Last week someone asked me about the price of homes in Viera, Florida now. Actually their question was "What is the selling price per square foot of homes in Viera now?
For those who are not familiar with this method of computation it is simply the price of a property divided by the square foot under air measurement. For example, a $200,000 home that has 2000 sq.ft. of air conditioned space would be $100/ft² ($200,000 ÷ 2,000).
Using this method to make a generalization about home prices has its limitations. The reason is simple.
Other factors can influence the cost per square foot could be the
differences in materials, location, when it was built, etc. If a home
is custom built or a tract home/cookie cutter plan the per foot costs
can be different.
And the location will impact price such as in Fairway Lakes at Viera on the Duran Golf Course. Or if is located within a gated community or has water frontage.
When asking about home prices it is best to consider location and quality. Make it an apples to apples comparison otherwise price per square foot is of little value in price comparisons.
For information on home prices and homes for sale in Viera, Florida, please gvie me a call or send me an email.
Image courtesy of Suvro Datta at FreeDigitalPhotos.net