Luxury Homes buck the Price per Square Foot trend

Wednesday we looked at a chart showing the Price per Square Foot decreased as the size of the home increased. Well, notice how that changes when you get to the luxury market!

Larger homes may carry a smaller price per square foot - within the same neighborhood - but the neighborhood itself carries a premium for the area, amenities, and finishes that are more desirable than the lower-priced neighborhoods. This is why you see the price per square foot increasing sharply, even for homes > 5,000 square feet.

- Chris Butterworth

 

Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.