The Real State of Real Estate: What Pittsburgh Buyers and Sellers Are Actually Doing Right Now

A no-fluff breakdown of shifting demand, pricing strategy, rate volatility, and one property in Treesdale that redefines what a full-scale renovation should look like.

🏡 Real Estate Revelations

April 25, 2025 | Read Online
The Market’s Acting Weird, Rates Are Wobbly, and This House in Treesdale Might Break the Internet

This Week in the 412: Market Jitters, Luxe Listings & Real Talk

Rates are bouncing. Buyers are hesitating. And sellers? They’re either adjusting or getting left behind. I’ll break down what it means, what’s still moving, and why a killer Treesdale property might just steal the week.

If your new here or reading this for the first time 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.

Let’s get into it. ⬇️

🏡 Real Estate Revelations

April 25, 2025 | Read Online
The Market’s Wobbly, Buyers Are Hesitating — And This House in Treesdale Might Just Break the Internet

⏳ This Week in the 412: Market Jitters, Luxe Listings & Real Talk

Rates are bouncing. Buyers are overthinking. Sellers? They're either adapting or sitting stale. This week, I’m breaking down what actually matters — and showing off a listing that deserves a double take.

If you're new here or reading this for the first time, 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.

Let’s get into it. ⬇️

🏘️ Standout Property of the Week:

2012 W Grove Dr, Treesdale

💰 $1,600,000 | 🛏 4 Beds | 🛁 4.5 Baths | 📐 6,386 Sq Ft

Welcome to Treesdale’s boldest comeback story.

This isn't just a remodel — it's a full-blown transformation. From Hardie siding to Calacatta quartz, every inch of this home was rebuilt to impress (and actually live well).

✅ Two-story great room w/ fireplace & panoramic golf + lake views
✅ Designer kitchen with waterfall island, gold hardware, and chef-tier vibes
✅ Spa-level primary suite w/ walk-in rain shower + soaking tub
✅ Lower level gym, game room, wet bar, and full bath
✅ 1,100+ sq ft of stamped concrete + firepit patio + expanded driveway

Picture this: You’re grilling a few steaks, cold drink in hand, sun setting behind the lake, when a weekend warrior slices a ball so bad it lands five feet from your deck. You laugh, heckle, maybe even toss him a beer — depends on your mood.

Just a heads up: trash talk encouraged. Caution — golf balls may come with the view.

📍 See the full listing
📆 Open House: Saturday, April 19 | 12–3 PM

📉 Mortgage & Market Snapshot (April 17–24, 2025)

Loan Type

Rate

Change

30-Yr Fixed

6.87%

🔺 +0.01%

15-Yr Fixed

6.28%

🔺 +0.01%

Jumbo 30-Yr

7.03%

➖ Flat

FHA/VA 30-Yr

~6.36%

🔺 +0.01%

Rates are flirting with 7% again. And it's shaking up buyer confidence — fast.

📊 Pittsburgh Market Activity – Last 7 Days

Metric

Total

📉 Price Drops

484

🆕 New Listings

674

✅ Under Contract

316

📦 Contingent Sales

594

🧾 Homes Sold

606

🔁 Back on Market

108

❌ Expired/Withdrawn

231

Buyers are picky. Sellers are trimming fat. And deals are still closing — if you price it right.

🎉 What’s Happening This Weekend in Pittsburgh?

🗣️ Poetry Unplugged – August Wilson Center (Fri, 7–9 PM)
Spoken word + soul + legacy = all vibes, no skips.

🎭 Some Like It Hot – Benedum Center (Fri, 7:30 PM)
A Broadway banger + live cast talkback after the show.

🕺 Twyla Tharp Dance – Byham Theater (Sat, 7:30 PM)
Sixty years of movement genius, now live in the 412.

🎸 King Hannah – Andy Warhol Museum (Sat, 8 PM)
Gritty, haunting indie rock from Liverpool. Instant cool points.

Pirates vs. Guardians + Fireworks – PNC Park (Fri, 6:30 PM)
Nothing says Pittsburgh like skyline baseball and Zambelli lights.

🪺 Eggstravaganza – National Aviary (Fri–Sat)
Spring vibes, scavenger hunts, and meet-the-bird moments.

🐰 Bunny Fun Cruise – Gateway Clipper (Sat, times vary)
Dancing, snacks, and a boatload of bunny pics.

🌎 Earth Day Rally – Schenley Plaza (Sat, 1–3 PM)
National climate movement hits Oakland. Loud and local.

🗞️ Local Headlines That Actually Matter

🧠 Pitt drops $10M on AI in medicine
Game-changing AI diagnostics? Coming out of Oakland.

🏬 Macy’s leaves Pittsburgh Mills
Another anchor gone. Suburban retail shifts again.

🚧 Construction costs spike on tariff fears
Building this summer? Might want to hit pause.

🏥 West Penn Hospital announces major redevelopment
New buildings. New infrastructure. Big changes in Bloomfield.

🏢 Station Square hits receivership
The future of one of Pittsburgh’s most iconic spots? TBD.

📉 Downtown vacancy hits new highs
Offices empty. Developers pivot. Could go residential.

🧠 Real Estate Tip of the Week

Selling with “character”? Add a home warranty.

Look — if your HVAC hums like it’s composing a jazz solo and your appliances have moods… you need backup.

✅ I recommend AHS ShieldComplete — top-tier, covers your a$$ and the buyer’s nerves
✅ It kicks in during listing and transfers at close
✅ Covers HVAC, appliances, electrical, and plumbing
✅ ~$800 = potential deal-saver

Less risk. More confidence. Fewer surprises.

🍴 Bonus Bite: The Speckled Egg (Downtown PGH)

Whether you’re closing deals or recovering from one too many “open houses” (aka cocktails), this all-day brunch spot hits. Think upscale diner food that doesn’t try too hard.

🥓 Try the: Chorizo Hash, Breakfast Sammie, or that ridiculously good homemade Pop-Tart.
☕ Add the coffee — or spike it. No judgment.

📍 Located in the Union Trust Building
🔗 https://www.eatthespeckledegg.com

It's the kind of spot where you’ll run into someone you know, someone you don’t, and probably someone you sold a house to.

📝 Recent Blog Posts You May Have Missed

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Want to boost your financial profile for a mortgage? These smart strategies can help. Check it out →

🏡 Real Estate Revelations: Fresh Market Trends & Weekend Highlights
Get the latest insights on Pittsburgh’s housing market and what’s happening around town. Catch up here →

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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