I like using $$/sf to gauge home prices. It’s simple and levels the playing field a bit by eliminating price differences due to different size homes. There are 2000sf and 10,000sf homes, and everything in between, priced at $212 or 312, or whatever$$/sf.
here’s a look at how the Tucson Foothills market shakes out using $$/sf as our guide;
the # of homes for sale & the # sold in last 90 days by $$/sf
$100 - $150/sf
For sale – 42
Sold – 41
$150.01 - $200/sf
For sale – 157
Sold – 45
$200.01 - $250/sf
For sale – 104
Sold – 14
$250.01 - $300/sf
For Sale – 73
Sold – 7
$300.01 & Up/sf
For Sale – 76
Sold - 1
Now I know buyers are looking closely at $$/sf costs and considering them carefully when evaluating home prices. So if you’re trying to sell, you might want to get on board. Just find where you are on the $$/sf scale and see how many others are for sale and have sold recently in that range. It’s not the be-all and end-all, but it is a quick, easy and accurate gauge of where the market is in your $$/sf range.
see thefoothillsToday.com
to find your Tucson Foothills home
