Profile picture for user2232808

If comps are hard to find in immediate neighborhood, can averaging the dollar per sq ft be helpful

I averaged 29 houses that have sold in the last year up to a mile away. Some similar and close to sellers house, I averaged the dollar per square ft. In all. Came up with a good number, but seems a lot less than asking price.
  • April 11 2013 - US
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (2)

Yes but you have to take into account other factors....age of the home, renovations, location, age of systems, etc
  • April 15 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I wouldn't have a lot of confidence in that number.  There are too many variables (value of the land, quality of the construction) to make that average a meaningful number.  
  • April 11 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.