Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago,

User Stats

36
Posts
8
Votes
David Boykin
  • Real Estate Consultant
  • Augusta, GA
8
Votes |
36
Posts

Comps when square footage is far less than target property

David Boykin
  • Real Estate Consultant
  • Augusta, GA
Posted

How do you pull comps when all recent sales in the target neighborhood are smaller than the target property? I'm looking at a 2200 sq ft house in an area where nearly all recent sales are closer to 1500 sq ft. All are 3/2s. I'm concerned that using even the lowest price per square foot results in an amount ($146k) far greater than any recent sale. Do prices cap out at a certain point despite having more square footage?

Here's the recent sales in the area.

Price Sq Ft Price per Sq Ft BR BA
$ 116,800 1756 $ 66.51 3 2
$ 111,900 1492 $ 75.00 3 2
$ 114,900 1500 $ 76.60 3 2
$ 130,000 1734 $ 74.97 3 2
$ 129,900 1583 $ 82.06 3 2

Loading replies...