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Really?, Home Buyer in Alamo, CA

What is the average price per square foor for a fairly original home from the 1950s, in Lafayette?

Asked by Really?, Alamo, CA Sun Mar 6, 2011

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6
Really,

The age of the home is not a good basis for comparison between homes. The price per square foot will not have much meaning by itself as well. For example a Burton Valley home could command $400 per sq ft if it is updated and smaller. A home closer to 680 may not pull $300 and lafayette homes in the Alhambra school district which are newer could pull $300 to $400 but have different algebra altogether. Since the most coveted areas of Lafayette are the older areas, the price/sq ft calculation should be compared locally.
0 votes Thank Flag Link Mon Mar 7, 2011
Too many variables to give you a good estimate as the range is too wide. Can you narrow it down to maybe a specific area in Lafayette and the size of home you are inquiring about?
0 votes Thank Flag Link Sun Mar 6, 2011
Out of 252 closed homes in Lafayette during 2010, the price per square foot ranged from a low of $188, to a high of $711. There are numerous variables that affect it. Last quarter, the average price per square foot of closed sales was $400, which would reflect an updated property. For a 7 year trend graph of Lafayette price per square foot, by quarter, see page 36 of my free 2011 Lamorinda Real Estate Guidebook. Contact me if you would like a copy emailed to you, or if you would like my price estimate for a particular property.
Troy Feddersen
Web Reference: http://www.troyfed.com
0 votes Thank Flag Link Sun Mar 6, 2011
The current average price per square foot for homes priced between 700k-1m in Lafayette is around $400/ per square foot (pending sales) and $355/per square foot (actual closed sales for last 90 days). However, as others have mentioned there are fairly significant swings - primarily based on location in Lafayette and how much flat, usable land the property has - flat lots are at a premium, regardless of age/condition of the home. If you need more information, or want some statistical analysis (I have several different types of analysis available) let me know. Best of luck in your real estate pursuits!
0 votes Thank Flag Link Sun Mar 6, 2011
Too many other unknown factors involved to base a price strictly on a per foot basis, like location, condition of the home, lot size and functionality, living square footage, and school district to name a few. Best to talk to a Realtor with area expertise to get a good price evaluation. The per foot price could vary as much as $200/ft. based on these factors.
0 votes Thank Flag Link Sun Mar 6, 2011
Just showed some clients one yesterday; built in 1949, needs updating in a wonderful area on.75 acres and incredible views, priced at $283 per sq ft. It will take about $200k to $300k to moderize it, but once done, will double in value. Listed at $995,000. There are others available as well and priced higher.
Regards,
Suzanne Looker
0 votes Thank Flag Link Sun Mar 6, 2011
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