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Price per square foot is .. not always a great metric. Price per square foot tends to goes down as square footage goes up. (For example, a 1700 sq ft home in
by DannyBee 11y ago
Price per square foot is .. not always a great metric.
Price per square foot tends to goes down as square footage goes up.
(For example, a 1700 sq ft home in mountain view will cost you 2 mil. A 3400sq ft one in the same place will cost ~3 mil, not 4 mil).
- gdudeman 11y agoAgreed. It's an imperfect measure. I lobbied to put both on here, but then you end up with an unreadable map.
- thrownaway2424 11y agoYou do have to pick something and run with it, I understand that. But price per square foot is pretty bogus because one cannot buy housing by the square foot. You have to buy it per _house_. I think you could make a fair comparison if you went with median 2-bedroom sale price instead.
- declan 11y agoAlso price per square foot doesn't reflect lot size. Orinda will, I suspect, have larger lots than Rockridge. If you wanted to buy a decrepit 600 sq. ft shack on a 10-acre lot in downtown Woodside, a price per square foot metric might seem like it should be <$1M. In reality the property would sell for $10M+ based on the land value, with the shack having negative value because of the cost to tear it down. (Ob. Steve Jobs Woodside reference here.)