Market Conditions in Dewey>Question Details

Jon Samuelson, Home Buyer in Sun City West, AZ

what is average cost per square foot of homes sold in the last year?

Asked by Jon Samuelson, Sun City West, AZ Wed May 23, 2012

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3
Contact me with your email address and I will send you a chart that has all the stats for the last 4 years.
Lorrie Feld
Keller Williams Integrity First
lfeld@azrealtygroup.com
480-570-1074
0 votes Thank Flag Link Thu May 24, 2012
Great answwer from Ron.

Here's a link to a blog I wrote on the same subject: http://www.trulia.com/blog/don_tepper/2010/07/price_per_squa…

Hope that helps.
0 votes Thank Flag Link Wed May 23, 2012
Don Tepper, Real Estate Pro in Burke, VA
MVP'08
Contact
Average cost per square foot is information that has absolutely no value to you:

First of all, this would include 10,000 sqft mansions and 700 sqft hovels. It would include regular sales as well as distressed property. Shortsales and REOs.
It would include turn-key properties and fixers.

Secondly; it doesn't take into consideration how long the property was on the market.

Thirdly, we don't know how distressed and desperate the Sellers were.

Fourthly, we don't know what extra things the house had, like a pool, extra large lot, out-buildings, etc.

Also, we don't know if was part of an HOA, or what concessions the Seller or the Buyer made.

I have seen houses sell for $65/sqft and also $450/sqft; how can you average those numbers?

Good luck and may God bless
0 votes Thank Flag Link Wed May 23, 2012
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