The 3 G’s of Pittsburgh This Weekend

🏡 Real Estate Revelations
Aug. 01, 2025 Edition | Read Online

It’s the first of the month and the market just dropped a little drama to go with your paycheck.

Sales surged 34 percent last week, not because the market's hot but because it was the end of July and everyone sprinted to close deals like it was the Real Estate Olympics. Price cuts are up, buyers are still picky, and Zillow isn’t the truth no matter how convincing that Zestimate looks.

Here’s what we’ve got this week:

• A standout home in Point Breeze with archways, elegance, and actual garage space
• Market insight that explains why your listing is just sitting there
• A reality check for sellers still living in 2021
• Goats in the South Side. Yes, goats
• And a taco joint that deserves your group chat’s full attention

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.

Scroll on. Let’s get into it.

🌟 Standout Property: 6727 Wilkins Ave, Pittsburgh, PA 15217

Listed at $695,000 | 4 beds • 2.5 baths • ~4,000 sq ft

This one pops. You know I love a home with character—and 6727 Wilkins Ave delivers. That stone exterior? Timeless. The archways and hardwoods? Chef’s kiss. It’s giving elegance without ego, style without stuffiness.

Tucked into Point Breeze, this place feels private and peaceful, but blink twice and you’re deep in the heart of Squirrel Hill. Coffee, bagels, parks, bookstores—it’s all right there. You're near all the East End action (Shadyside, Bakery Square, East Liberty) without the bustle right outside your door.

Why it stands out:

• Architectural soul: stone façade, original woodwork, and charming arched windows

• Sleek updates: modern kitchen with granite counters and stainless appliances

• Space to spread out: multiple levels, a third-floor suite, and a loungey bonus space

• Outdoor vibes: terraced backyard and patio perfect for those low-key hangouts

• Parking: two-car garage—rare and real

This home is equal parts distinguished and livable. The kind of place you walk into and think, yeah, this is it.

🔗 View the full listing

📊 Market Snapshot – August 1, 2025

Inventory remains active and price sensitivity is still very real. Sellers need to get strategic, not sentimental.

🔍 7-Day Market Activity (Residential)

Here’s a side-by-side comparison of the 7-day market activity from last week (July 25) to this week (August 1):

🧠 Takeaway:

• Listings and sales surged week over week — sold homes jumped 34%.

• Price reductions also spiked, which tells us sellers are reacting to market pushback.

• Withdrawals and expirations ticked down slightly, possibly due to improved showing activity.

Graph 👇 for better visualization

Here’s what we saw this week vs. last:

💡Context:
The last week of any month usually brings a wave of closings as buyers and agents push to hit financial, contractual, or personal deadlines. July was no exception — sales surged by over 200 compared to the prior week. This spike doesn’t necessarily mean demand is rising broadly, but it’s a solid reminder that timing matters when interpreting data week-to-week.

🧮 Sold Property Stats

• 💰 Median Sale Price: $256,500 (↓ from $262,500 last week)

• 💸 Average Sale Price: $317,270

• ⏳ Average Days on Market: 41

• 🔥 SP/LP Ratio: 98.10%

• ⚡ Median DOM: 21

➡️ Takeaway: Median prices softened slightly and DOM shortened, showing buyers are still writing offers — but only for homes that come correct out the gate. Price reductions remain high, so it’s a beauty contest and a pricing war out there.

💸 Mortgage Rate Check (as of Aug. 1):

• 30-Year Fixed: 6.63%

• 15-Year Fixed: 5.95%

• Jumbo: 6.75%

• FHA: 6.22%

• VA: 6.24%

• 7/6 ARM (SOFR): 6.12%

📉 All rates trended slightly down this week. It’s not a dramatic shift, but still a small win for buyers watching the margins.

👊 Real Talk: Sales Are Up… but So Are BS Expectations

Yes, the market saw a nice end-of-month surge in sales — but let’s not get carried away. This wasn’t some magical demand spike. It was calendar math and deadline-driven deals.

