Near the benchmark price, a buyer typically has a choice between an older, well-located home closer to downtown and Broadway, or a newer, larger home further out in a suburb like Stonebridge or Willowgrove. Older homes usually cost less per square foot but carry more deferred maintenance, while newer builds cost more but need less work in the first several years.
Condition and permitted improvements swing the comparison more than the listing price alone. A dated exterior can hide a fully renovated interior, and public records rarely capture unpermitted work, so two homes at the same price can offer very different value once you look past the photos.
That gap between what a home shows online and what it is actually worth is exactly what a hand-reviewed valuation is built to close, whether you are buying or selling.
Get your hand-reviewed valuation from Joel Dyck.