Home sales, prices show mixed picture


Statistics of 2010 home transactions on the Northside show a mixed real estate picture, with sales and median home prices varying widely from neighborhood to neighborhood.     

In all of 2010, 479 homes sold on the Northside, based on recorded arm’s length sales of homes, townhomes and duplexes with a price of at least $10,000.

Homes sold in Brighton Heights made up 25% of the total homes sold in 2010.

Comparatively, in 2010 there were 2,845 homes sold in Pittsburgh. Northside sales made up 16.8% of home sales in Pittsburgh.

The median sales price in Pittsburgh was $91,800, according to Zillow.com. Median home prices per Northside neighborhood varied greatly, ranging from a high of $158,000 in Central Northside to a low of $23,250 in California-Kirkbride.

There were 124 foreclosures on the Northside last year.

So far, there were 61 home sales from January-February 2011 compared to 54 during the same period last year.

“Overall, the market is still strong on the Northside,” said Nancy Noszka, director of real estate for the Northside Leadership Conference.  “Yes there are pockets that vary widely between the communities, but that’s a national trend right now.”

Other notable data points:
-Streets with the highest number of sales include Brighton Road, California Avenue, Federal Street, Perrysville Avenue and Termon Avenue
-Nearly 10% of transactions were from buyers outside of Pittsburgh; approximately 4% of home buyers, either individuals or companies, were from out of state
– 17% of transactions were listed as purchased by a corporation  
-The warmer months of May, June and July saw the most buying activity.  


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