Neighborhoods with homes of different styles, sizes, and ages resist an analysis of "comparables” as a means of setting a home’s asking price. If so, it may help to consider square footage as another tool to help you price your home. Add up the total square footage of recently sold homes in the neighborhood, and divide by the number of dwellings to get each home’s average square footage. Add all the houses’ selling prices, and divide by the number of homes to get the average sold price. Divide the average sold price by the average square foot to get the average price per square foot. Multiply the average price per square foot by your home’s square footage.
We hope you found this topic to be both interesting and informative. When determining the highest and best asking price for a property, CENTURY 21 SEXTON & DONOHUE uses the most up-to-date information. We are here to assure that you will receive the best representation in the market. To learn more, contact us today at (781) 665-6660. The office is conveniently located at 29 Essex St., just across the street from Shaw’s. We are "A Team Effort”.You will benefit from our real estate knowledge and experience!
HINT: The preferred method of pricing a home involves a professional review and analysis of the sale prices of recently sold comparable homes ("comps”) in the immediate neighborhood.
CENTURY 21 Sexton & Donohue
