Most important factors of sale price

[Aaron Xie]

I found that in the Greater LA Area, in a given neighborhood or community, house price is usually determined by two factors: (1) the square footage of the house and (2) the condition of the house. Lot size has some impact, but not as important as the first two factors. That's opposite to my experience from other markets. Shouldn't land be the most important and most expensive factor? 

[Manolo D.]

This is LA, you can't compare it to anywhere else.