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Archive for January 2nd, 2010

$180 Per Square Foot – Is This The Bottom in Avondale?

Categories: Market Update
Posted on January 2nd, 2010

Two of the most recent sales in Avondale sold for approximately $180 per square foot (sales price divided by the number of air conditioned square feet). Both homes were nicely updated (not top of the line with all of the bells and whistles) but better than your average bear.

1819 Elizabeth PlaceOne of the houses was a short sale on Elizabeth Place and the other was a non-distressed house on Edgewood Avenue.1487 Edgewood Avenue

If you’re thinking of selling, this might be a number to keep in mind — many of the properties listed today are well over $200 per square foot but they aren’t moving.

Take your square footage and multiply it by $180 a square foot — is it a number that makes your blood run cold? For many sellers, the answer would be yes — especially if they bought in 2005, 2006 or 2007.

If you’re thinking of selling, give us a call — there’s more to the picture than just price per square foot!

Written by Allison Steilberg // Discussion: Please leave a comment.

Allison Steilberg

Realtor®
Berkshire Hathaway HomeServices Florida Network Realty 3627 St. Johns Avenue Jacksonville, FL 32205 904-252-5181 (Allison)