Author Topic: What is your house value per square foot?  (Read 12924 times)

honobob

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What is your house value per square foot?
« on: September 07, 2013, 11:26:48 PM »
http://www.huffingtonpost.com/2013/09/06/marissa-mayer-most-expensive-house_n_3882238.html?icid=maing-grid7%7Chtmlws-main-bb%7Cdl4%7Csec1_lnk3%26pLid%3D370867

Wow $3182 per square foot.  I thought my $1,111 per square foot was high but then it only has one parking,  This place has 4 so that alone is worth close to $10,000,000 in that neighborhood.  Check how close the neighbors houses are.  Those billionaires are literally rubbing elbows.  Gotta love SF real estate.
« Last Edit: September 08, 2013, 06:03:38 PM by honobob »

NinetyFour

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Re: What is you house value per square foot?
« Reply #1 on: September 08, 2013, 07:55:51 AM »
My house was recently appraised at $295,000, and the square footage is about 1200, so that's $246 per square foot.

The house to the south is 26 inches away from mine, so we sub-millionares are rubbing elbows as well.  Cozy that way.

jpo

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Re: What is you house value per square foot?
« Reply #2 on: September 08, 2013, 08:02:10 AM »
We just bought at $139/foot, which is expensive for the area.

ender

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Re: What is you house value per square foot?
« Reply #3 on: September 08, 2013, 11:42:14 AM »
This thread is going to make the differences in home ownership costs in different areas of the country absurdly obvious.

secondcor521

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Re: What is you house value per square foot?
« Reply #4 on: September 08, 2013, 11:59:49 AM »
^ Yup.  $96.13 per square foot here, which is probably slightly below average.

lithy

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Re: What is you house value per square foot?
« Reply #5 on: September 08, 2013, 12:01:58 PM »
$55,700 for 936 sq ft is $59.51/sq ft.  And that only counts the main level not the semi-finished basement and the integral 2 car garage which doubles our square footage.

Cecil

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Re: What is you house value per square foot?
« Reply #6 on: September 08, 2013, 12:09:10 PM »
Our 852 sqft condo was appraised this year at $235,000 - or $276 per square foot.

And that's in the suburbs.

mc6

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Re: What is you house value per square foot?
« Reply #7 on: September 08, 2013, 01:53:22 PM »
$211 in my ritzy-titzy 'hood.

Theadyn

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Re: What is you house value per square foot?
« Reply #8 on: September 08, 2013, 01:54:50 PM »
$84.25 /sq ft

Kriegsspiel

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Re: What is you house value per square foot?
« Reply #9 on: September 08, 2013, 04:15:16 PM »
Can you all say what location your pad is in? It will make the numbers more meaningful.

meadow lark

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Re: What is you house value per square foot?
« Reply #10 on: September 08, 2013, 05:45:47 PM »
The house we are buying in downtown Albuquerque is $105.

Frankies Girl

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Re: What is your house value per square foot?
« Reply #11 on: September 08, 2013, 06:20:36 PM »
$73/sq ft in a middle class burb in Houston, TX

NinetyFour

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Re: What is you house value per square foot?
« Reply #12 on: September 08, 2013, 06:27:49 PM »
My house was recently appraised at $295,000, and the square footage is about 1200, so that's $246 per square foot.

The house to the south is 26 inches away from mine, so we sub-millionares are rubbing elbows as well.  Cozy that way.

This is in southwest Colorado.  It's a pretty popular town for rich retirees, so the housing is high.

kendallf

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Re: What is your house value per square foot?
« Reply #13 on: September 08, 2013, 07:02:43 PM »
I paid $35,500 for our 1074 sq. ft. house in Jacksonville, FL earlier this year.  That's $33/sqft.  The guys who own several houses in that area told me they would've offered less; they picked up one about the same size two years ago for $18k.

Undecided

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Re: What is your house value per square foot?
« Reply #14 on: September 08, 2013, 07:12:09 PM »
Sold one last year at ~$650/sf and bought another at ~$175/sf (on a lot three times as large).

Zaga

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Re: What is your house value per square foot?
« Reply #15 on: September 08, 2013, 07:21:28 PM »
Not exactly sure of the value because this house was last bought in 1970, but I *think* we're somewhere between $60 and $100 a sq ft.

