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Value of New Condos Up 14 Percent From Last Year

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The value of newly constructed condos in San Francisco was $1,011 per square foot in November, up 14 percent from last year. The Mark Company Condominium Pricing Index for November shows new condo construction selling for an average $1,011 per square foot, which is unchanged from October. The big developments (20+ units) that solidified that figure were 300 Ivy in Hayes Valley, Linea on Market Street, and Marlow and Park Lane, both in Nob Hill. 300 Ivy's 63 units are all in contract, with the approximate price per square at $1,050. The highest price per square goes to Park Lane at 1100 Sacramento Street in Nob Hill, which has 33 units and is averaging $1,300 per square.

New construction inventory was 80 percent lower than a year ago, and down 31 percent from the previous month, with 125 units currently available.
· The Mark Company Trend Sheet (PDF) [Mark Company]