I will give you an example. Typically in Denver we do NOT count the sq. ft. in the basement as part of the measurement. However, if the basement is finished we will say, "the finished sq. ft. is...."
Now go to the mountains. In the mountains the agents DO count the basement sq. ft. because part of the basement more often than not is "above ground" or as we say in town a "walk out basement". This is why the mountain agents count it.
Recently I listed a home in Riva Chase (above Golden). When competing for the listing I refused to count the walk out basement sq. ft. while the other agents did count it. The resulting prices were skewed by over 6 figures! In the end, my figures were deemed correct by an licensed appraiser because that is how appraisers measure! (yippee for me).
So why is this important to you? In order to make a decision, you must be certain the data you are basing the decision on is correct as is the data you are judging it against.
You will not be able to confirm that in Golden because of the mixture of agents measuring how they please.
Average PSF is not a good way to determine value. The value is dependent upon finishes, quality of construction, location and a host of other things.
Since Trulia gets their information from agents inputting listing data. I can only assure you of one thing, it is not necessarily correct to assume the basement in not included, even though it should be.
Make sure when you look..you request ALL comparables in the area you are looking from an agent/Broker
Most importantly you can access the recent sales info from any county site..then you make sure you get ALL sales..including foreclosures and privately sold homes.
Be pro active in this market to assure you are really getting a good deal..
Finally, find an agent/Broker you can trust....
If you have any other questions you may write me at ......................email@example.com
Make sure you go by a potential home and knock on the neighbors door..they can be a great source of information about what's going on in the neighborhood.
It's like moving into a rental..you find out later your neighbor is loud etc.....However, when your lease is up..YOU can move easily compared to when you purchase....it's much harder...
So, make sure you like everything..go by when people are home from work and school..or on a Saturday...
Investigate ....like in my case ..where all the fast food restaurants are..HA!! You know..WHAT"S IMPORTANT to the way YOU live.....theatres etc.
Kathryn Carlson, Licensed Real Estate Broker Owner ,
Bachelor of Science, Realtor, Accredited. Luxury Home Specialist, e-Pro Certified
Memberships: National Association of Realtors,
Colorado Association of Realtors, Denver Board of Realtors, Council of Residential Specialists,
Council of Luxury Home Specialists, Colorado Mortgage Holding Company, Licensed HUD Broker, Denver Metrolist
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I'm not sure how Trulia calculates, but normally basement square footage (or floors below grade) isn't included in the average price per square foot calculations. I have a good Appraiser friend who lives north of Denver and I'm sure would be happy to get you an accurate answer -- even for the specific neighborhood in which your looking. Send me an e-mail or give me a call and I'll put you in touch with him.