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August 2018

The Spring is Behind Us, but...

While our spring market is officially over, our real estate market remains hot in many price ranges.  Not much has changes since last winter -- our inventory is still insanely low! Prices have been on a continued upswing and we continue to see multiple offer situations on many homes. How long will it last?  Some speculate that with rising interest rates, our market will cool down soon.  But rates have already jumped twice this year with no affect on our market yet! With the extreme lack of inventory, if a move is in your future, this is certainly an ideal time to get together and discuss the possibilities!
Enjoy the summer!  It's always over too fast!

Offer in Hand? Better move quick! 



Momentum is important in life.   We learn this lesson early on. As a child, you learn that the likelihood of a getting that candy bar in the grocery store is at its peak the moment after you ask.  You are willing to give more to get in those initial moments - you might have offered to clean your room if you could just have that candy bar. The parent also knows that she can get more initially in exchange for that candy bar - your interest will wane if she doesn't take advantage of your interest at that moment.  That lesson continues throughout life....

WHy so many inspectors?

Why do buyers bring in so many inspectors these days?

You are correct in noting that buyers often bring in multiple layers of inspectors during their home inspection period.  Gone are the days that one general home inspector handles the entire inspection.  In our litigation-happy society, home inspectors are wary of being sued if they miss something on an inspection, so it is not uncommon for a general home inspector to advise the prospective buyer to bring in the experts...

The effect of rising mortgages

We've noticed interest rates are rising on mortgages.  What effect do you think that will have on our market?

You are correct - the fed raised the interest rates AGAIN this year, and have indicated that we need to be prepared for two more rate increases in 2018. Those increases are expected in September and December and many forecasters are expecting that rates will be over 5% by 2019.  The economy has been incredibly strong and unemployment is lower than it's been since the 1960s (excepting one month in 2000)... 


The life of every party, the spectacular outdoor playground with new pool, hottub and backyard bar will be the highlight of your summers and the favorite hang-out of family and friends. Lush mature landscaping surrounds the half-acre yard and creates an outdoor oasis within walking distance from all of the amenities, fine shops and restaurants that Sewickley has to offer! This masterful renovation successfully merges notable architectural details w/today's lifestyle throughout. Gracious entry foyer and formal rooms boast 9' ceilings w/crown moldings, beautiful mantels and woodwork. The fully equipped gourmet kitchen features large island, granite countertops and stainless steel professional grade appliances. Hardwood floors unify the three finished levels of the home. Main level mudroom. 7 bedrooms and 4.5 remodeled baths. Three car detached garage.  $1,421,000

Gorgeous all brick newer construction in wonderful Sewickley neighborhood. 2 acre professionally landscaped lot with plenty of green space. Fully-equipped newer kitchen with custom cabinetry, high end appliances including Sub-Zero refrigerator, Wolf range, Dacor warming drawer open to family room and incredible vaulted"three season" room with impressive stone fireplace -- perfect for entertaining! Main level den/home office with vaulted ceiling, stone fireplace and private stair to master sitting room! Mudroom access to attached three car garage. Upper level laundry. Incredible master suite w/ spa-style luxury bath, sitting room and private outdoor porch plus three additional bedrooms including a main level suite. Fun for all in the lower level with home theater, game room, home gym, full bath. Stay fit year round with the heated indoor "endless" pool! Full-sized elevator access to all three levels. Stylish aesthetic and meticulously maintained throughout.  $1,550,000

A spectacular Sewickley Village transformation! This home has been renovated and expanded and is magazine perfect from top-to-bottom! A large two-story addition of 1000SF+ incorporates a new large family room,
mudroom and luxurious master suite. This complete renovation included all new wiring, zoned central A/C added to the home, 2.5 new baths including a gorgeous master bath, addition of main level laundry and new kitchen featuring abundant white cabinetry topped with Quartz, stainless appliances, and large center island overlooking the large great room. New master suite includes vaulted ceiling, spacious walk-in closet with laundry chute, additional double wall closet, and incredible bathroom with porcelain tile floor, pedestal-style soaking tub, double vanity with camera top and custom tile shower with body sprayer and seamless glass enclosure. Fenced rear yard with patio. Relaxing covered side porch. Easy walking distance to the center of the Village! $629,000

625 East Drive is the opportunity of a lifetime! Nowhere else in Sewickley Village do all of the elements of the ideal Village experience merge so beautifully in one home! Tastefully remodeled, elegant yet comfortable! Located on one of Sewickley's finest streets. Built and maintained with impeccable attention to every detail. Richly appointed throughout. Beautiful kitchen loaded with amenities. Private study with richly molded walls and handsome wood-burning fireplace. Family room/morning room with arched windows flood the room with light. Restful owners suite with luxurious his and hers baths. Amazing dressing room with mahogany center island is loaded with storage and anchors this stunning space; walls of mirrored custom closets affording incredible storage ring this impressive room. Four to five additional bedrooms, three laundry areas, finished lower level with game room and home gym. Two-car garage with bonus room above. Beautiful, private grounds with large stone patio.  $2,800,000
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Kathe Barge | | Cell/Text: 412-779-6060 |
Howard Hanna Sewickley | 401 Broad Street, Sewickley, PA | 412-741-2200 x238
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