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Rainmaker
1,697,294
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

No. Didn't you ask this yesterdayish?

Jun 19, 2016 12:50 AM
Rainmaker
1,444,727
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Tony and Suzanne Marriott, Associate Brokers It might elsewhere, but here dollar PSF is not applicable to residential real estate.

Jun 18, 2016 11:57 PM
Rainmaker
3,956,454
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It's a reference point in my opinion.  

Jun 19, 2016 02:32 AM
Rainmaker
1,231,549
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Helpful comments to your question Tony and Suzanne Marriott, Associate Brokers 

Jun 19, 2016 01:37 AM
Rainmaker
1,136,137
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

The comps, $/sf need to be consistent. If it is unique then what people are willing to pay should be close to the listing price.  Zestimate, Realtor, Homes can not help you.....

Jun 19, 2016 12:58 AM
Rainmaker
6,367,460
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The recent comps are more important than square footage figures.

Jun 19, 2016 08:51 PM
Rainmaker
634,272
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

If properties are nearly identical except for more (or less) square feet then yes $/sq. ft. is a useful metric.

Jun 19, 2016 06:55 PM
Ambassador
4,312,167
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Tony and Suzanne Marriott, Associate Brokers within the planned community, the location of the home is also important. 

The one deep down on the cul-de-sac may be more value in the eyes of sellers...

Jun 19, 2016 04:04 PM
Rainmaker
939,224
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

No, because there are so many extraneous factors that need to be considered in setting a list price. It's more of a talking point than anything else.

 

Jun 19, 2016 11:28 AM
Rainmaker
1,608,757
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

I would think this is the ideal situation for using $/sf info.  Generally I don't even use the $/sf because our market is so varied and there are so many other factors that carry more weight.  We have very few of these type of communites unless you consider condos, but then again a killer view will trump all.

Jun 19, 2016 10:28 AM
Ambassador
2,545,589
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

The price per SF must be important in Tallahassee; it is a field in the MLS.

Jun 19, 2016 10:26 AM
Rainmaker
4,019,389
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Only as a reference point made more accurate by your individual knowledge of the individual properties and the amenities contained!

Jun 19, 2016 07:34 AM
Rainmaker
1,361,668
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The infamous price/sq.ft.  Oh how I love it when someone brings that up.  I think it's a stat people fall back on when they can't afford a house.  Buyers agents bring it up to me all the time, my response: "Listen, you either want the house or you don't.  Bringing that stat up just says you can't afford it.  A Ferrari is a higher price per sq.ft. than a pinto, but you don't see Ferrari owners complaining.  No!  They're getting the upgraded package and the wheel nuts with the horse them.  Why, because they want the car and can afford it."

Jun 19, 2016 06:22 AM