That's in a 2500 sq ft ranch, with that much space again in the basement that doesn't count because of ceiling height.  Also, a little over one acre of land.  All this an hour outside of Pittsburgh, PA.  This county is super cheap to buy property in, there's a 10% vacancy rate in housing.

honobob

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Re: What is you house value per square foot?
« Reply #16 on: September 08, 2013, 07:25:41 PM »
Can you all say what location your pad is in? It will make the numbers more meaningful.
My $1111 is on the beach outside Waikiki.  Properties on the other side of Kapiolani Park are in the $650 range.  These are both condos. My CA sfh is in the $600 range.

makincaid

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Re: What is your house value per square foot?
« Reply #17 on: September 09, 2013, 06:32:10 AM »
$75 per square foot here in North metro Atlanta.

Another Reader

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Re: What is your house value per square foot?
« Reply #18 on: September 09, 2013, 07:49:32 AM »
The more important question for someone with Honobob's investing approach is how much equity per square foot does he have?  Also, how much annual cash flow per square foot does he receive?

ace1224

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Re: What is your house value per square foot?
« Reply #19 on: September 09, 2013, 07:51:12 AM »
102 per sq foot in southeastern nc

honobob

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Re: What is your house value per square foot?
« Reply #20 on: September 09, 2013, 09:36:17 AM »
The more important question for someone with Honobob's investing approach is how much equity per square foot does he have?  Also, how much annual cash flow per square foot does he receive?
  Hey, start your own poll! But I'll start it off here as I have hobnobs investing approach.  Don't care about equity per sf.  I'll gladly buy at 100% financing with the right terms.  No equity but I control the property.  Hell, I'll take one of dem 125% finances.  For every $100,000 worth of property I control I get $25,000 in my pocket!  Wahoo!

More important to me is equity GROWTH and cash flow GROWTH.  About 9-11% and 6-7%.   But to give you some perspective without doing any complimacated figgering, on one of my properties I have $1111 equity per sf and the cash flow is $44 per sf. 

totoro

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Re: What is your house value per square foot?
« Reply #21 on: September 09, 2013, 09:53:28 AM »
1. 313/square foot (triplex)
2. 269/square foot (duplex)
3. 262/square foot (triplex)

Houses are expensive where I live. 

jrs

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Re: What is your house value per square foot?
« Reply #22 on: September 09, 2013, 09:57:46 AM »
Las Vegas, bought at $90/sqft earlier this year.  Neighborhood is currently ballpark $110-$120/sqft (with some as high as $150).

Spudd

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Re: What is your house value per square foot?
« Reply #23 on: September 09, 2013, 12:22:55 PM »
Mine is around $675/sq ft not counting the basement (as is standard in stating house square footage around here). Toronto, Canada.

Rural

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Re: What is your house value per square foot?
« Reply #24 on: September 09, 2013, 03:13:51 PM »
No clue at all on the value, but it cost us $33.69/ sq. ft to build over the last four years. That's house only, not land or barn. We're rural Southeast.

Edited to correct ipad corrections
« Last Edit: September 09, 2013, 03:51:37 PM by Rural »

freelancerNfulltimer

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Re: What is your house value per square foot?
« Reply #25 on: September 09, 2013, 03:32:16 PM »
North Florida

Condo bought in 2006 - $100/sqft by the purchase price. But that doesn't factor in the extra expense of condo dues, though not sure how you would do the math on that.

Historic Home in area of town that holds on to value well - $100/sqft when you include the square footage of the garage apartment which I rent out.


Myrmida

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Re: What is your house value per square foot?
« Reply #26 on: September 13, 2013, 09:52:18 AM »
$500/sq ft, not including the basement (that's how square footage is stated here) in Calgary, Canada.

aj_yooper

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Re: What is your house value per square foot?
« Reply #27 on: September 13, 2013, 09:54:52 AM »
About $80/square foot in Illinois.

Jack

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Re: What is your house value per square foot?
« Reply #28 on: September 13, 2013, 11:16:08 AM »
$75 per square foot here in North metro Atlanta.

$77 per square foot in in-town Atlanta (between the center of the city and Decatur)

If you go a mile north from me the values are probably triple that, at least.

Dicey

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Re: What is your house value per square foot?
« Reply #29 on: September 13, 2013, 11:46:51 AM »
Just paid $350/sf for a very-nice-but-not-crazy 6-yo single family 4BD+3BA in Walnut Creek, CA (NorCal).

Own another in Palm Desert, CA (SoCal). 10-yo 3BD+3BA single family in a resort area worth $166/sf.

