When it comes to buying a home, one of the most common metrics buyers consider is the price per square foot. It never used to be that way, but my career pre-dates the websites with online listings that feature the price/per square foot so prominently, which quickly became a lazy way to determine value without really digging in. On the plus side, it is a value that offers a straightforward way to compare properties and assess their relative value. On …
Tag: price per square foot
Look at any home’s listing here in San Francisco or anywhere, and price per square foot will have a prominent spot. That’s because people buying and selling want simple ways to convey the value of a home, and price per square foot, for better or for worse, has become one of them. Unfortunately, price per square foot is a terrible indication of home value. Here’s why. But It’s Easy Math… Start with the price of a home, divide it by …
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