Home in Garfield sold for more than $300,000

Hoddy Hanna, Chairman of Hanna Holdings: "it's the East End comeback"

The Inside Story With Marty Griffin
July 03, 2018 - 1:17 pm

Bloomfield-Garfield Corporation

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PITTSBURGH (Newsradio 1020 KDKA) - Is a house worth $307,000 in Garfield? That's what a couple recently paid for a newly renovated three-bedroom house with a view of the Cathedral of Learning and the U.S. Steel Tower. A community once known for crime, proverty and vacant properties.

Hoddy Hanna, Chairman of Hanna Holdings, tells KDKA's Marty Griffin it's a huge resurgence part of the East End comeback. "five years ago most people were afraid to got to Garfield."

Rick Swartz, executive director of the non-profit Bloomfield-Garfield Corporation says he was “fairly surprised”.

“In that particular block of Hillcrest Street, we don’t really have a history of houses selling for much more than $50,000 over the last several decades,”

 Hannah sayscouple got a good value.

“In Squirrel Hill you couldn’t touch that house for less than $450-$500 thousand.”

The Post-Gazette reports average home prices in the 10th Ward, including Garfield, have gone up 70 percent between 2012 and 2017. RealSTAT also says dollar volume in real estate increased 174 percent in the same time frame.

Swartz says The Bloomfield-Garfield Corporation works to purchase lower income and abandoned homes and renovate them, reselling them at a reasonable price, so he believes Garfield can remain a diverse neighborhood that attracts upscale clients as well as average to lower-middle class people.

Garfield is a unique neighborhood because “there are different parts of the neighborhood, with different kinds of homes that appeal to different segments of the housing market.”

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