I recently completed a rare Baton Rouge foreclosure home appraisal in the year 2015 within Cornerstone Subdivision off Siegen Lane. The following is my report on the home sales trends that took place and the prices paid for these homes from 2014 to 2015.
Baton Rouge population 228,000 (Greater Baton Rouge 804,000+/-). Since mid 1990s, Baton Rouge experienced rapid residential and commercial development. Location is convenient to schools, employment and, numerous restaurants and shopping (Perkins Rowe, Mall of Louisiana, Walmart, Sams Club). Zip Code 70810 is possibly THE most popular HOT location in Baton Rouge based on favorable location to Perkins Rowe, Mall of Louisiana, Several Shopping Centers, possibly 30 restaurants, BREC
recreation facilities, etc.. Cornerstone was developed in 2002 with homes from 1,820sf to 3,201sf average 2,071sf.
Cornerstone Subdivision Baton Rouge Home Sales Trends 2014-2015 Year To Date:
Eight (8) Sales From $220,500 to $299,000
Median Sales Price $288,500
Average Sold Price Price Per Square Foot $131/sf
Average Listing To Sales Price Ratio: 98%
Average Days On Market: 78 Days
Average Size Home: 2,071 sq. ft.
The $220,500 sale was a foreclosure.
NOTE: Average Listing To Sales Price Ratio of 98% means homes typcially sell for 2% less than listing price which can be a guide for your non-full price offer.
Current Cornerstone Subdivision Baton Rouge Listings:
Two (2) Listings From $239,900 to $340,000 from $131/sf to $136/sf
Average Listing Price $289,950
Average Listing Price Per Square Foot $134/sf
Average Home Listing Has Been On The Market for 94 Days.
Average Home Size: 2,162sf
NOTE: One (1) Listing is Active Listing and 1 is Pending or Under Contract
Baton Rouge Home Appraiser Website:
Baton Rouge Appraiser Consumer Education Youtube Channel:
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Baton Rouge Homes Subdivisions YouTube Channel:
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GREATER BATON ROUGE REAL ESTATE DATA NOTE:
Based on information from Greater Baton Rouge Assocation of REALTORS®\MLS for
period 01/01/2014 to 11/09/2015, extracted on 11/09/2015.