Bold Design, BBQ Nights & Buyer Hesitations

🏡 Real Estate Revelations
June 27, 2025 Edition | Read Online

The rain cooled things down—but the market’s still simmering. New listings slipped again, pending sales softened, and price reductions are stacking up. Mortgage rates? Still hovering stubbornly around 7%, keeping both buyers and sellers cautious. Translation? The edge belongs to those who act while others hesitate.

If you're new here, I’m Pittsburgh’s Go-To Realtor, Expert in Luxury Homes & Strategic Real Estate Solutions, and someone who’s proud to combine small-town roots with big-city results. Over the years, I’ve sold millions of dollars worth of real estate, met some incredible people, and had the privilege of helping them buy and sell some truly amazing properties.

Inside: a swoon-worthy home in Squirrel Hill with bold style and unmatched design, this week’s key market stats, expert commentary from my go-to lender, and a stacked events lineup featuring tacos, tributes, and T-Swirl Crêpes.

Let’s dive in. ⬇️

🏡 Standout Property of the Week
86 Standish Blvd | $1,050,000 | 4 Bed / 2.5 Bath
View Listing →
📍 Mt. Lebanon

This one stopped me mid-scroll.

Every week I’m looking for the homes that stand out — the ones that feel different. And this one? It has that "it" factor. The bold tones. The natural light. The mix of cozy warmth and open flow. It just works.

Originally a single-story ranch, this home was reimagined into a two-story showstopper by a professional design team — and it shows in every corner.

✨ What Makes It Special

• Two-story entry that makes a statement

• Warm wood floors and exposed beams

• A stone fireplace so good it should be framed

• Wet bar with leathered granite and antique mirror

• Seamless main level flow — perfect for entertaining

• Dedicated home office + built-in cabinetry

• Luxe primary suite with vaulted ceiling and spa bath

• Flat backyard with a patio, pergola, and sunset views

• All major systems updated: roof, HVAC, plumbing, Marvin windows

📆 Open House
Saturday, June 28 | 11am–1pm

🏘️ Local Market Snapshot – Week-over-Week (7-Day Window)

💵 Sold Homes This Week (512 Total)

• Avg List Price: $328,741

• Avg Sold Price: $326,290

• SP/LP Ratio: 99.25%

• Median DOM: 22 days

📉 Takeaway:
New listings and buyer activity are tapering off while price reductions continue creeping up. Still, pricing power remains strong for sellers who come to market realistically. This isn't a “wait for the wave” market — it's a “price right or get left” one.

🏦 Mortgage Rate Check-In – June 27, 2025

💡 Summary:
Rates ticked up slightly this week. We're still hovering near the 7% mark, which continues to influence both buyer behavior and inventory levels.

🔍 Lender Insight — Kevin O’Laughlin, Mortgage Advisor

🎉 Happening This Weekend in the 'Burgh
Looking to fill your calendar between showings, open houses, or iced lattes? Here's what's going down in Pittsburgh June 27–29:

🎶 R&B After Dark
📍 City Winery | 🗓 June 24
RnB After Dark is bringing its sold-out vibes on tour — and it’s stopping in Pittsburgh. Expect powerhouse vocals, smooth grooves, and a headline performance by Suzanne Sheer (Philly favorite). Every City Winery show has sold out. Don’t sleep on this one.

🌍 WorldSquare 2025
📍 Benedum Center | 🗓 June 27–29
Free Admission to one of Pittsburgh’s most vibrant festivals. WorldSquare celebrates the city’s international communities with global food, makers, artists, and cultural performances right in the heart of the Cultural District.

🔥 Pittsburgh BBQ & Band Fest
📍 Monroeville Convention Center | 🗓 June 27–29
Four award-winning BBQ joints. Iconic tribute bands. A full weekend of smoky, saucy bliss. Featuring top-tier acts including tributes to Earth, Wind & Fire, The Jacksons, Bon Jovi + Journey (“Bon Journey”), and more.

🌮 Tacos & Tequila Festival
📍 EQT Park | 🗓 June 28
Get your taco crawl on with chef-inspired street eats, throwback live music, and a steady stream of margaritas and tequila. Grab your crew and pace yourself — this is a vibe-heavy festival.

🌈 Pride in the Park 2025
📍 Dormont Park | 🗓 June 29
Celebrate community, love, and color with local artisan vendors, food trucks, drinks, and live performances. Family-friendly and full of joy.

🛍️ Pittsburgh Pickers Vintage Market
📍 The Highline | 🗓 June 29
Vintage lovers, this one’s for you. Shop hand-picked retro goods, enjoy drinks and bites from Burgher’s Brewing, listen to live music, and soak in the summer vibes with riverfront views.

🍓 Bonus Bite: T-Swirl Crêpe Has Landed in East Liberty

If you haven’t tried a crêpe wrapped like a sushi cone, now’s your chance. T-Swirl just opened their first Pittsburgh location, and it’s already turning heads with rice flour crêpes that are crispy on the outside, tender inside, and stuffed to perfection. Sweet? Try the Matcha Azuki Bean. Savory? The Smoked Salmon Avocado is elite.

📍 T-Swirl Crêpe – 6018 Penn Ave, East Liberty
Your summer cheat day just found a new HQ.

📌 TL;DR – This Week in Pittsburgh Real Estate

For when you're scrolling at red lights (not that you’d admit it)

🏡 Standout Property: A showstopper in Squirrel Hill blends bold color, warmth, and intentional design—plus an entertainer’s dream bar setup. Don’t miss this one.

📉 Market Snapshot: New listings are down 9.5%, pending sales dipped, and price drops rose again. Still a balanced market—but buyers are picky and watching rates closely.

💸 Rates Hold Steady: No major movement this week. Mortgage rates still hovering near 7%. Buyers can still find opportunity—especially with fewer competing offers right now.

🎤 Lender’s Take: “You’re buying today at a $50K discount compared to what prices will be once rates drop and buyers flood back in. Get in now and refinance later.”

🎉 What to Do This Weekend: From BBQ & Band Fest to WorldSquare and Pride in the Park, there’s no shortage of food, music, and good vibes around the 'Burgh.

🍨 Bonus Bite: Try a Japanese-inspired crepe from T-Swirl in East Liberty—sweet, savory, and Instagram-worthy.

Thinking About Buying or Selling?

Let’s chat about how to navigate Pittsburgh’s real estate market. Whether you’re looking to buy, sell, or invest, I’m here to help. Hit reply, or schedule a consultation here: 15 Min Consultation

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Thanks for letting me be a part of your inbox this week! I hope you found these insights helpful, whether you're a curious Pittsburgher, a buyer, a seller, or an investor. As always, I’m here to answer any real estate questions or just chat about the market.

Wishing you a wonderful week ahead,
Tim

Tim Pettigrew
Realtor | eXp Realty
📍 Serving Pittsburgh and Surrounding Areas
📞 412-545-6006 | ✉️ [email protected]
🌐 Visit My Website

Disclaimer:
This email is intended for informational purposes only and is not intended to be a solicitation if your property is currently listed with another broker. All real estate information is deemed reliable but not guaranteed. Please consult a professional for specific advice.

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