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8/24/2009 1:34 PM

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A Pittsburgh real estate information agency that follows home sales and foreclosure activities in five Western Pennsylvania counties said Monday Washington County was the only one that saw its average price for a house in July jump from a year ago.

RealStats said in a press release that sales volume in the Pittsburgh region for July was off by 10.1 percent compared to July 2008. The agency noted that the most recent performance was better than June, which was off by 15.2 percent, and May, when was down by 24.6 percent from the previous year’s report.

The agency said July saw nearly $415 million in sales volume in Allegheny, Beaver, Butler, Washington and Westmoreland counties compared to $461.4 million in July 2008.

According to RealStats, four of the five counties saw dollar volume drops while Washington County ticked upward by $5.7 million.

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A total of 2,622 homes changed hands in the five counties, 190 less than in July 2008. The July drop in number of homes sold was 6.8 percent, about half the 13.4 percent drop seen in June 2009 compared to June 2008, a a third of the 21.2 percent decline seen in May.

Washington County was also the lone county to see average price jump compared to a year ago, recording an average of $175,928 in July against $159,354 in July 2008. Overall, the region’s average home price dropped 3.5 percent from $164,069 last year to $158,271 last month.

The five-county median home price remained virtually unchanged at $129,950. The median home price in July 2008 was $130,000.

Three of the five counties saw median price drops – Beaver down 9.7 percent; Butler, 7.6 percent; and Westmoreland down 2.0 percent. Allegheny County’s median price bumped up 1.5 percent from 128,000 to $129,900 while Washington County’s median price rose 18.1 percent to $152,000.

The region saw 258 homes go into foreclosure in July, nine fewer than the 267 reported a year ago. Beaver and Westmoreland accounted for a combined 54 fewer foreclosures, enough to offset increases of 29 Allegheny County and eight each in Butler and Washington.


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