Price per square foot is a key metric in pricing residential real estate. Correctly utilized, a price-per-square-foot can be an accurate way to estimate a home’s sale price. The problem is that the price per square foot is not well calculated. This happens principally because the wrong data (in this case, poorly chosen “comparable” sales and not-yet-sold MLS listings) is used to calculate the price per square foot for a house. To correctly use price-per-square-foot, you need to find properties that are very similar to the property that you’re attempting to find its value via price per square foot.
Correctly Utiizing Price Per Square Foot
My Lack of Audience, Explained
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