Take Herriman for example. In that last few months, there are townhomes that sold there for 133/sq.ft. and 2 story conventionals that sold for 100/sq.ft. This fluctuation is natural, as each home is unique.
The number you should be looking at is the price/sq.ft. of the homes comparable to the ones you are looking at buying. Those are the ones that will truly matter.
Once you get that number, you'll have a good idea of what a good buy would be and where you can feel comfortable with an offer. I say this because would hate to throw out a number without knowing what kind of place you are looking at.
Hope this helps. - Wed Jan 30 2008, 09:14