In this graph your looking at the average $ per square foot. Here again there are a number of variables to keep in mind that will affect this number:
Here are a few of them:
Of course, there can be a general trend in the market.
A ratio of newer units to older units as newer units will send for more $ per square foot.
The ratio of smaller units to larger units. While smaller units tend to sell for less than larger, the actual $ per square foot is usually higher on a smaller unit.
Location. If units are located close to transportation and the core downtown, they will typically sell for more than others.
This is why it’s important to work with someone familiar with the Walnut Creek condo market.