Per Square Foot

Prices per square foot can be very deceptive because location is often more important than size. Still judging a property on its price per square foot is important. I took a look at the last 6 months of transactions on the MLS and here is what I found:

Condos seem to fall into two categories: Those on Market Street and those not. Market Street condos traded at over $200 per square foot

702101 Copperline Drive  1289 sq ft 2  beds 2  full baths and 0  half baths condo $205,000 $159.04 per sq ft
520 Aberdeen #201  910 sq ft 1  beds 1  full baths and 1  half bath condo $149,900 $164.73 per sq ft
523 Copperline Drive  1280 sq ft 2  beds 2  full baths and 1  half bath condo $222,500 $173.83 per sq ft
604103 Copperline Drive  1350 sq ft 3  beds 2  full baths and 0  half baths condo $245,000 $181.48 per sq ft
500203 Market Street  906 sq ft 1  beds 1  full baths and 1  half bath condo $190,000 $209.71 per sq ft
500 Market Street #303  880 sq ft 1  beds 1  full baths and 1  half bath condo $185,000 $210.23 per sq ft

Among townhouses, a similar pattern emerges. Highgrove townhouses seem to be worth about $180 per square foot, while others are valued at more like $130.

904 Highgrove Drive  1150 sq ft 2  beds 2  full baths and 1  half bath townhouse $206,000 $179.13 per sq ft
1008 HIGHGROVE  1148 sq ft 2  beds 2  full baths and 1  half bath townhouse $208,500 $181.62 per sq ft
118 Westgreen  2450 sq ft 4  beds 3  full baths and 1  half bath townhouse $326,500 $133.27 per sq ft
302 EDGEWATER CIRCLE  3247 sq ft 3  beds 3  full baths and 1  half bath townhouse $425,000 $130.89 per sq ft

Houses definitely vary a good deal on price per square foot, but no clear pattern emerges:

403 Brookgreen Drive  2935 sq ft 4  beds 3  full baths and 1  half bath house $408,000 $139.01 per sq ft
210 Glade Street  3353 sq ft 5  beds 3  full baths and 1  half bath house $482,500 $143.90 per sq ft
800 HIGHGROVE DRIVE  2860 sq ft 4  beds 3  full baths and 0  half baths house $430,000 $150.35 per sq ft
213 Overlake Drive  2792 sq ft 3  beds 2  full baths and 1  half bath house $430,000 $154.01 per sq ft
917 Edgewater Circle  2189 sq ft 3  beds 2  full baths and 1  half bath house $337,500 $154.18 per sq ft
100 Winston Ridge  2550 sq ft 4  beds 2  full baths and 1  half bath house $395,000 $154.90 per sq ft
126 Graylyn Drive  3936 sq ft 5  beds 4  full baths and 0  half baths house $610,000 $154.98 per sq ft
204 Arlen Park Drive  3191 sq ft 4  beds 3  full baths and 1  half bath house $500,000 $156.69 per sq ft
216 Edgewater Circle  2500 sq ft 4  beds 3  full baths and 0  half baths house $395,000 $158.00 per sq ft
205 Calderon Drive  2348 sq ft 3  beds 2  full baths and 1  half bath house $385,000 $163.97 per sq ft
305 Parkview Crescent  2651 sq ft 4  beds 3  full baths and 1  half bath house $444,000 $167.48 per sq ft
211 Glade Street  3295 sq ft 4  beds 3  full baths and 1  half bath house $559,000 $169.65 per sq ft
209 Edgewater Circle  3055 sq ft 4  beds 3  full baths and 1  half bath house $549,000 $179.71 per sq ft
109 Graylyn Drive  3384 sq ft 4  beds 3  full baths and 1  half bath house $668,500 $197.55 per sq ft
203 Glade Street  3000 sq ft 4  beds 3  full baths and 1  half bath house $605,000 $201.67 per sq ft
1307 Highgrove Drive  3580 sq ft 4  beds 4  full baths and 0  half baths house $725,000 $202.51 per sq ft
1301 Highgrove Drive  3540 sq ft 4  beds 4  full baths and 0  half baths house $750,000 $211.86 per sq ft

To me, I think the variation in price per square foot has more to do with the type of lot and the quality of finish of the house, than it does with size. Interesting.