What is the price square/ft for 2 bedrooms / 2 baths in SOMA and Mission Bay area?

Asked by Dif1810, 94158 Fri Jun 29, 2012

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Jed Lane, Agent, Petaluma, CA
Wed Sep 5, 2012
In fact only an appraisers measurments are admissible in court. It isn't an unexact science it really is an opinion based on how the measurments are done but legally they are the arbitrators of size.
In our market we usually post the size based on the tax records which are set when the property is constructed or remodeled.
The price per SF measurement is only relevent when compared to others and should only be used to spot outliers. As has been said a different view can affect the price paid for the same sized unit so what good is it in setting the value that a buyer should offer? Maybe some value but actually very little.
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Sally Rosenm…, Agent, San Francisco, CA
Sat Jun 30, 2012
Good answer Lance. There are just too many variables. Your realtor can pull up the numbers for you.

Good luck!

Sally
Web Reference:  http://www.sallyrosenman.com
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Lance King, Agent, San Francisco, CA
Sat Jun 30, 2012
Buyers seem to be very focused on this number, but $ per sq ft is not the end all number as many things affect pricing property .

1. Within these districts there are properties that range from as much as 100+ years old to brand new.
2. Prices vary for top, middle, and bottom floors.
3. Views and light (or lack thereof) have huge impact on pricing.
4. Some have parking, some don't, another huge impact on pricing

These are just a few, but the most important in my view is that measuring square footage is a ridiculously inexact science. A perfect example: We had a listing on a property that had been measured 4 times over about 4 years due to purchase, condo conversion, and sale. The sizes range from 1258 sq ft to 1622 square feet. No, that is not a misprint. That means that one of the appraisers found (or lost) a VERY large room, and this kind of thing happens all the time. That is also why appraisals have very little to do with real world value.

This is why it is so important to have an agent/broker who is active in the business and has a lot of experience, because they can tell you from being in the trenches what that real world value can be.

Best Regards,

Lance King/Owner-Managing Broker
lance@fixedrateproperties.com
415.722.5549
DRE# 01384425
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