Finding the cost to build

[Account Closed]

I've read that a good indicator of the current market phase is the price to buy a new property in relation to the price to build a comparable property new. The general idea being that if it costs more to buy an existing property than it does to build, the market is likely very saturated. My question is this: how would one go about finding / estimating the price to build a new property?

[Dustin Twiggs]

ah, that makes sense to me.

as far as cost to build a new property, its going to vary so much from region to region. You could likely call local contractors, etc. to ask what an estimated current cost per square foot is in the region you're specifically interested in.  the most recent numbers I saw for where I want to build are $100-120/sq ft but that area seems inexpensive compared to where I live (Tacoma-Seattle)