The general rule of thumb is the higher the floor, the higher the price. This is true for a number of reasons:
-- higher floors have less street noise
-- in a high-rise building, higher floors generally speaking have a better view
-- in a low-rise building, the top floor may be preferred since the owner would not have any noise from above
Remember, though, that in a four-story building that does not have an elevator, for example, a top-floor unit may not garner much more than a ground-floor one. Also, in a high-rise building that has older elevators which may break down more frequently, upper-floor units may not be in such great demand.
Taking all this into consideration, there is no set dollar amount to calculate the difference in price for similar units on different floors in the same building. However, your REALTOR can usually give you a range of realistic prices based on sales of units in the same floor range of the building.
Of course, there are many other factors involved in determining a fair price for a condominium unit. Among these are:
-- number of square feet of living area
-- type and age of finishing
-- type and age of appliances (if they're included in the sale)
-- direction and content of view from the windows
-- whether the sale is "distressed" (i.e. short sale, foreclosure)
If you haven't yet hired a broker, talk to a few and choose one to help you. Find one who knows your neighborhood and building. A knowledgeable broker can help you to balance all of the factors to determine a fair selling price.
Don Pasek, CIPS, TRC, ADPR
Omniterra Real Properties
Generally speaking the higher the floor the higher the cost.
The price difference depends on the total number of floors in the building.