The new one is not twice as nice, but it's three blocks from DH's office. Location cubed, etc.

ketchup

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Re: What is your house value per square foot?
« Reply #30 on: September 13, 2013, 11:53:34 AM »
Paid $37/sqft for my little 500 sqft rental house, probably worth about $50/sqft by now.  Western Chicago suburbs.

marty998

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Re: What is your house value per square foot?
« Reply #31 on: September 13, 2013, 04:47:10 PM »
Paid $37/sqft for my little 500 sqft rental house, probably worth about $50/sqft by now.  Western Chicago suburbs.

Oh dear lord I feel shite now. $415,000 for 77m2. I think that makes it $501 per sqft. in your language for a unit in the outskirts of Sydney.

Dicey

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Re: What is your house value per square foot?
« Reply #32 on: September 15, 2013, 12:49:25 PM »

Oh dear lord I feel shite now. $415,000 for 77m2. I think that makes it $501 per sqft. in your language for a unit in the outskirts of Sydney.
No need to feel shite, you live in OZ!! You can take extreme comfort in the fact that the demand will always be high to be in your area. Sure, the RE market will have its ups & downs, but all you have to do is stay the course and you'll be fine. In ten or twenty years, you'll laugh at how cheap your place was when you bought it.

marty998

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Re: What is your house value per square foot?
« Reply #33 on: September 15, 2013, 03:50:14 PM »
No need to tell me Diane, I know that :)

It's just that I can't quite believe the real estate numbers that some of these US residents post. Sometimes I just shake my head in disbelief when I read about cars being purchased for higher amounts than houses.

A lot of the value over here is driven by poor planning and poor government. Commutes are so long and cumbersome that people will pay several hundred thousand more for homes closer to the centre of the city.

The price is always worth it.

prosaic

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Re: What is your house value per square foot?
« Reply #34 on: September 15, 2013, 05:09:31 PM »
$212/sf in metrowest Boston, 25 miles west of the city (40 minute drive in good conditions, 2-2.5 hour drive at rush hour).

dorothyc

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Re: What is your house value per square foot?
« Reply #35 on: September 15, 2013, 05:56:21 PM »

It's just that I can't quite believe the real estate numbers that some of these US residents post.

I can make you feel better - 3 bed 2 bath single family home here in San Fernando area of Los Angeles. Working off current zillow estimate for price and 1700 liveable square feet (not counting the attached two car garage) I'm right at 430 dollars a square foot. Even at the price I bought the place at in 1997, my square foot cost would have been $175.

Edited to add: and I still have a 19 mile one way commute
« Last Edit: September 15, 2013, 06:02:40 PM by dorothyc »

expatartist

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Re: What is your house value per square foot?
« Reply #36 on: September 15, 2013, 06:48:11 PM »
Southern Sicily: Current holiday flat in small town ~ US$53 per sq foot

For our next property in the region (could be Greece or Italy) in a larger town/city, we're looking for a place under 500 Euro per square meter, so I guess under $65 per sq foot or so.

zinethstache

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Re: What is your house value per square foot?
« Reply #37 on: September 16, 2013, 04:40:35 PM »
1. primary residence - $161/sf bought for $95/sf many years ago
2. duplex (1987) - $105/sf
3. duplex (1925) - $76/sf

Duplexes are newish purchases and we paid a little less than their appraisals. the above are appraisal prices.

dragoncar

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Re: What is your house value per square foot?
« Reply #38 on: September 16, 2013, 04:48:28 PM »
I estimate I'm living in $1000/sqf of non-luxury.

burly

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Re: What is your house value per square foot?
« Reply #39 on: September 16, 2013, 06:13:52 PM »
$150/sqft but I have a double lot too.. Located in Northeast PA

Solo

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Re: What is your house value per square foot?
« Reply #40 on: September 16, 2013, 09:03:05 PM »
Primary Home: $312/sf NYC Suburb
Second Home: $725/sf Manhattan

hybrid

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Re: What is your house value per square foot?
« Reply #41 on: September 17, 2013, 12:49:51 PM »
Chesterfield County, a suburb of Richmond VA

$73 a SF on 2400 SF total.  A diamond in the rough as far as neighborhoods go, not as close to the best schools and shopping (neither a factor for me), but a beautiful neighborhood.
$66 a SF on 1300 SF rental condo in same county.

