$/sqft Comps

[CVFanGirl]

But not in my beloved Carmel Valley. Where are some statistics to back this up I wonder.

[stansd]

I ran a regression on Rancho Bernardo awhile back. I don’t remember the exact numbers, but while the price per square foot was around $300 for houses in the area, the coefficient on square footage (marginal price per square foot) was only about $100.

Basically, there is a big ante to get any kind of a house, and the marginal cost of a bigger one is much lower for many of the reasons described above (I think income thresholds also play a role…lots of families making 100k, but many fewer making 120/150, etc….roughly, then, if a 1,500 square foot house is 500k, a 2,500 square foot house would run 600k…numbers aren’t perfect since I’m working from memory, but you get the idea.

Stan

[stansd]

I ran a regression on Rancho Bernardo awhile back. I don’t remember the exact numbers, but while the price per square foot was around $300 for houses in the area, the coefficient on square footage (marginal price per square foot) was only about $100.

Basically, there is a big ante to get any kind of a house, and the marginal cost of a bigger one is much lower for many of the reasons described above (I think income thresholds also play a role…lots of families making 100k, but many fewer making 120/150, etc….roughly, then, if a 1,500 square foot house is 500k, a 2,500 square foot house would run 600k…numbers aren’t perfect since I’m working from memory, but you get the idea.

Stan

[stansd]

I ran a regression on Rancho Bernardo awhile back. I don’t remember the exact numbers, but while the price per square foot was around $300 for houses in the area, the coefficient on square footage (marginal price per square foot) was only about $100.

Basically, there is a big ante to get any kind of a house, and the marginal cost of a bigger one is much lower for many of the reasons described above (I think income thresholds also play a role…lots of families making 100k, but many fewer making 120/150, etc….roughly, then, if a 1,500 square foot house is 500k, a 2,500 square foot house would run 600k…numbers aren’t perfect since I’m working from memory, but you get the idea.

Stan

[stansd]

I ran a regression on Rancho Bernardo awhile back. I don’t remember the exact numbers, but while the price per square foot was around $300 for houses in the area, the coefficient on square footage (marginal price per square foot) was only about $100.

Basically, there is a big ante to get any kind of a house, and the marginal cost of a bigger one is much lower for many of the reasons described above (I think income thresholds also play a role…lots of families making 100k, but many fewer making 120/150, etc….roughly, then, if a 1,500 square foot house is 500k, a 2,500 square foot house would run 600k…numbers aren’t perfect since I’m working from memory, but you get the idea.

Stan

[stansd]

I ran a regression on Rancho Bernardo awhile back. I don’t remember the exact numbers, but while the price per square foot was around $300 for houses in the area, the coefficient on square footage (marginal price per square foot) was only about $100.

Basically, there is a big ante to get any kind of a house, and the marginal cost of a bigger one is much lower for many of the reasons described above (I think income thresholds also play a role…lots of families making 100k, but many fewer making 120/150, etc….roughly, then, if a 1,500 square foot house is 500k, a 2,500 square foot house would run 600k…numbers aren’t perfect since I’m working from memory, but you get the idea.

Stan

[XBoxBoy]

The value of square foot comps depends a lot on location. In a subdivision where the homes are mostly the same, sq ft comps are very relevant. In an area like La Jolla, where every house is different, and there are significant differences in the desirability of particular areas, the sq ft comps become much less relevant.

Looking at SDLookup.com for La Jolla, sfr’s PPSF varies from $305 to $5995 Obviously a huge varience. I don’t know enough about other areas to pick a good example of a zipcode with most houses being similar, so perhaps someone can provide a good example from Temecula or other area.

XBoxBoy

[XBoxBoy]

The value of square foot comps depends a lot on location. In a subdivision where the homes are mostly the same, sq ft comps are very relevant. In an area like La Jolla, where every house is different, and there are significant differences in the desirability of particular areas, the sq ft comps become much less relevant.

Looking at SDLookup.com for La Jolla, sfr’s PPSF varies from $305 to $5995 Obviously a huge varience. I don’t know enough about other areas to pick a good example of a zipcode with most houses being similar, so perhaps someone can provide a good example from Temecula or other area.

XBoxBoy

[XBoxBoy]

The value of square foot comps depends a lot on location. In a subdivision where the homes are mostly the same, sq ft comps are very relevant. In an area like La Jolla, where every house is different, and there are significant differences in the desirability of particular areas, the sq ft comps become much less relevant.

Looking at SDLookup.com for La Jolla, sfr’s PPSF varies from $305 to $5995 Obviously a huge varience. I don’t know enough about other areas to pick a good example of a zipcode with most houses being similar, so perhaps someone can provide a good example from Temecula or other area.

XBoxBoy

[XBoxBoy]

The value of square foot comps depends a lot on location. In a subdivision where the homes are mostly the same, sq ft comps are very relevant. In an area like La Jolla, where every house is different, and there are significant differences in the desirability of particular areas, the sq ft comps become much less relevant.

Looking at SDLookup.com for La Jolla, sfr’s PPSF varies from $305 to $5995 Obviously a huge varience. I don’t know enough about other areas to pick a good example of a zipcode with most houses being similar, so perhaps someone can provide a good example from Temecula or other area.

XBoxBoy

[XBoxBoy]

The value of square foot comps depends a lot on location. In a subdivision where the homes are mostly the same, sq ft comps are very relevant. In an area like La Jolla, where every house is different, and there are significant differences in the desirability of particular areas, the sq ft comps become much less relevant.

Looking at SDLookup.com for La Jolla, sfr’s PPSF varies from $305 to $5995 Obviously a huge varience. I don’t know enough about other areas to pick a good example of a zipcode with most houses being similar, so perhaps someone can provide a good example from Temecula or other area.

XBoxBoy

[Author]

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