Tuscany Villas Subdivision Report Baton Rouge LA 70817 Audio Report
Tuscany Villas has basically been in correction mode since 2009 when the Average Sales Price reached $130.78/sf and Average Sold Prices were $198,000. In 2012, based on 3 non-distressed sales, it’s now a more sane $120.23/sf and $181,000. Average Days On Market has risen to 130 D.O.M. with sales selling for 98% of listing prices. As a comparison, in 2011, there were 5 sales at median of $182,000, $122.78/sf and 88 D.O.M.. However, in 2012, there have been 3 sales at median of $181,000, $120.23/sf and 130 D.O.M.. AND, in 2012, the Average Sales Price Per Sq. Ft. has actually been in the $119/sf range for 2 of the 3 sales.
This is 16070 Venetian Avenue listed for $179,900 and Pending or Under Contract. The market or “buyers” were right on on this listing. It was listed at a very high $188,000 10/17/2011 or $126.43/sf for only 1,487sf. $188,000 for only $1,487sf in Baton Rouge is a very, very high price. The market or buyers balked and when the listing price was reduced to $179,000 or $120/sf, then the market acted with a purchase agreement.
This is 16448 Venetian Ave, a home about to be placed on the market after I complete my Baton Rouge Pre-Listing Appraisals .
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of January 1, 2008 to April 17, 2012. This information was extracted on 04/17/2012. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
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