Price per Square Foot:
Single Family Properties
Price per Square Foot (PPSF)
Price per square foot allows for a better comparison between differently priced homes as well as homes of different sizes.
It can be used to evaluate the prices of properties under consideration. That is, if the PPSF of a property is substantially above average, this should be justified by a superior location, architecture, amenities, quality of fixtures, or other advantages.
Average or Median price may change substantially if the mix of high and low priced properties changes from one month to another. PPSF will not change as much.