Sunday, October 4, 2015

Philadelphia, PA (Champ) vs. Pittsburgh, PA (Challenger) - Who Wins in Housing?

(Click on either image to enlarge)

Answer - Pittsburgh, PA (bottom table/graphic)

Even though the median home price in Philadelphia is slightly lower than Pittsburgh's ($143,775 vs. $150,500), the ASP/SF* - which measures the actual purchasing power - for Philadelphia is higher @$117 than its counterpart's @$103 (other factors remaining equal).

ASP/SF* = Median (Time) Adjusted Sale Price / Median Bldg Area.  

Note - the spatial charts below the tables depict the percentile distribution of County Market Value to Adjusted Sale Price (a.k.a. Sales Ratio).

This analysis is extracted from Homequant's Town Analyst site. Try out your Town/Neighborhood. Also, find out if your Town is fairly assessed. 

It is absolutely free and requires no registration whatsoever...

No comments:

Post a Comment