Baton Rouge Market Metrics Dot Com: 2010 Pleasant Ridge Townhomes Update

http://www.batonrougemarketmetrics.com/ – Baton Rouge Housing Market Metrics Dot Com: 2010 Pleasant Ridge Townhomes 70808 Update!  Baton Rouge Home Appraiser, Bill Cobb, performs an appraisal in this development and reports on the trends discovered.

Baton Rouge Market Metrics Dot Com: 2010 Pleasant Ridge Townhomes Update

 

Baton Rouge Market Metrics Dot Com: 2010 Pleasant Ridge Townhomes Update

 

Baton Rouge Market Metrics Dot Com: 2010 Pleasant Ridge Townhomes Update

 

Baton Rouge Market Metrics Dot Com: 2010 Pleasant Ridge Townhomes Update

 

NO 2010 SALES, 1 2009 SALE.  The chart below displays the GBRMLS sales information for Pleasant Ridge Townhomes.  Both the chart and legal news below show no sales in 2010.  In the 2009, there was 1 sale for $140,000 or $119/sf, on the market for 63 days and received 96.55% of listing price.  

 

Baton Rouge Market Metrics Dot Com: 2010 Pleasant Ridge Townhomes Update

 

Legal News source below confirms no 2010 sales within Pleasant Ridge.

Baton Rouge Market Metrics Dot Com: 2010 Pleasant Ridge Townhomes Update

 

CURRENT LISTINGS. 

There are two current listings, both still Active Listings, for $135,000 and $138,000 or $122/sf and $119/sf, which is well above 2008 and 2009 pricing.  MLS comments indicate both units are somewhat updated.  The $135,000 listing has been on the market since 4/21/2010 without selling.  The $138,000 listing has been on the market since 9/17/2010 without selling.  The chart above shows that since Hurricane Katrina, prices have continued to rise.  However, the Pleasant Ridge market is experiencing what most of Greater Baton Rouge housing is experiencing – a major slowdown in home sales post Federal tax credit expiration and buyer’s resistance to over-priced listings in a market where buyers are waiting for a bottom in pricing.  In this case of these units being updated, this MAY deserve the higher pricing.   

One REO Foreclosure!

There is one REO / Foreclosure not listed yet.

Baton Rouge Market Metrics Dot Com: 2010 Pleasant Ridge Townhomes Update

 

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of January 1, 2008 to November 11, 2010.  This information was extracted on 11/11/2010.

 

Baton Rouge Market Metrics Dot Com: 2010 Pleasant Ridge Townhomes Update 

 

 

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About Bill Cobb, Appraiser

The Baton Rouge Residential Appraisal Blog is an information source provided by local Home Appraiser, Bill Cobb, and Accurate Valuations Group. Bill has 24 years experience as a Baton Rouge Residential Home Appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! 225-293-1500