Pricing Custom Homes in Changing Subdivisions

Pricing Custom Homes In Changing Subdivisions
At The Request Of Jeanne Stroda: How To Price Custom Built Higher Quality Homes In Subdivisions That Were Started, Few Homes Built And Then Remaining Lots Sold To Builders Where Size & Quality Were Drastically Lowered, Such As In Acadiana Of Ascension 70737
Accurate Valuations Group Visit www.BatonRougeRealEstateBuzz.com Today
Not Much Market Direction On This For Homes Over 2,400sf, but there is for homes in 2,200sf range Let Me Explain..
Market Is Showing
On Average, Market Is Showing Sales Prices of $14/sf Less Than Market The Most Severe Impact In ALL of Greater Baton Rouge Is In Acadiana Of Ascension Subdivision Establising A Listing Price In Better 2013-2014 Market May Begin At $8/sf to $10/sf +/- Less Than Market And Stair Step Downward Upon Motivation
Accurate Valuations Group
Visit www.BatonRougeRealEstateBuzz.com Today
Acadiana Of Ascension
I Appraised 2 St. Jude Dream Homes 73 Total Lots Initial 8 Homes Were 2300sf to 3,408sf Custom Homes at $130/sf to $141/sf or 11% of All Homes Remaing 89% or 65+/- Lots Sold, 1731sf to 2210sf Homes Built Sold at $94/sf to $112/sf MEANING if 89% of ALL Homes in AofA Are Lower Quality, Then This CERTAINLY Impacts The First 8 Homes Only 5 Homes Are Over 2900sf
Also in Acadiana Of Asc.

Also, I searched Legal News and found NO private sales of larger homes. Also Searched Current Listings and FSBOBR.COM What I Found Is These Original 8 Have Not Sold!
New Home In Acadiana of Asc.

13340 Fleur De Lis 2,100sf 7/4/3 Sold $225,000 or $107.14, Took 1772 Days To Sell, Builder Was Morales
Comparable Homes In Competing Subds With No Lower Quality Homes Sold For $126/sf This Home Sold for $19/sf Less or -15% Less
Resale In Acadiana of Asc.

13296 Rue Maison 2,332sf 7/4/3 Sold $329,000 $141/sf In 2008, Lake Lot, Resold $250,000 $107/sf in 2012.
Comparable Homes In Competing Subds With No Lower Quality Homes Sold For $130/sf +/ This Home Sold for $23/sf Less or -18% Less
Resale In Acadiana of Asc.

38446 Rue Chateau 2,210sf 7/4/3 Lot Sold $74,000 2008, Resold $252,000 $114/sf in 2013.
New Home In Harbor Crossing

39412 Oceanview 2,374sf 7/4/3, Listed $292,900 $123/sf, Sold $249,900 $105/sf, Took 697 Days To Sell, Builder Was Fetzer
Comparable Homes In Competing Subds With No Lower Quality Homes Sold For $128/sf This Home Sold for $23/sf Less or -18% Less
Resale In Harbor Crossing

39292 Seaside Ln 2,615sf 8/5/3 Sold In 2011 $296,750 or $113/sf Resold For $308,000 $118/sf in 2012. Sold For More!
Resale: Juban Parc Denham Springs

11387 Rossow Ct 1,702sf 6/3/2.5 Sold $199,900 $117/sf 2009, Resold $165,000 $97/sf in 2012. Pre-Listing Appraisal For 2012 Sale
Resale: Woodstock In Central

4877 Woodstock Way 1,837sf 7/3/2 Custom Built Home In 2011, Lake Lot Sold For $224,900 $122/sf in 2013.
Resale: Woodstock In Central

4861 Woodstock Way 2,907sf 8/4/3 Custom Built Home In 2009, Lake Lot, IG Pool, Many Extras Sold For $355,000 $122/sf in 10/2012.
Market Is Showing
Ascension: Sold For $19/sf Less Ascension: Sold For $23/sf Less Ascension: Sold For $14/sf Less Ascension: Sold For $23/sf Less Ascension: Sold For $5/sf MORE Livingston: Sold For $11/sf Less EBRP: Sold For $8/sf Less EBRP: Sold For $4/sf Less
Market Is Showing
On Average, Market Is Showing Sales Prices of $14/sf Less Than Market The Most Severe Impact In ALL of Greater Baton Rouge Is In Acadiana Of Ascension Subdivision Establising A Listing Price In Better 2013-2014 Market May Begin At $8/sf to $10/sf +/- Less Than Market And Stair Step Downward Upon Motivation
Subdivisions Im NOT Concerned About Where Lower Quality Built Homes Are Entering Late, Where The Majority Of Homes Already Built Were Custom Or Higher Quality
Subds Not Concerned With...

Jefferson Crossing: 2 Lots+/ Manchac Harbor: 26 Lots +/- Out Of 230 Total Lots or 11% Oaks On The Bluff: 5 Lots +/- Out Of 55 +/- Lots or 9% Renaissance: 8 Lots Per Legal News Out Of 109 Total Lots or 75
My Contact Info
Bill Cobb, Appraiser Appraisal:
www.homeappraisalsbatonrouge.com
Office: 225-293-1500 Mobile: 225-953-0638 (Texting Me Is Best Way To Get In Touch) Baton Rouge Housing Reports: www.batonrougehousingreports.com

Pricing Custom Homes in Changing Subdivisions

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Pricing Custom Homes in Changing Subdivisions

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Pricing Custom Homes In Changing Subdivisions