The general trend in pricing over the last 3.5 years depends very much on which price segment you are looking at:
- Under $500,000, the 12-month moving average $/SF has declined significantly, by 7% since Jan 2023
- Between $500,000 and $1,000,000, the 12-month moving average has declined slightly, by 1.5%
- Between $1,000,000 and $3,000,000, the 12-month moving average has increased slightly, by 4%
- Over $3,000,000, the 12-month moving average has increased by increased significantly, by 17%
Four pictures probably make this clearer:
