Posted On: Sunday, August 14, 2011 - 11:33am | Posted By: Diane Hourany
Topics: Market Statistics | Tags: average dollar per square foot, distress home sales, higher priced homes, home values, MLS sales
This chart in the San Francisco Examiner shows the average cost per square foot for homes in San Francisco below $750,000 and homes above $750,000. Homes that sold below $750k saw the average dollar per square foot go down 7% since the second quarter of 2010. During that same time, homes above $750,000 went up 9% during the same time period. "...the large majority of distress home sales occur below $750k, while higher priced homes have been relatively unaffected by foreclosure and short sales...".