Despite new construction inventory being down -26% on year-over-year basis, the Mark Company condominium pricing index* for November 2017 showed that new condo prices dropped -3% compared to November 2016 and are now equal to $1,171 per square foot.
On the other hand, prices for resale condos ticked up +14% on year-over-year basis and are now fetching $1,057 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.