So how was the real estate market in USC for 2012???
2012 was a wonderful year for real estate in Upper St. Clair. We saw the number of home sales increase from 210 in 2011 to 294 in 2012 a 40% increase. We also saw prices stabilize for 2012. The median sales price was $262,000 which, compared to last year, is flat. It's not great news, but it isn’t bad news either. The average days on market to sell your home was 89 and homes sold for an average of 95.5% of their asking price.
The other good news for USC residents is that if you are looking to sell your home in 2013, the number of homes for sale has gone down by 17.7% compared to 2011. So with sales up and inventory down the market is beginning to shift more and more in the seller's favor.
We are anticipating an earlier than normal spring market due to the weather, interest rates still staying low and, unfortunately, the Steelers not making the playoffs. For more information or if you have questions please feel free to contact us at our South Hills office right next to Trader Joe’s.
Roger
1:50 pm on Friday, January 11, 2013
Thank you for this information. How well do these statistics fit with surrounding areas, such as Mt Lebanon, Peters, North Strabane, Bethel Park, etc.? How well do they fit with the SW PA region?
USC may be unique in the housing markets, and does not speak very well for other markets.
David Bruckner
3:24 pm on Friday, January 11, 2013
Good question Roger. Let me give you some other stats so you can compare. Feel free to contact us if you have questions about your home.
Mt Lebanon
Median Sale Price $204,000
Number of Properites Sold 489 up 10% vs 2011
Average Days on the Market 99
Sale price vs List price 96%
Total Actived Inventory 134 down 32.3% vs 2011
Bethel Park
Median Sale Price $154,000
Number of Properites Sold 365 up 17% vs 2011
Average Days on the Market 89
Sale price vs List price 96.50%
Total Actived Inventory 138 down 1.5% vs 201
Peters Twp
Median Sale Price $333,250
Number of Properites Sold 286 up 10% vs 2011
Average Days on the Market 98
Sale price vs List price 96.80%
Total Actived Inventory 125 down 20.3% vs 2011
South Fayette
Median Sale Price $175,203
Number of Properites Sold 190 up 29.3% vs 2011
Average Days on the Market 97
Sale price vs List price 96.60%
Total Actived Inventory 90 up 49.2% vs 2011
Roger
9:45 am on Saturday, January 12, 2013
David, thanks for this information.
Not being directly involved in the real estate market, my observations are very shallow. But, I am surprised to see lots of common trends here. The days on the market and the sale price vs. listing price are all very similar. It looks like S Fayette has lots of activity, both in terms of sales and new listing. Seeing the upward trend for sales, 2012 over 2011, is encouraging for the housing market.
Nancy Morgan Realtor, Coldwell Banker
2:05 pm on Friday, January 11, 2013
David,
Thanks for the Update! Agree, 2013 is going to be a Fantastic Year.
Nancy Morgan
Karen Marshall
8:29 am on Saturday, January 12, 2013
Upper St. Clair has successfully been a sought after community for numerous reasons. Variety of housing options for all as well as the top notch school systems. Watching it grow from 1960 when I was a resident has been phenomenal.