Compared to the nearby Washington DC area, Richmond has a much lower cost of living.  It's a Mustachian kinda town IMO, sort of like how Longmont compares to pricier areas near MMM.

escolegrove

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Re: What is your house value per square foot?
« Reply #42 on: September 18, 2013, 12:24:03 PM »
Central Valley California- $98 a sqft bought May 2013
Charleston- $55.72sqft Nov. 2012 $65.45 Aug. 2012
Virginia Beach- $148.67 Oct. 2011

Dicey

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Re: What is your house value per square foot?
« Reply #43 on: September 18, 2013, 11:58:02 PM »
I estimate I'm living in $1000/sqf of non-luxury.
Sounds like San Francisco or thereabouts.

lhamo

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Re: What is your house value per square foot?
« Reply #44 on: September 19, 2013, 05:27:45 AM »
Nice condo in an upscale development in Beijing.  Roughly $845/sq ft counting the total area we paid for (which includes about 800sq ft of common areas/exterior porches).  Goes up to about $1140/sq ft if you only count actual livable space. 

This apartment is our big lottery ticket in the sky.  If my promotion doesn't come through I am going to start focusing my attention on convincing my DH to sell and FIRE.


Ottawa

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Re: What is your house value per square foot?
« Reply #45 on: September 19, 2013, 06:38:34 AM »
I've noticed a few fellow Canadians say that basement footage doesn't count.  While strangely this is true...should it be?  I mean, we spend alot of time in our basement - our office, workshop, family room (TV setup), toy play area, laundry, Mustachian Brewery!  If the basement didn't exist - we would need a 'bigger' house.  So, intuitively it makes no sense to NOT count the basement.  Therefore I will! 

Our 'triple level' home (basement, ground level, upper level) are approximately 550, 550, 600 square feet (Total = 1700 sq/ft).  Selling price of similar are around 290K.  So, we are about $170/sqft.  That is within Ottawa's greenbelt (i.e. not an outlying commuter community) and biking distance to both Mrs and Mr Ottawa's jobs.

Mississippi Mudstache

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Re: What is your house value per square foot?
« Reply #46 on: September 19, 2013, 09:08:04 AM »
$73/sq.ft. on 1700 total sq.ft. It's actually well above-average for our area, because we live in a smaller house than most of our neighbors, but the house is a recently re-modeled bungalow with a larger-than-average lot and lots of garage space.

Zaga

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Re: What is your house value per square foot?
« Reply #47 on: September 19, 2013, 04:28:44 PM »
I've noticed a few fellow Canadians say that basement footage doesn't count.  While strangely this is true...should it be?  I mean, we spend alot of time in our basement - our office, workshop, family room (TV setup), toy play area, laundry, Mustachian Brewery!  If the basement didn't exist - we would need a 'bigger' house.  So, intuitively it makes no sense to NOT count the basement.  Therefore I will! 

Our 'triple level' home (basement, ground level, upper level) are approximately 550, 550, 600 square feet (Total = 1700 sq/ft).  Selling price of similar are around 290K.  So, we are about $170/sqft.  That is within Ottawa's greenbelt (i.e. not an outlying commuter community) and biking distance to both Mrs and Mr Ottawa's jobs.
I believe this depends on various factors.  If the ceiling is lower than a certain level, which most basements are, then the basement doesn't count.  Then, there also needs to be some sort of emergency exit, either walk out or window.  I think to count it also has to be connected to the heating and cooling, but I'm not sure about that.

Roses

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Re: What is your house value per square foot?
« Reply #48 on: September 19, 2013, 05:23:31 PM »
$275/sf for a 90 year old 3 bd 2 ba in NE Seattle. 

Roses

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Re: What is your house value per square foot?
« Reply #49 on: September 19, 2013, 05:25:48 PM »
The more important question for someone with Honobob's investing approach is how much equity per square foot does he have?  Also, how much annual cash flow per square foot does he receive?
  Hey, start your own poll! But I'll start it off here as I have hobnobs investing approach.  Don't care about equity per sf.  I'll gladly buy at 100% financing with the right terms.  No equity but I control the property.  Hell, I'll take one of dem 125% finances.  For every $100,000 worth of property I control I get $25,000 in my pocket!  Wahoo!

More important to me is equity GROWTH and cash flow GROWTH.  About 9-11% and 6-7%.   But to give you some perspective without doing any complimacated figgering, on one of my properties I have $1111 equity per sf and the cash flow is $44 per sf.

Honobob, where do you go to find the growth percentage stats for past years?  I want to look up my area.  Thanks.