Sellers:
Don’t look at those 853 homes sold and think you can crank your price up $15k because “the market’s hot again.” It’s not. It’s just efficient, and only for homes that check the boxes. You know what doesn’t check the boxes? Overpricing, bad lighting, and “cozy” basement bedrooms that scream horror movie.

Buyers:
You’ve still got leverage. If a seller is dreaming, give them a reality check — politely, through your offer.

Everyone else:
Just because Zillow says it’s worth $X doesn’t mean the market agrees. The people writing checks have opinions too.

🎉 Happening This Weekend in Pittsburgh – Aug 1–3

🏡 Friendship Neighborhood Yard Sale
📍 Friendship | 🗓️ Saturday, Aug 3 | 8 AM – 2 PM
This East End tradition is back with over 50+ homes participating across the beautiful streets of Friendship. Expect a hyper-local mix of vintage furniture, handmade goods, secondhand treasures, lemonade stands, and more. Grab a map at Friendship Perk & Brew, Octopus Garden, or Baum Grove—or print one here. (Rain date: Aug 4)

🎶 Allegheny County Summer Concert Series: The Jaggerz
📍 South Park Amphitheater | 🗓️ Aug 2, 7:30 PM
A Pittsburgh classic! The Jaggerz bring their iconic sound to South Park for a free concert under the stars. Come early—food trucks, Hop Farm Brewing, and Black Dog Winery are serving up the goods starting at 6 PM.
Event details

🖼️ Wood Street Galleries Art Crawl: CUBE
📍 Wood Street Galleries | 🗓️ Aug 2, Evening
Experimental meets industrial in this multi-sensory art crawl featuring tape music, noise, post-punk, and visual installations by Adam Keith.
Event page

🎨 Art Mart
📍 Cultural District | 🗓️ Aug 2
A one-day pop-up art market featuring Pittsburgh, NYC, and Cleveland creatives—offering prints, comics, ceramics, and more. Come hungry: vegan Korean food and zines included.
Details here

🐐 Goat Fest PGH 2025
📍 South Side Park | 🗓️ Aug 3
Come for the goats, stay for the green restoration. This community event celebrates ecological renewal, featuring invasive-plant-eating goats, local vendors, and good vibes.
See more

🥂 Babes & Bubbles
📍 The Terminal, Strip District | 🗓️ Aug 4
Celebrate women-owned businesses with live music, brunch bites, boutique shopping, and bubbly. A Sunday well spent.
Full scoop

🍽️ Bonus Bite: Duo’s Taqueria (East Liberty)

Say hello to Duo’s Taqueria, Pittsburgh’s latest temple to taco perfection, nestled right in East Liberty.

This isn't your average taco spot. We’re talking handmade tortillas crafted with nixtamalized corn, thoughtful agave-based cocktails, and a menu built by a Michelin trained chef. It’s low key, high flavor, and already making waves among local foodies.

💡 Pro tip: Start with the Paloma and let the flavors do the heavy lifting.

This is the kind of spot where your taste buds say thank you and your group chat gets a new dinner recommendation.

🧠 TL;DR – What You Really Need to Know

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

• 🏠 Standout Property: 6727 Wilkins Ave — a Point Breeze charmer with stone-clad curb appeal, warm archways, and East End convenience. It’s giving elegance without ego.

• 📈 Market Snapshot: Sales spiked 34% from last week thanks to month-end closings, but high price drops show buyers are still picky. Median prices dipped slightly, while DOM improved.

• 💬 Real Talk: The market isn’t back—it’s just behaving. Don’t mistake a deadline-driven surge for a pricing free-for-all.

• 🎉 This Weekend: 50+ homes join the Friendship Neighborhood Yard Sale + goats, gallery raves, and The Jaggerz live in South Park.

• 🌮 Bonus Bite: Duo’s Taqueria is bringing Michelin-level tacos and cocktails to East Liberty. You’re welcome.

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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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