What is the average price per sqft for condos in the Castro?

Oz
Both Buyer and Seller
94107

I am thinking of making an offer on a condo in the Castro and am looking for information that will help me feel more comfortable with a number I will be naming. There are a lot of parameters, like layout, condition, views, and more (as they say, it's all about location-location-location) but knowing the average price per sqft for condos in the area will be very helpful in getting a sense of where I am standing.

Does anyone know what the average proce per sqft for a condo in the Castro is?
Alternatively, where can I find this info?

Answers (1)
Cheryl Bower, R...
Agent
San Francisco, CA
FIRST ANSWER

Hi Orie,

If you're working with an agent, he/she will be your best resource for this information. Your agent can pull from the MLS recent sales of condos in the neighborhood to help determine approximate value for the condo that you are considering.

It’s very difficult/impossible to try to give an average price per square foot without knowing the size/features of the subject property. Price per sq. ft. tends to go down as the footage for the living space goes up. A deeded parking space also adds value to the property and won’t be factored in with the square foot approach. To give you an idea of the price range per square foot, a 732sf condo sold at a price which breaks down to $854/SF whereas a 1541SF condo (a beautiful Zephyr listing) sold at $533/sf.

There are also other variables as you’ve mentioned including floor plan, views, quality of finishes not to mention if the property is well priced property & shows well which can generate multiple offers.

If you don't have an agent, hire one ASAP!!! There really isn’t an easy, accurate way to pull sales data other then through a MLS member. And even then, it’s ideal that your agent has seen some of the sold properties since there are so many variables which affect value.

I’m happy to be a resource. I frequently tour district 5 & know the inventory. Zephyr also has the market share in D5 meaning that if it’s a Zephyr listing, I’ve very likely seen the property.

Best wishes,

Cheryl Bower, Realtor , GRI, ABR
Cell 415.999.3450
Zephyr Real Estate
Cheryl@cbower.com http://www.cbower.com

Mon Apr 27 2009, 13:36

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