These numbers reinforce that in our area, the market has not recovered from the crash, there is still an oversupply of houses, or both. You can buy newer existing houses around here for ~$100 sqft, and I paid about $35/ sqft for the house I live in. There is a huge swell of new builds starting though, so either prices will go up or the builders are resigned to that profit margin.
I am readying a house to go on the market, and I'd be very happy if it went for just over $100/sqft when it sells. It is a brick house built in the 70s that will have all new roof, A/C, kitchen with granite countertops, new flooring, drywall refinished, etc..