Real Estate Strength in the Steel City – Pittsburgh PA
Market research points to continued growth in the real estate market in Pittsburgh for 2015 and beyond.
Statistics bare this out. A recent Trulia synopsis of the real estate market shows that average price per square foot for Pittsburgh was $109. That’s an increase of 6.9% compared to the same period last year. The median sales price for homes in Pittsburgh for Aug 15 to Nov 15 was $150,000 based on 1,219 home sales. Compared to the same period one year ago, the median home sales price increased 7.1%, or $10,000. The number of home sales decreased 34.6%. There are currently 2,730 resale and new homes in Pittsburgh on Trulia, including 21 open houses. As well as 1,264 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Pittsburgh was $196,554 for the week ending Nov 11, which represents an increase of 1%, or $1,868, compared to the prior week. Popular neighborhoods in Pittsburgh include Southside Flats and Mount Washington, with average listing prices of $310,750 and $258,797.
The most recent quarterly data, which is for the quarter ending October 15, 2015, show the median sales price for all homes in Pittsburgh to be $153,950.
That figure shows a 2.3 percent price increase since the previous quarter and an impressive 6.2 percent gain year-over-year. Overall, the median sales price for homes in Pittsburgh has gone up nearly 19 percent in a five-year period. http://www.movoto.com/guide/pittsburgh-pa/pittsburgh-real-estate-market-trends/.
According to Movoto.com, Pittsburgh had a strong 2015, ranking eighth among the 10-Best Cities for Home Buyers list. http://www.movoto.com/blog/top-ten/the-10-best-cities-for-home-buyers/.
With the market pointing to a continued climb, now is the time to take advantage. That’s where the Pittsburgh Property Guy comes in. Whether you are a home buyer, seller or an investor, Pittsburgh Property Guy makes it simple. Great deals are out there. Our proven marketing systems bring these deals to you, no matter what it is your looking for, from discounted homes, retail homes, fixer uppers, investment homes, bank owned foreclosures/REO properties, distressed properties, or discount multi-family properties.
There are NO fees, No commissions and we can close quickly.
From an investor’s standpoint, there is no better time than now to get involved. According to Realtytrac, there are currently 1,633 properties in Pittsburgh, PA that are in some stage of foreclosure (default, auction or bank owned). The number of homes listed for sale on RealtyTrac is 994. In October, the number of properties that received a foreclosure filing in Pittsburgh, PA was 71% higher than the previous month. It was 27% higher than the same time last year. That means deep discounts for aggressive investors.
Do You Have Questions? We can help.
Feel free to contact Pittsburgh Property Guy to discuss your specific situation. If you want to sell quickly, without worrying about the condition of your home or high closing costs, we can help! Submit your contact information and property address on www.PittsburghPropertyGuy.com. We will contact you to discuss your situation! We will discuss your options specific to your situation. Once our offer is accepted, we can close quickly. We do not have to wait for a bank to come through with financing.