Recently released report by the Mark Company indicates that new condo prices grew +2% compared to May 2017 and are now equal to $1,180 per square foot. Inventory dropped -38% compared to the same time last year.
As for condominium resales, their prices increased +8% y-o-y, equaling to $1,172 per square foot.
For more details, please download the enclosed copy of the report.
*The Mark Company Condominium Pricing Index uses a proprietary quantitative method to model the price per square foot of a new 10th floor, 1,000 SF condominium.
With best wishes,
Associate Broker, Pricing Strategy Advisor (PSA®)
CalBRE No: 01445813
c: +1 (415) 601-0926
Disclaimer: Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.