We do not use square feet to gauge values on re-sales. There are so many elements that go into determining value such as location (proximity to town, train, schools) condition, upgrades, property dimensions and so fourth. We rarely see SF mentioned on a listing or floor plan.
Here is an exert from my Blog: http://www.Summit-NJ.com
Today it is critical that you physically see what is out there on the market. Looking at listings on the web is fine but not a good way to establish a foundation or baseline education.
With that being said, hire a hard working, full time broker to show you as many properties as you can stomach, yes this takes time away from other things you would prefer doing, not to mention patience. Look at properties above your range and ask your broker for current market statistics: what is selling or why a property is â€œsittingâ€. Remember, all your friends and loved ones will discourage your from buying today. Yes, many are paralyzed by the unknown, or fear. Either way, do your homework, stay in front of the market, when you see value or a great opportunity, you will know it is time to make a move, all fear aside.
Lois Schneider Realtor