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Assuming no real estate license and this man got us a “real” answer and no inflated, pseudo authoritative real estate agent double speak.
Says A LOT.
It's not hard to find out where someone lives around here if you have some bits of data that would give you a name easily.
Of course, we are all looking because we are curious from a RE perspective and not a bunch of creepy stalkers, but nefarious types can also find this stuff quickly.
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When in doubt, check it out: FAQ
Question for the experts-
Would it be fair to say that in a neighborhood with homes that can vary in SF by 40% such as the subject neighborhood, that the smaller homes in the neighborhood will tend to sell for a higher amount per SF than the larger?
Definitely. The property has to sell for value of the lot + house.
Say...
$80,000 value on the neighborhood lots.
On a 2000SF house, that is $40/SF.
On a 3000SF house, that is $26.67/SF.
Smaller house price has to increase in comparison to the larger house to carry the lot.
Definitely. The property has to sell for value of the lot + house.
Say...
$80,000 value on the neighborhood lots.
On a 2000SF house, that is $40/SF.
On a 3000SF house, that is $26.67/SF.
Smaller house price has to increase in comparison to the larger house to carry the lot.
This would only be true in neighborhoods with more homogeneous stock, yes?
As in, a place like MacGregor where you have a 2500 sq ft rancher on a one acre lot next to a 6500 sq ft 2 story that's on a 1.5 acre lot these two just won't compare at all and the price per is irrelevant, is it not?
I mean, would it relate more to age, finish, similar homes nearby (not even in the same neighborhood necessarily) that sold recently, etc?
Like could you pull from Regency to comp for a MacGregor house that was a teardown and both were similar ages, sq ft, lot sizes, etc?
Take golf course frontage off the table.
__________________
When in doubt, check it out: FAQ
This would only be true in neighborhoods with more homogeneous stock, yes?
As in, a place like MacGregor where you have a 2500 sq ft rancher on a one acre lot next to a 6500 sq ft 2 story that's on a 1.5 acre lot these two just won't compare at all and the price per is irrelevant, is it not?
I mean, would it relate more to age, finish, similar homes nearby (not even in the same neighborhood necessarily) that sold recently, etc?
Like could you pull from Regency to comp for a MacGregor house that was a teardown and both were similar ages, sq ft, lot sizes, etc?
Take golf course frontage off the table.
Sure.
Cookie cutter surely makes for the easiest CMAs.
Question for the experts-
Would it be fair to say that in a neighborhood with homes that can vary in SF by 40% such as the subject neighborhood, that the smaller homes in the neighborhood will tend to sell for a higher amount per SF than the larger?
Assuming no real estate license and this man got us a “real” answer and no inflated, pseudo authoritative real estate agent double speak.
Says A LOT.
I took it as MikeJ being kind to the OP, and not broadcasting "Well, his name is obviously ________ and I looked it up in the tax records."
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