The average selling price of actively-marketing projects in the third quarter of 2018 was $745 per square foot, up 11% year-over-year. For unsold units, asking prices gained 19% to $972 psf on average.
Urbanation's Q3 2018 condo market report also reveals that average resale condominium prices grew by 6.5% year-over-year to $690 psf, or $577,000 based on an average size of 837 sf; a sharp deceleration from the 27% annual pace recorded in Q3-2017.
Meanwhile, resales gained for the first time since Q1 2017, with a 2% rise year-over-year to 5,253 units.