Price per square foot
When you’re looking at price per sq ft for a given neighborhood or city it’s important to remember that there is economics of scale when it comes to square footage. What this means is properties that are smaller are generally going to have a much higher price per square foot than homes that are larger in the same neighborhood.
So next time you’re looking at homes in the same neighborhood keep that in mind.
And I’m, Daniel. Your friend in Real Estate.