Buyers seem to be very focused on this number, but $ per sq ft is not the end all number as many things affect pricing property .
1. Within these districts there are properties that range from as much as 100+ years old to brand new.
2. Prices vary for top, middle, and bottom floors.
3. Views and light (or lack thereof) have huge impact on pricing.
4. Some have parking, some don't, another huge impact on pricing
These are just a few, but the most important in my view is that measuring square footage is a ridiculously inexact science. A perfect example: We had a listing on a property that had been measured 4 times over about 4 years due to purchase, condo conversion, and sale. The sizes range from 1258 sq ft to 1622 square feet. No, that is not a misprint. That means that one of the appraisers found (or lost) a VERY large room, and this kind of thing happens all the time. That is also why appraisals have very little to do with real world value.
This is why it is so important to have an agent/broker who is active in the business and has a lot of experience, because they can tell you from being in the trenches what that real world value can be.
Lance King/Owner-Managing Broker