Ground Floor vs. 2nd Floor

Oddly, it doesn’t look like there’s much difference.  I generally thought the ground floor units sold for much less.  Kind of interesting that I haven’t yet found a single sale in 2010… b/c the market was down, and nobody wanted to take that big of a loss.

Historically, if we look at average prices, ground floor units average to $203,874 (34 sales) and second floor units average to $214,094 (32 sales), giving us a $10,220 difference.  Honestly, I thought it would be more like $50k difference.  It probably higher than $10k at the moment b/c prices are roughly double from their average.  Perhaps the premium is $20k.  That is supported by looking at the most recent sales, where a top floor unit went for $424k and a bottom floor went for $399k.

second floor.PNG1 bedroom willow glen creek.PNG


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