Question

Home Price Offer. Denise and Kenny are ready to make an offer on a(n) 1,700-square-foot home that is priced at $152,200. They investigate other homes on lots of similar size and find the following information.

A(n) 2,267-square-foot home sold for $189,404

A(n) 1,417-square-foot home sold for $120,069

A(n) 1,039-square-foot home sold for $89,065

What offer should they make on the home?

Answer 1

Sq. foot	Price	Price per Sq. ft
2267	$      189,404	$           83.55
1417	$      120,069	$           84.73
1039	$         89,065	$           85.72
		$        254.00
Divided by	3
Average price per Sq ft	$      84.6683
× sq ft of proposed home	1,700
Offer price	$ 143,936.05

Offer price is $143,936.05

Please rate.