There are many methods to analyze the value of real property. A common practice is to discuss price per square foot. That is one good tool to establish a value however it should not be the only one. How big is the lot? How is the landscaping? How many trees and what type? What is the lot like? Overall condition of interior/exterior? Who designed the house? How good or bad is the floor plan? What is going on with the school district? What amenities are found within walking distance? How is the overall street where this property is located?
There are times when price per foot answers enough questions to make the offer or price the property. However the use of "price per foot" is often the only 'system' used in pricing and there could be more to it.
If you are a buyer and have seen a lot of properties for sale you know valuations better than the future Appraiser.
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