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Answers (3)
- Josh Zollinger, "Orange Coast Realty"
- Contributions:47
Price per square foot tends to decrease slightly with the increase in size, unless it is a higher build quality or custom home. It is rare in the Mission Viejo are for a home to sell over $300/ foot. Zillow's $287 seems slightly high for the community as a whole with ~$260/foot being a little more accurate and the average closing closer to the $250. Again these are averages and I have recently worked on deals in Mission Viejo/Ladera Ranch from $200-300+ in the past few months. These numbers shouldn't be the focus in a home search as each property is unique- but they should be considered as to not to waste everyone's time if the property would not appraise- as I would expect this one wouldn't unless there is something unique about it (on Lake Mission Viejo).
Good luck!
Good luck!
- Professional Investor, "Sacramento Investor"
- Contributions:42
Please do not use Zillow's "sales comps" as a true indicator of value. I've found it to be way off.
The reason for this is when a property is foreclosed on it is a transfer of ownership back to the lender and it sometimes shows as a sale for the amount previously owed, which is a false sale...or a very bad comp to use.
$287 psf is a lot right now...you must be in a very expensive area.
The reason for this is when a property is foreclosed on it is a transfer of ownership back to the lender and it sometimes shows as a sale for the amount previously owed, which is a false sale...or a very bad comp to use.
$287 psf is a lot right now...you must be in a very expensive area.
- John Paul Ledesma, "John Paul Ledesma"
- Contributions:8
The smaller homes sell at a higher price persquare foot.
Zillow's "list of comps" $/sq ft is CONSIDERABLY less than property list $. How can we nego/justify
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