I can only speak for myself, but, I have heard enough about the sorry state of real estate in the country. Obviously, as real estate professional, I am biased, but what these national reports fail to point out is that real estate is a local animal that tends to travel more in line with the city and neighborhood trends than national or international ones.
More specifically, Pittsburgh has faired extremely well in this economic tumult. Forbes high ranking of Pittsburgh in its least expensive city's to purchase and maintain a home in article and the Post-Gazette's recent article on the area's real estate health, all document what we, as real estate agents, have been trying to convey.
All of this is great news for homeowners, but what about for buyers? The national real estate market and global economic slowdown have created opportunities here for savvy buyers.
One such opportunity is in the South Side-the neighborhood with the greatest appreciation over the last ten years in Pittsburgh. The South Side Lofts has an incredible value on the market. 2250 Mary St. #216 is currently LISTED for nearly $11,000 less than the average SALES price of the last four units sold. It is an absolute steal at $225,000.
Single family home more to your liking? Check out 6640 Fifth Ave. in Pittsburgh's quaint and coveted Point Breeze neighborhood; where similar properties have an average sales price of $378,202 over the last six months. This home is a great buy offered at $275,000.
These two properties are on sale and both ready for immediate occupancy.
Pittsburgh continues to buck the national trends and still offers great opportunities. It is a fine time to be a Pittsburgher.
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