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by CareyBot

The price per square foot of homes rose year-over-year in January in eight of 25 markets tracked by Radar Logic Inc., a real estate data and analytics company, according to a report released this week. Radar Logic's monthly RPX report, based on 28 days of price-per-square-foot data, found that the price per square foot rose most in Boston (up 15.5 percent, to $187.84 per square foot) year-over-year in January, and dropped most in Las Vegas (down 21.4 percent, to $76.18 per square foot) during that period. Overall, the composite price-per-square foot for all 25 markets dropped 4.2 percent in January, year-over-year, which the company said "corresponded to a rapid increase in motivated sales' share of total sales." The price per square foot was up 8.5 percent in San Diego, 6.5 ...