BEST ANSWER
Hi, Michelle,
Pittsfield has condos in ALL price ranges from the ridiculous to the sublime....an average will give a really skewed view., and will not be helpful in pricing your property or a property that you wish to buy. In pricing any property in Berkshire County, price per square foot is not normally considered by real estate professionals when doing CMA's because other factors are so much more important. We don't have cookie cutter direct comparable properties like other communities may have.
The best way for you to price your condo is to see what other units in your complex have sold for recently. You can even look back a couple of years, but don't plan on getting quite what the "high water mark" got, unless the sale was within the past six months. Then you need to adjust for square footage, number of bedrooms and bathrooms, upgrades or condition, whether or not your unit has a garage or a basement, what your fuel source is, how close you are to the complex's amenities, whether or not your unit is on the ground floor and is a single floor unit, or whether or not your unit is an end unit. Comparing with other complexes gets even trickier as you account for the different locations, amenities, and condo fees. Are there assessments pending? How is the reserve fund?
Your best bet is to ask a Berkshire REALTOR to do a CMA for you, or to hire a licensed, LOCAL appraiser who knows our particular market inside and out.
Good luck with your sale. Our market was not hit nearly as hard as other markets were. By pricing correctly and marketting effectively, you should have success in your sale.
Tue Sep 29 2009, 09:35