. Potentially 3-bedrooms and 2 full bathrooms on the Main Floor as well as 2-bedrooms and 2 full bathrooms on the Lower Level. This home is located in the prestigious Fox Chapel School District. Enjoy the outdoors on nearly 1 acre of land complete with an outdoor fireplace and when it’s cold outside, enjoy the comfort of extreme energy-efficiency.  For a FREE hand-crafted search for homes in the Pittsburgh Area that fit your needs, give us a call.  No obligation is required.  The Dustin Nulf Team:  412-788-0888 x312

Watch the YouTube virtual tour of this Fox Chapel Home.

Brought to you by Keller Williams Realty Pittsburgh and The Dustin Nulf Team
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Condos for Sale in Shadyside, Pittsburgh

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For more information on this property or for a FREE list of condos available in your desired locations, give the Dustin Nulf Team a call at 412-788-0888 x312 or click the “Buyer” link and follow the instructions.  No obligation is required.

Tour this Shady Side Condo on YouTube.

Brought to you by Keller Williams Realty Pittsburgh and The Dustin Nulf Team.
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Homes for Sale in Pittsburgh

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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

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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

www.dustinnulf.com

 

Pittsburgh’s Market Performance 2011

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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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