Definition of Price/Square Foot ($/Sq. Ft.):
Orange County Price Per Square Foot:
This is the sales price of the home divided by the number of finished square feet of the house. It determines how much a buyer will pay for a square foot of space and is helpful when comparing the sold prices of several homes of similar size, especially when being used for a comparative market analysis. Your BanCorp REALTOR® will always use the best comparable sales for determining the correct price to market your home.
If the sales price of the home was $600,000 and it was 3,000 square feet, the price per square feet would be $200 (600,000/3,000). If the sales price of the home was $750,000 and it was 3,300 square feet the price per square would be $227 (750,000/3,300).