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Old 10-05-2009, 06:35 AM
 
2,440 posts, read 3,375,798 times
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Default Average Price per Square Foot

I read on Trulia that the average price per square foot in my zip code is $117. I have a walk-out finished basement. Would the square footage for the basement be counted when they figure the average price per square foot?

Thanks for your help!
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Old 10-05-2009, 07:01 AM
 
Location: Cary, NC
19,404 posts, read 30,242,542 times
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Quote:
Originally Posted by staywarm2 View Post
I read on Trulia that the average price per square foot in my zip code is $117. I have a walk-out finished basement. Would the square footage for the basement be counted when they figure the average price per square foot?

Thanks for your help!
That is a local question.
I am comfortable to say that you will not get the same value, or even near the same value as above grade space, but someone from your area should pin it down a little better.
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Old 10-06-2009, 04:27 PM
 
Location: Barrington
19,226 posts, read 13,621,948 times
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Mr. Trulia and Mrs. Zillow do not know what's inside any home. The rely on your property tax records which treat such space, even in the same sub division, differently.
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Old 07-17-2013, 09:39 AM
 
1 posts, read 3,316 times
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what is average price in St of Missour to figure sq footage on houses.
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Old 07-23-2013, 10:14 PM
 
Location: Pawnee Nation
7,172 posts, read 9,690,279 times
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Quote:
Originally Posted by staywarm2 View Post
Would the square footage for the basement be counted when they figure the average price per square foot?
No.

From AMERICAN NATIONAL STANDARD FOR SINGLE-FAMILY RESIDENTIAL BUILDINGS
SQUARE FOOTAGE–METHOD FOR CALCULATING: ANSI Z765-2003
Quote:
Above- and Below-Grade Finished Areas
The above-grade finished square footage of a house is the sum of finished areas on levels that are entirely above grade. The below-grade finished square footage of a house is the sum of finished areas on levels that are wholly or partly below grade.
Quote:
This standard makes a clear delineation between above-grade square footage and below-grade square footage; no statement of a house’s square footage can be made without that clear and separate distinction.
Quote:
© 2003 NAHB RESEARCH CENTER
400 PRINCE GEORGE’S BLVD.
UPPER MARLBORO, MD 20774
1-800-638-8556
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Old 07-24-2013, 08:59 AM
 
Location: Needham, MA
3,482 posts, read 3,005,093 times
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Quote:
Originally Posted by Goodpasture View Post
No.

From AMERICAN NATIONAL STANDARD FOR SINGLE-FAMILY RESIDENTIAL BUILDINGS
SQUARE FOOTAGE–METHOD FOR CALCULATING: ANSI Z765-2003
You would be correct if one could assume that Zillow, Trulia, etc are harvesting their square footage data from sources that comply with this standard. Frankly, it's a mystery to me where these sites often get information from because it's frequently wrong data.
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Old 07-24-2013, 09:03 AM
 
Location: Inman Park (Atlanta, GA)
19,684 posts, read 7,885,912 times
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Quote:
Originally Posted by MikePRU View Post
You would be correct if one could assume that Zillow, Trulia, etc are harvesting their square footage data from sources that comply with this standard. Frankly, it's a mystery to me where these sites often get information from because it's frequently wrong data.
I think they use a Magic 8 Ball....

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Old 07-24-2013, 10:41 AM
 
Location: The Triad (nc)
17,195 posts, read 21,839,868 times
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Quote:
Originally Posted by MikePRU View Post
...harvesting their square footage data from sources that comply with this standard.
Frankly, it's a mystery to me where these sites often get information from...
Really? How about language right on the MLS listings?
And yeah, as it is a misrepresentation it is indeed wrong.
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Old 07-24-2013, 11:08 AM
 
41,638 posts, read 44,854,191 times
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Quote:
Originally Posted by MikePRU View Post
You would be correct if one could assume that Zillow, Trulia, etc are harvesting their square footage data from sources that comply with this standard. Frankly, it's a mystery to me where these sites often get information from because it's frequently wrong data.
Sqaure footage;the local tax office who gets it from Abstract office where the property is listed from time it was built plus any addition made with permits.
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Old 07-24-2013, 02:45 PM
 
Location: Berkeley in Denver, CO USA
6,677 posts, read 5,383,211 times
Reputation: 6640
Default I prefer

median price per kilogram.
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