Did any of you notice the increase in “listed” inventory at Olive 8? I was going through the last couple days of newly listed condominiums in downtown and found that Olive 8 just added 12 new listings to the market. They range in size from 808 to 1,586 sq ft. The lowest priced unit is $490,000 and the highest is $895,000 at an average cost per square foot of $626. That made me wonder how their listed price per square foot compared to the sold inventory of other condos on a cost per square foot basis.
The average cost per square foot of sold units in the same category was $452psf. To make sure it was accurate, I pulled a sample set of projects that are 2007 or newer. I’m letting you come up with your own conclusions on value. For the last 6 months, Olive 8’s SOLD cost per square foot average was $644. Here is a list of a few other projects and how they compared:
|PROJECT||Escala||Enso||1521 Second Ave|
|SOLD COST PSF||$479||$521||$760|
Olive 8 Listed Inventory – Click here to review.
Sample of sold units – Click to review