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Apr 14, 2021
8:28
:41
pm
Odysseus
Head Gamemaker
I just mean in casual conversation people will say things like “homes in Alpine
are selling for $XX per foot.” And then act like you can extrapolate from that number to get the value of any home in Alpine.
This message has been modified
Originally posted on Apr 14, 2021 at 8:28:41pm
Message modified by Odysseus on Apr 14, 2021 at 8:29:08pm
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Odysseus
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THUNDERDOME69
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Odysseus
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Oct 28, 2014
Last login
Mar 27, 2024
Total posts
32,514 (11,311 FO)
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Messages
Author
Time
Why do people focus so much on price per square foot for home value comps? It
Odysseus
4/14/21 8:23pm
Aren’t all of those things figured in?
blueaussie
4/14/21 8:24pm
I just mean in casual conversation people will say things like “homes in Alpine
Odysseus
4/14/21 8:28pm
Ah gotcha. I was thinking about my actual appraisal.
blueaussie
4/14/21 8:34pm
Because it’s an easy metric. Those other things aren’t as easily quantifiable
cougarfann888
4/14/21 8:24pm
Its just a big factor, One story vs two story is a big difference too
JOPE
4/14/21 8:25pm
What area and what price are people talking? I’m curious on current rates
Medute
4/14/21 8:26pm
Price is pretty important when it comes to buying a house
SUAVO
4/14/21 8:26pm
It gives you a starting point at least.
dYrtbYkerYder
4/14/21 8:27pm
Because that's how buyers value a home. For the most part, the value of
Corn Pop
4/14/21 8:29pm
Houses in the same area/neighborhood often have similar characteristics and community benefits.
Trent
4/14/21 8:35pm
Good estimate for homes that are usually pretty similar in many neighborhoods.
mulletino
4/14/21 8:33pm
it is the baseline. They used to use replacement costs, but those are so extreme
Nat Gas Man
4/14/21 8:54pm
Should do price per cubic foot.
zonacougar
4/14/21 8:57pm
some locations count garage space and decks if they have air. Using sq/ft is a decent metric, but it certainly is just
HarlemCoug
4/14/21 9:23pm
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