Pittsburgh-area home sales continue to grow, report shows
Home sales in the Pittsburgh region continued to improve in December, spurred by a stronger economy.
Sales of new and existing homes jumped 25.6 percent in Allegheny County compared to a year earlier, and totals for the region increased 18.7 percent, according to a report issued on Wednesday.
There were 1,493 sales last month compared to 1,189 last year in Allegheny County, while the total for the five-county region was 2,406 compared to 2,027, said RealStats, a South Side-based real estate information company.
“One force that may have driven the Allegheny County increase was the doubling of cost to record a deed from $78 to $150, effective Jan. 1, 2013,” said Daniel Murrer, RealStats vice president.
The Allegheny County Department of Real Estate had been interested in establishing a flat fee for recordings, instead of a tiered system that started with a basic $78.50 fee and added charges for additional pages and names, said Manager Valerie McDonald Roberts. The county administration recommended the fee change, which was adopted last year by County Council.
Recording fees in Beaver and Butler counties are $55, Washington County, $63.50, and Westmoreland County, $62.
“The fall (housing) market was very good and buyers decided to close on their purchase before any tax change occurs in 2013,” said Jim Dolanch, associate broker of Century 21 Frontier Realty in McMurray.
“Buyer confidence in the economy helped make November a strong sales month and December a strong month as buyers wanted to close on their homes before the end of the year,” said Anthony Cimino, broker/owner of Re/Max Heritage Realty in Murrysville.
The region's average home price increased 12.9 percent in December to $167,002 from $147,918, RealStats said. The median price rose 6.5 percent to $129,950 from $122,000, where half the houses sold for more and half for less,
Sales of new houses had a 64 percent increase inDecember with 266 houses sold compared to 162 a year ago.
NVR Inc., parent company of Ryan Homes, continued as the leader with 78 sales followed by Heartland Homes Inc., now also part of NVR, with 48. Maronda Homes Inc. recorded 36 sales. In December 2011, NVR had 59 sales, Heartland 22 and Maronda 19.
Allegheny County had 144 new home sales followed by Butler with 40. Washington County had 38, Westmoreland 23 and Beaver 21.
Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Stocks snap 4-day rally on Yellen speech, Russia-Ukraine developments
- Google Maps opens business doors to online views for shoppers
- Utility regulator seeks $639,000 in penalties from electric supplier
- Indian firm plans exports of ethane from U.S. shale fields
- Gas production from Marcellus shale sets record despite fewer new wells going online
- Many in Pennsylvania can still get benefit of Affordable Care Act
- In 10 years as public company, Google has reshaped IPO landscape, more
- United tries to woo fliers with upgraded food options
- 5 apps that make you say ‘wow’
- Honda recalls Fits to improve their crash resistance
- Few homeowners expected to benefit from Bank of America’s $16.65B settlement