Thursday, December 01, 2005

If the news I heard today is true, a record has been set for the sold price of a home in Central Northside. I'll report more as soon as I can confirm these details.

These last few days I have spent some time analyzing data for some other Northside neighborhoods so far this year. These numbers would seem to be easy to come by, but that's not always the case. Many homes are put in the multi-list under the wrong neighborhoods, either for marketing purposes or by mistake. I recently toured a home in Squirrel Hill that I pulled up on a Northside search. Anyway, here are my estimates on how these neighborhoods are doing.

These numbers include Jan 1 to mid-November. They do not count the sale of multi-unit or commercial buildings. Accuracy is not guaranteed.

Spring Hill Spring Hill is pretty definable, only some of the hillsides are actually in East Allegheny.

Total Sold 27
Average Price $44,291
Median Price $45,500
Highest Price: $124,900
Lowest Price: $1,000

TROY HILL

Total Sold 27
Average Price $36,565
Median Price $30,000
Highest Price $80,000
Lowest price $10,500

EAST ALLEGHENY There are a number of complications with East Allegheny. Increasingly it's divided, psychologically at least, into East Deutschtown and West Deutschtown. More, commonly East Allegheny homes are incorrectly listed in Central Northside.

Total Sold 22
Average Price $48,656
Median Price $45,000
Highest Price $210,000
Lowest price $4,000

CENTRAL NORTHSIDE Some homes listed in Central Northside are actually located in adjacent neighborhoods.

Total Sold 45
Average Price $115,585
Median Price $126,000
Highest Price $301,000
Lowest Price $2,000

I thought I would compare these neighborhoods to another neighborhood that seemed to have a lot of buzz this year, Lawrenceville. Some eighty homes sold in Lawrenceville so far this year. The most expensive was $275,000 for a Butler Street loft/condo. The least a single-family foreclosure on Woolsayer way. The average was $73,766.66, more than East Allegheny, Troy Hill or Spring Hill. The median is $65,500. I should note that Lawrenceville is one of the city's largest neighborhoods.

A few other quick numbers.

About 43 homes were sold in Bloomfield so far this year. The highest price was $149,500, the lowest $15,500.

About 144 homes were sold on Southside this year, the highest $375,000 (A South Shore Court condo), the lowest $3,500.

About 31 units were sold in Downtown Pittsburgh so far this year. Downtown includes the Strip District. The highest was a Strip District loft for $635,000. The lowest a studio condo in Washington Place for $35,000.

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