Market Conditions in 27927>Question Details

Glsrpkx3, Home Buyer in Corolla, NC

What is the average price per square foot in the 27927 zip code on an oceansde home?

Asked by Glsrpkx3, Corolla, NC Wed Sep 5, 2012

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There is not an average cost per square foot for existing homes that can be quoted. The formula is a bit more complicated than that. The location, quality of construction, value of the land and other factors will affect the price per square foot. When looking for a property you will want to evaluate these factors as well as return on investment (on income producing properties). Your knowledgable Realtor can help you determine what the best values are by researching sold comparable properties. T.K. Warden, Broker Coldwell Banker Seaside
0 votes Thank Flag Link Sun Sep 9, 2012
Price per square foot does not take into consideration community amenities or the price of the land. Land gets increasingly more expensive the closer you get to the ocean and even the oceanfront properties have differences which are not factored into the price per sq ft number.

Price per sq ft is not the way to put a value on a property. You need to have your agent do a market analysis of properties similar to the one you are interested in to figure out the actual value of the property. If your agent is not supplying you with the sold comps then find another agent. this is not a decision to be made with wrong info.
0 votes Thank Flag Link Thu Sep 6, 2012
Wish I could give you an answer that easily but it's not possible as ther are too many variables. Subdivision (Buck Island & Pine Island have a higher PPS then say Ocean Sands), Distance to Ocean (semi-oceanfront will have higher PPS then 5th row), Views (a home with excellent ocean views will have a higher PPS then one with no views).

If you can give me some more details as to where you are looking I'm more than happy to help.

Thanks,

Matt Myatt
Senior Broker
Village Realty
Direct - 252.207.6588
Email - Matt@MattMyatt.com
Web - http://www.MattMyatt.com
0 votes Thank Flag Link Wed Sep 5, 2012
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