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That’s an interesting metric, price per sqft. Where’d you come across that in light of this context? I always heard of price per sqft on the context of building

That’s an interesting metric, price per sqft. Where’d you come across that in light of this context? I always heard of price per sqft on the context of building and as one of the metrics on Trulia and the like but as a high level metric to compare countries with and what that number rolls up to I find it fascinating and am curious how it would render as a heat map overlaid over counties and cities etc across the globe. Do you know of any such visualization/analysis? Even a table would be a good start.

Spooky23 5y ago
Price per square foot is the metric to compare and classify like property in region. It’s usually the best quick way to determine home valuation or reasonableness of price. Typically the scale will vary by metro area. To visualize it, you’d need to control for different income tiers and local taxes. In my small city, a good condition average quality existing house is about $150/ft. The same house in a nearby suburb with fancy school district, etc is about $200/ft. That home in Queens, NY would be about $400-500/ft. In most places, you need to build higher density as 3 decades of subsidized mortgage rates built out all of the usable space. Usually condos cost around 25% less per unit to build than a single/duplex home.