Price per square foot is something that has been promoted through various real estate related reality shows, but can't translate to the true value of a property, whether it's a condominium or a house. It's been a disservice to the industry and more, to the buyer to try to boil down a home's value to price per square foot. Location, features, views, amenities, and the way you feel about the space; there are too many variables that go into determining the true value of a home. A professional, local Realtor will help you determine the value of a home, based on prior sales, the current market and other relevant information. This is true whether you are the buyer or the seller.
I would be happy to assist you with this question or any others regarding your real estate needs.
Katie Larson, Realtor
Keller Williams Pacific Estates
If you'd like more specific information on pricing condominiums -- whether to buy or sell or just because you're curious -- I'd be happy to help. My team and I have been helping home buyers and sellers in the Long Beach area since 1998.
Hire a local real estate Broker to help you determine the value of a property. Don't try to do it yourself. Rely on his or her expertise to guide you.
Best of luck.
Condo prices vary tremendously. At the building level the major factors are location, amenities, HOA dues, parking. Within each building the individual condition of each unit also affects the pricing, although a highly upgraded unit is a run down building will not command the same price per sf as a highly upgraded unit in a well maintained building.
For more accurate pricing of an individual unit your best bet is to speak with a Realtor with local area knowledge. They need to see the unit and the building. I would be happy to help you out. Let me know if I can provide further help.
Shel-lee Davis BRE #01817412
Real Estate Consultant
International Real Estate Specialist - IRES®
Senior Real Estate Specialist - SRES®
Certified Home Seller Advisor - CHSA®
Certified Home Buyer Advisor - CHBA®
Member - National Association of Certified Expert Advisors - NAEA®
Certified Distressed Property Expert - CDPE®
RE/MAX Estate Properties