Comparing Condo Sale Prices per Square Foot
There are a number of ways to compare condos within a given market. One such way is compare sale prices realized per square foot. This is only one way to measure a condominium, and it is not the full story. However, we can still use this as an effective term of measurement. It is important to have a methodology in place that will ensureo ensure that the comparisons are fair and accurate. Here is a general methodology that you can follow: !.) Determine the total living area of the condominiums: To get an accurate comparison of price per square foot, you need to calculate the total living area of each condominium. This should include all rooms that can be considered living spaces, such as bedrooms, living rooms, dining rooms, and kitchens. Exclude areas such as balconies, storage spaces, and parking spots as these are not considered living areas. 2.) Obtain the sale prices of the condominiums: You can obtain the sale prices of the condominiums you are comparing from various sources s...
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