August 9th, 2013 categories: Downtown St Petersburg Condos
When looking at condos in downtown St Petersburg, buyers often ask how much per square foot they are selling for. Obviously location, condition and view have a significant impact on this. We can still look at averages, though. The two condominiums with average prices over $400/sq ft are Ovation and Florencia, both built by JMC Communities. So far this year, here is how it looks:
Over $400/sq ft: Ovation and Florencia
$300-$400/sq ft: Signature Place, Vinoy Place, Cloisters and 400 Beach
$250-$300/sq ft: Parkshore Plaza, 475, Bayfront Tower and McNulty Lofts
$200-$250/sq ft: Huntington, Hotel Detroit, Madison, Townview, Snell Arcade and the Sage
$150-$200/sq ft: Walker Whitney Plaza and Bayboro Tower
Under $150/sq ft: the Beacon and Flori de Leon
Some condos stay close to an average, others have a wide range. At 400 Beach, for example, prices this year have ranged from $282/sq ft to $650/sq ft.
Appraisers don’t value a property by price/sq ft and neither should you. It IS interesting to know, though and a question that’s often asked.