For the first time in 2017, the Mark Company condominium pricing index* for December 2017 showed that new condo prices gained +1% compared to December 2016 and are now equal to $1,196 per square foot. This gain, however, is still -10.9% below the peak pricing of August 2015. The inventory is down -27% v. the same time in 2016.
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.