"I live in a house that is valued at over $400,000 and it's almost 4000 square feet."
It would cost more than that to build a 4,000 square foot house now, and that's not including the land it sits upon.
Absolutely. My house is not the most expensive one in this neighborhood by any means, but I see the ones in the new subdivisions. I have an acre of land and so do the others in this subdivision (Yes, we have the dreaded covenants!)
I know what my stepdaughter is asking for hers, with NO garage, and it's stunning. But she will get it.