Despite the inventory being down -29% on year-over-year basis, the Mark Company condominium pricing index* for May 2017 showed that new condo prices dropped -11% compared to May 2016 and are now equal to $1,160 per square foot.
For more details, please download the enclosed copy of the report. Please contact me should you have any questions regarding local real estate market.
*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.