Real Estate

John Bazemore / AP

  

Western Pennsylvania home sales were up in the first seven months of 2016.

A new report from West Penn Multi-List indicates that sales were up 2.2 percent between January and July. Though it’s an overall positive sign, there’s also a downside said Ron Croushore, President of West Penn Multi-List and owner and CEO of Berkshire Hathaway Home Services.

“The negative there is there is not enough inventory,” Croushore said. “We need more homes for people to look at.”

Diana Parkhouse / Flickr

Southwestern Pennsylvania saw more real estate listings in sales at the opening of 2016 than it did the year prior.

According to a report by real estate agency West Penn Multi-List, 191 more homes were put up for sale in January 2016 (2,511) than in January 2015. It also saw 71 more homes sold this January (1,432) than a year earlier (1,361).

The report includes statistics from Allegheny, Armstrong, Beaver, Butler, Cambria, Clarion, Crawford, Fayette, Greene, Indiana, Jefferson, Lawrence, Mercer, Somerset, Venango, Washington and Westmoreland counties.

Dan Moyle / Flickr

  Southwestern Pennsylvania experienced a summer surge in home listings this year, according to a report by West Penn Multi-List, Inc.

Irina Zhorov / 90.5 WESA

Hormann Flexon makes high-speed roll-up doors for commercial buildings. The company, located west of Pittsburgh, has doubled in size over the past three years and recently moved into a new building. Company President, Mark Haley, attributed the growth to shrinking lead times; Hormann Flexon delivers a custom door in two to three weeks, significantly faster than their competitors, he said.

  The housing market made up for the rocky start for the Western Pennsylvania region in 2014, according to a year-end report.

West-Penn Multi-List, Inc. says the 13-county area’s home sale prices from January-December 2014 increased by 3 percent ($5,093) from the same period in 2013. New listings also increased by 1.5 percent (570 listings) this past year.

After a particularly rough winter, the real estate market in southwestern Pennsylvania began to heat up this summer, and according to a September report from the West Penn Multi-List, Inc., the numbers are continuing to strengthen.

The number of new home listings in September (3,327) increased 8.83 percent in comparison to the number from September 2013. Residential homes placed under agreement and average home sale price also increased, a sign that houses are moving and the market is healthy.

Pittsburgh: A Top Real Estate Buyer’s Market

Sep 30, 2014
erjkprunczyk / Flickr

According to the Real Estate Firm Zillow, Pittsburgh is one of the nation’s top 10 buyer’s markets. This week contributor Rebecca Harris looks at the business of residential real estate.

Councilwoman Wants Inquiry Into Real Estate Deals

Aug 7, 2014

Councilwoman Natalia Rudiak is asking Mayor Bill Peduto to look into the sale of an apartment complex. She said how the sale happened could lead to a loss of tax revenue to the city.  

The Cork Factory Lofts in the Strip District were recently sold to GMH Capital Partners for an undisclosed sum. But instead of buying the converted lofts outright, GMH purchased the two companies that previously owned the converted lofts and associated properties. The sale included three buildings.

The number of homes for sale in the 13-county southwestern Pennsylvania region is not keeping pace with the number of people looking to buy homes.

That’s according to a January 2014 report from real estate group West Penn Multi List Inc., which showed new listings in 12 of the 13 counties it covers decreased in the first month of the year.

President George Hacket said overall, the housing market in the region is strong.

Flickr user mknobil

The housing market in southwestern Pennsylvania continues to strengthen, according to numbers released by West Penn Multi-List.

In October, the number of residential homes placed under agreement increased 15.07 percent; new listings increased 8.69 percent, and average days on the market decreased 4.82 percent over the previous month.

Flickr user Casey Konstantín

It’s an often-repeated fact that Pittsburgh homes are cheaper to buy than those in the rest of the country, but a new study shows that does not hold true for new construction.

Every other year, the U.S Census Bureau and the U.S. Department of Housing and Urban Development (HUD) conduct a national survey measuring home prices, conditions, maintenance costs, and other relevant data. The survey also takes an in-depth look at 25 to 30 individual metro-areas on an ever-changing basis.