Southside is the least homogenous of the areas I’m describing today. The inventory is more eclectic and limited. About half of the closings in the last 6 months belong to two large and very desirable loft buildings (The Gretsch and Smith-Grey) and one large but far out new-development (Schaeffer Landing).
Looking at closings in the last three or six months, I’m seeing both just over $720/sf. HOWEVER, if you clip the ground floor duplexes you see over $765/sf in the last six and over $780/sf in the last three. Looking at what’s gone on the market or in contract in the last 3 months I’m seeing listing prices just under $800/sf, but I know there were many bidding wars that went far over ask, so this will revise upward once closings are confirmed. While I feel good about this snapshot of the area, the high variation between buildings will cause internal comparisons to carry much more weight.
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