Everyday I hear people quote price per square foot as a reference to what a property is worth, as if it were written in stone. Price per square foot should only be used to generalize. To get a "ball park" idea. There are so many other factors that come into play when determining what a property is worth. If you are absolute in your value estimates using price per sq.ft., I guarantee you that you will lose money in the end!
Lawrence A. Walsh