Added: Perez Thurber - Date: 14.02.2022 16:39 - Views: 14711 - Clicks: 9751
Sure seems like everyone is looking for a deal these days, especially when it comes to buying a home. But the truth of the matter is that where a local market ranks on the value scale depends a LOT on its location.
Why is that? But, what happens when we look at the price of a home on a per square foot basis?
It levels the playing field and allows us to see how much of a bargain homebuyers can really get in different cities. And those s are definitely surprising. To help shine a little spotlight on this very important data point that every homebuyer and seller needs to conside r, we charted out the median square footage for the largest U. Check it out. That means that a square foot home in NYC is going cost you a million bucks.
On the other end of the spectrum, we have Detroit. Well, based on the non-foreclosure homes currently for sale, the median square footage is 1, sq ft…just slightly bigger than NYC. But, not to be all doom and gloom here, Detroit did get a little ray of hope on Tuesday when Case-Shiller revealed that it was the only major U. Now is that crazy or what?! Group Created with Sketch.
Back to Trulia Research.
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Location Matters – Value of a Square Foot