Maybe the national price of GASOLINE at $6/gallon is too low? Maybe not... but how about comparing gasoline in liguid form to other competitive types of liquids that also have to be processed/refined? We think of gas prices as being high, but are they really high when compared to other liquids that we commonly buy which are REALLY HIGH? (Photo: Gas Station by ElasticComputerFarm from Pixabay)
Interesting. This really puts gas prices by the gallon ($/gallon) into perspective. Now apply this to home prices by square foot (price/sf) from one subdivision to the next, what really determines the home price?
Gas Prices By the Gallon - All these examples do NOT imply that gasoline is cheap; it just illustrates how outrageous some other prices are in relation to other comparable liquids.
You might be really shocked by the comparative liquids at the Mini Mart at the gasoline pump to the luquids in the cold drink section or home products aisle similar to comparables (comps) on home prices. Photo Foundry Co Pixabay
Think a gallon of gas is expensive? This makes one think, and also puts things into perspective.
Gasoline in Arizona: $5.65 per gallon
Other Liquids at Price/Gallon
Diet Snapple, 16 oz, $1.29 . . . $10.32 per gallon!
Starbucks Reg. Coffee 16 oz, $2.10 . . . $16.80 per gallon!
Lipton Ice Tea, 16 oz, $1.19 . . . $9.52 per gallon!
Gatorade, 20 oz, $1.59 . . . $10.17 per gallon!
Ocean Spray, 16 oz, $1.25 . . . $10.00 per gallon!
Brake Fluid, 12 oz, $3.15 . . . $33.60 per gallon!
Vick's Nyquil, 6 oz, $8.35 . . . $178.13 per gallon!
Pepto Bismol, 4 oz, $3.85 . . . $123.20 per gallon!
Whiteout, 7 oz, $1.39 . . . $25.42 per gallon!
Scope, 1.5 oz, $0.99 . . . $84.48 per gallon!
Evian water, 9 oz, $1.49 . . . $21.19 per gallon!
$21.19 for a gallon of WATER!! and the buyers don't even know the source!
Now when your clients ask you on comps looking at other homes Price/Sf why is this house more expensive that this other similar home think of this analogy. What drives the price....it may be in the eye of the beholder.
Are you ready to find a great home in Arizona at a competitive price/sf? Give me a call/text at 480-242-6500, I can help.
Meet Jeff Masich, REALTOR® when looking to sell or buy a home in the Phoenix Arizona metro
Meet Jeffrey Masich, REALTOR® to get started
For, the largest metro area in the state, here are all single family all detached homes for sale in the Phoenix Arizona MLS.
If you are looking to move to Phoenix including Scottsdale or other areas of Arizona to buy a home in Arizona or sell a home in Arizona, contact Jeffrey Masich, Associate Broker and REALTOR®. I would be pleased to help you and look out for your best interests while finding you the right home at the right price!
Press FREE MLS Search to search for Arizona Homes and Land for sale with a focus in Central Arizona. Separately, if you wish to focus on other areas of Arizona including Tucson, Colorado River, Flagstaff, Show Low and Mogollon Rim cities check AZHomesLand