[erentz]

Where is this? In Seattle the cost of construction is around $250-300 per sqft assuming mid-range quality of materials and a flat(-ish) site. You'd need to spend between $200-$500k to buy a lot in Seattle. So a reasonable 2,000 sqft house is going to be anywhere from 70-50% of the cost.

[CapitalistCartr]

That's a new house. The weird thing is how often old houses don't sell for much more than an empty lot in single-family home neighborhoods. Although I'm not familiar with Seattle. I've lived in various parts of Florida, Denver (long ago), Michigan, Texas, etc. Mostly Sunbelt.

[Thrillington]

There's not many vacant residential lots within city limits in Seattle, but the ones out there are definitely cheaper than buying a lot with a home, new or old, on it.

[ksec]

Is that the cost for house? Do you have any data on building prices per sqft for High rise building?

[erentz]

Yep that's for a house. I don't have any costs for high rises.