Great Time to Buy 4000 to 5000 sq ft

Sometimes strange economics apply to home pricing. For a variety of reasons, home buyers may find better value in a market at certain price points. In 2014, home values for properties have gone up significantly per square foot when the property iis between 2000 and 2500 square feet. Properties that are in the 2500 to 3000 square foot size have remained pretty steady in pricing over the past year.

Homes in the 3000 to 4000 square foot range saw a seasonal dip in the first quarter of 2014, but rebounded sharply in the second quarter of the year. At the higher end of the pricing spectrum, home prices for 4000 to 5000 square foot homes have actually declined in pricing over the past year – making that segment an excellent value.

Luxury homes over 5000 square feet have remained quite constant. These properties tend to include significant mitigating features like spectacular views or acreage that play a role in stabilizing home values.

Below is a chart that illustrates these trends. Click the graph to enlarge the view