You have to be careful not to be continuously shocked, or your systems may burn out. You may become numb to news that really is big.
We're conscious of all that, and kinda hate to ring the "shocker" bell too often in this rising market. But we have occasion again today with the sale at 768 26th in the Tree Section at $1.900M.
The most ridiculous way to analyze this one would be by price per square foot. Because on this 3br/2ba, 1443 sq. ft. cottage, the PPSF wound up at $1,317/PSF.
Check that. You'll typically see those kinds skewed figures only when looking at a land sale – a small house contributes almost nothing to the value that someone places on the plot, so the math gets screwy. Recent examples in the Trees are 750 30th ($1.515M, $1,308/PSF), 636…