What's the average price per square foot of Albuquerque Houses? We'll that's a tricky question and if you ask me in person you'll get an earful! That's what happened to a woman at my open house Saturday.
First of all I have to say that I'm guilty of using the average price per square foot when I'm talking about the value of Albuquerque Homes, but I'm always careful to point out that this popular stat is not always the best yardstick to measure house values.
It's as if some people think that pricing a house is as simple as using a formula like this:
square footage X average price per square foot = house value
But that's far from the case. There are many different factors that go into proper pricing of an Albuquerque Home for Sale. Here's a short list of other factors that are important;
And you can add subjective things like appeal and "flow" to the list too.
So don't get too fond of the "average price per square foot" stat. It only tells a small part of the story.