Despite new construction inventory being down -23% on year-over-year basis (but 11% higher v. the previous month), the Mark Company condominium pricing index* for October 2017 showed that new condo prices dropped -5% compared to October 2016 and are now equal to $1,111 per square foot. This is a -17% drop compared to the peak prices of August 2015.
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