Episode notes
Charlie Johnson unpacks why “price per square foot” can point you in the wrong direction—and how to use it the right way.
– PPSF = sale price ÷ living area; quick, but not value by itself
– Not all square feet are equal: updates, layout, construction quality, location, lot size, pools/garages all shift value 📏
– Some spaces aren’t counted in GLA (e.g., many finished basements are below grade)
– Appraisers use PPSF as a secondary check after market-supported adjustments for condition, amenities, and appeal
📌 Appraisers: Treat PPSF as a cross-check; lean on paired sales and local standards (especially for below-grade/bonus areas).
📌 Buyers/Sellers: Look past the number—verify what’s included in square footage and compare true like-for-like comps.
Price per s ...