Any analysis about the price per square foot? Is this simply because builders are only building smaller, cheaper houses?
I’m with you, I always look at price per sq ft to determine what the price really reflects.
You got it. The sales are mostly with new homes and they are building them smaller right now.
Any analysis about the price per square foot? Is this simply because builders are only building smaller, cheaper houses?
Our firm has listed a foreclosed home on 4.5 acres, about 5,000SF with issues for $119,000.00. We have had super activity with showings, but not many buyers can afford to make repairs. My contention is: who would want to heat and clean this monster?
This report does not factor in price per square foot. It’s just a price per unit survey. The US Census does have annual stats on that and they are sending me the report but i am sure it is not as current as October.
Location, location, location.
Aspen, CO - price per sq ft = $1,118 (and rising)
Tampa, FL - price per sq ft = $87 (and falling)
Las Vegas, NV - price per sq ft = $106 (slow rise recent months)
Detroit, MI - price per sq ft = $77 (rising/hit bottom?)
Fairfax, VA - price per sq ft = $237 (falling)
Seattle, WA - price per sq ft = $370 (currently falling but up for this year overall)
Houston, TX - price per sq ft = $54 (rising)
It was a bogus industry website that lied... figures came out today refuting everything in that report.
LLS