If the "depth" of a property decreases, it will likely make the "price per square foot" higher. For example, a residential lot that is 60 feet wide and 200 feet deep (12,000 square feet total) might be worth $30 per square foot. If the depth decreases by 50 feet, the lot would still be worth $360,000 but the price per square foot would go up to $40.
These are questions that the above text answers:
1. What is the impact of decreasing property depth on the price per square foot?
2. How does a decrease in property depth affect the value of a residential lot?
3. Can the price per square foot increase if the depth of a property decreases?
4. What is the value of a residential lot with a depth of 200 feet and a width of 60 feet?
5. How much would a residential lot be worth if its depth decreased by 50 feet?
6. What is the total square footage of a residential lot with a depth of 200 feet and a width of 60 feet?
7. How does the price per square foot change when the depth of a property decreases by 50 feet?
8. Does the value of a property change if its depth decreases?
9. How does the decrease in property depth affect the overall value of a lot?