We're using price per square foot. We are a member of the MLS, so we have every home and condo for sale.
You know what looks crazy? Not factoring in size. We did it and it looked really goofy.
(I'm the founder of Estately)
You know what looks crazy? Not factoring in size. We did it and it looked really goofy.
(I'm the founder of Estately)
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).
I lobbied to put both on here, but then you end up with an unreadable map.
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.)