When you are purchasing a Charlottesville home, one of the figures that you may look at will be price per square foot.
Comparing the price per square foot between two properties may point out which home is the better deal. It can also be one factor in determining if a home is priced correctly and can help you determine how much to offer. In Central Virginia during the first three quarters this year the average price per square foot was $140.00. Compare with $148.00 per square foot for Albemarle County and $163 per square foot for the city of Charlottesville,
Yesterday's Wall Street Journal had an article on the seven most expensive residential real estate transactions this year. The most expensive home sold for $141 million dollars US and contained 24,970 square feet. Of the 7 the most expensive price per square foot was $55,759. That makes our cost per square foot sound like quite a bargain.
