Timeline for Competitive Market Analysis when have to extrapolate price per acre and price per square foot of building?
Current License: CC BY-SA 4.0
4 events
| when toggle format | what | by | license | comment | |
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| Aug 18, 2020 at 7:17 | vote | accept | user4910112 | ||
| Aug 18, 2020 at 6:17 | comment | added | Justin Cave | @user389238 - No idea what new construction costs in your particular area (particularly once you factor in permitting and time). If zoning regulations say that you need a 1 acre lot to build a house, you could potentially treat the first acre as part of the house cost in your equations. | |
| Aug 18, 2020 at 5:31 | comment | added | user4910112 | Thank you, just played with the calculator! Isn't $460.38/sqft significantly higher than average costs for new construction single family homes in SF Bay area? I imagine that used structure should be cheaper. Or maybe market is simply overbidding for the building structure at this time? The implied land price per acre seems on the low side so I guess $44,430/acre is average price when buying more than just few acres. | |
| Aug 18, 2020 at 1:24 | history | answered | Justin Cave | CC BY-SA 4.0 |