Is price per square foot a meaningful comparison for homes?
Sometimes price per square foot is meaningful, and sometimes it is less accurate. It does have value when comparing similarly-sized and similarly-configured homes in a very specific area, giving general trends for the neighborhood. It is less accurate when comparing smaller and larger homes, or in the face of unique features like views, premium lots, property condition, etc., that may vary from house to house.
In Summit County, the Price Per Square Foot may be just the beginning when valuing your home. In August 2017 the median price per square foot was up 11-13% across the board
- Single Family Homes price per square foot median across the county is $342
- Condos price per square foot median across the county is $423
- Townhomes/Duplex price per square foot median across the county is $358
Year to Date, the average sales price is up 16.7%. If you're considering to sell, let us do a much more detailed market analysis to get a better determination of value on your home. Then ask us how you can save on your commissions when selling with BreckLiving.