Chiggs@mac.com
New Member
I'm fairly new to this business and have a general question regarding the price paid per square foot for downtown condos. Specifically, I just don't understand the differences in price per square foot between some buildings that are very close to each other.
Specific comparison - I was chatting with a real estate agent at Cityplace and she told me that mid level floors in Parade are pre-selling at about $550 per square foot. Lower floors were closer to $535 with the top floors approaching $600 per square foot.
I live at Cityplace and have been in 4-5 of the buildings. They are nice enough but the standard finishes are just that - standard. Nothing wrong with them but nothing to make them stand out.
Compared to Cityplace, there is West Harbour City. It's a few hundred yards further away from the core yet sells for about $100 less per square foot. Units on the upper floors which are about the same height as the mid-level floors at Cityplace are selling for about $450 per square foot.
I think that if anything, the finishes at WHC are nicer, parking is included in the price, and they building still has a pool and nice features. Can anyone explain why the huge price difference?
Specific comparison - I was chatting with a real estate agent at Cityplace and she told me that mid level floors in Parade are pre-selling at about $550 per square foot. Lower floors were closer to $535 with the top floors approaching $600 per square foot.
I live at Cityplace and have been in 4-5 of the buildings. They are nice enough but the standard finishes are just that - standard. Nothing wrong with them but nothing to make them stand out.
Compared to Cityplace, there is West Harbour City. It's a few hundred yards further away from the core yet sells for about $100 less per square foot. Units on the upper floors which are about the same height as the mid-level floors at Cityplace are selling for about $450 per square foot.
I think that if anything, the finishes at WHC are nicer, parking is included in the price, and they building still has a pool and nice features. Can anyone explain why the huge price difference?