Recent square-foot pricing can help you tell the difference between high and overpriced.
If a home's price in Normandy Park, WA feels high, the real question is whether it is high for a reason or simply high. I would answer that by checking the recent local price per square foot before I react to the total asking price.
Over the previous 30 days, a typical closed sale came in at $486 per square foot, with a typical home size of 2,695 square feet. That gives me a clean first test for whether an asking price is lining up with the recent market or asking you to ignore it. A large home can still look expensive even when it is fairly priced, while a smaller home can look manageable but be overpriced on a square-foot basis. That is why I use the overall price and the square-foot figure together when I evaluate homes in Normandy Park, WA. Check the square-foot pricing before you get attached. Compare the home's size to the recent typical size so you are not fooled by presentation alone. Then decide whether the asking number deserves your next step.
About Mike Rudnev
Mike Rudnev is a licensed Real Estate Professional affiliated with eXp Realty, specializing in the Normandy Park market. With a focus on strategic marketing and deep local knowledge, Mike Rudnev provides clients with expert guidance in navigating complex real estate transactions. View full profile →
