Baxter Ridge Market Report July-August 2011 Chesterfield, MO
Baxter Ridge has been quite active over the past 2 months. The above activity shows
current properties on the market and what has sold in both the single family homes and the condominiums during that time. We have been busy listing and selling homes during the summer. As you can see, 4 of our 5 recent listings are already sold with only 1 home currently for sale. Of course, we need more Baxter Ridge listings.
From the market data listed above, it is clear to Baxter Ridge residents that prices are down from last year. While several years ago, home prices topped out at nearly $500,000, the market has definitely corrected and homes are more in the mid $300,000s now. Condos are also down with townhomes taking the largest drop to well below $200,000. Our listings continue to sell quicker than other agents listings. Three of the four listings that we recently sold were under contract in less than 10 days. That tells us that homes and condos in Baxter Ridge that are priced right are still selling quickly.
Baxter Ridge is a very popular subdivision for many reasons. First, the location is convenient to shopping, restaurants, and highway access. A grocery store is within walking distance! Secondly, the schools that serve Baxter Ridge are top notch. The elementary school, Highcroft Ridge, is a highly sought school by elementary school parents. Parkway Central Middle and High Schools are on a combined campus only about 10 minutes away. Bus service is provided. Subdivision amenities are very popular here too! In the summer, families gather at the pool to meet each other and let the children play together. The Baxter Ridge Barracudas, the subdivision swim team, is a force to be reckoned with. It is very popular with kids ages 5-18 and boasts a roster of about 90 kids.
Baxter Ridge home values are sure to turn around quicker than other subdivisions nearby as the market recovers. The care Baxter Ridge residents take to maintain their homes, the schools, location and amenities make Baxter Ridge an ideal place to raise a family.