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Luxury Home Sales Study 2015

Home Sales Over $475,000 By Subdivision Within Greater Baton Rouge In 2015

I’ve maintained the opinion and experience of 2015 Baton Rouge Real Estates market expressing a “Sticker Shock”surprise in sales prices and buyers willingness to pay even higher prices in Greater Baton Rouge, which shows favorfor our great City. The wealth effect raises the tide and boats so to speak creating jobs and opportunity. GreaterBaton Rouge’s economy is better for risk takers, those making it happen and making life better in Baton Rouge.

The KeyFinders Team Facebook ad above is right, the market is changing in Greater Baton Rouge – becoming moreexpensive, ie., that Sticker Shock I was describing! There’s one current listing in Goodwood for an insane $325/sf. Since 01/01/2015, there’s been 428 luxury home sales $475,000 to $6,000,000. Low sales price per sq. ft. was$45/sf to a high of $455/sf, averaging $182/sf. Luxury home sold from 1 to 1,180 days on the market, averaging 152days. Executive homes sold from 50% of listing price to 120%, averaging 96%. It appears Bocage market is showingsome weakness selling at 88% to 89% of listing prices. Average size luxury home sold was 3,853 sq. ft..

The most sales took place NOT in subdivisions but rather on Rural Tracts, 43 sales. University Club Plantationexperienced the second most sales at 40 sales. Country Club of Louisiana was third with 26 sales. The SettlementAt Willow Grove was fourth with 22 sales and Santa Maria and Lexington Estates tied for fifth with 20 sales each.

HOW THE TABLE OF SALES BELOW CAN HELP YOU NOT PAY TOO MUCH! Examine the “Avg SP/LP” which shows the sold price percent below the listing price. When you see 89% in Bocage,know there is a lot of room for negotiation and offers for tens of thousands below listing price. Same with Estates AtMyrtle Hill Subdivision. Conversely, you’ll pay closer to list price in the hotter University Club Plantation.

*Med Sold $ stands for Median Sales Price*Avg $/Sqft stands for Average Sold Price Per Square Foot*Avg SP/LP stands for Average Sales Prices To Listing Price Ratio or the discount off listing price*Avg DOM stands for Average Days On Market*Total # stands for Total Number Of Luxury Home Sales over $475,000 in 2015

Subdivision Name City Med Sold$

Avg$/Sqft

AvgSP/LP

AvgDOM

Total#

Subdivision City Med Sold$

Avg$/Sqft

AvgSP/LP

AvgDOM

Total#

AUDUBON PLACE BR $780,000 $280 95 23 1

AUDUBON SQUARE BR $482,053 $187 100 8 1

BEAUMONT LANE BR $775,000 $191 91 301 1

BELLE GROVE PRAIRIEV $765,000 $146 100 90 1

BELLE POINTE BR $950,000 $289 99 69 1

BELMONT ESTATES STFRANC

$511,000 $253 97 49 1

BELMONTPLANTATION

STFRANC

$503,000 $176 97 212 1

BIENVENUE BR $750,000 $183 100 5 1

BLUEBONNETRETREAT

BR $695,000 $191 95 9 1

BOCAGE ESTATES BR $1,045,000 $231 89 81 2

BOCAGE LAKE BR $1,625,000 $284 89 88 1

BOCAGE SUBD BR $825,000 $209 88 172 3

BRIARLAKE ESTATES BR $605,000 $182 98 142 1

BRIARWOODESTATES

BR $496,500 $142 97 41 1

BURDEN ESTATES BR $480,000 $102 83 112 1

CARRIAGEWOODESTATES

BR $617,500 $157 97 118 2

CASA COLINA BR $577,000 $194 100 386 1

CENTURION PLACE BR $475,000 $102 92 62 1

CHATEAU JON DNHM SP $550,000 $124 94 186 1

CLOVERDALE BR $677,450 $197 99 46 2

COMITE HILLS CENTRAL $565,000 $96 94 232 1

COPPER MILL ZACHARY $540,000 $158 96 120 9

COUNTRY CLUB OFLA

BR $853,750 $228 93 201 26

COUNTRY CLUBWEST

BR $496,000 $159 97 71 1

CRESCENT AT UNIVLAKE

BR $529,500 $244 92 260 6

THE COVE BR $555,000 $188 64 64 2

EAST MEADOW ZACHARY $492,000 $162 99 121 1

EAST SIDE ADDITION LVNGSTN $482,000 $120 97 94 1

ESTATES AT MYRTLEHILL

BR $745,000 $141 89 95 2

FELICITY BR $182,650 $114 95 118 1

FIVE OAKS ESTATES BR $520,000 $153 93 150 5

FLOYD PLACE BR $692,982 $213 100 1 1

FOUNTAIN HILL PRAIRIEV $587,500 $138 96 87 2

GALVEZ FARMS PRAIRIEV $580,000 $168 97 219 1

GLENMORE PLACE BR $730,550 $226 104 34 1

GLENWOOD BR $629,000 $112 97 363 1

GONZALES GNZALES $500,000 $95 97 209 1

GOODWOODESTATES

BR $715,000 $138 93 314 3

GOODWOOD PLACE BR $640,000 $159 91 81 3

GREEN TRAILSSHENAND.

BR $589,351 $136 100 279 2

GREYSTONE SUBD DNHM SP $495,000 $146 99 196 3

HARRELLS FERRYLANDING

DNHM SP $721,950 $169 99 138 2

HERITAGE ESTATES BR $545,000 $163 98 132 3

HIDDEN LAKE BR $932,500 $238 94 161 2

HIDDEN OAK BR $536,250 $145 97 280 2

HIGHLAND ROADESTATES

BR $1,062,500 $237 94 149 1

HIGHLAND SHADOWS BR $1,525,000 $299 96 120 1

HIGHLAND TRACE BR $562,000 $158 100 19 2

THE HILL BR $545,000 $145 97 8 1

HILLSDALE BR $648,000 $174 94 417 1

HUNDRED OAKSADDN

BR $563,168 $207 105 221 1

HUNDRED OAKSPARK

BR $480,000 $198 100 59 1

IDLE OAKS BR $489,000 $195 100 44 1

INNISWOLD ESTATES BR $850,000 $206 96 13 2

JEFFERSON PLACE BR $767,876 $183 93 155 9

KENSINGTONESTATES

BR $518,500 $151 95 131 4

KLEINERT TERRACE BR $620,000 $166 97 102 3

KNOX HILL BR $537,700 $167 95 165 3

LAFITTE HILL BR $650,000 $167 100 61 1

THE LAKE AT TWINOAKS

GEISMAR $546,375 $162 99 29 2

LAKECREST BR $530,000 $188 95 171 3

LAKE ESTATES OAKHILLS

BR $831,000 $212 92 108 2

LAKES AT ASCENSIONXING

PRAIRIEV $485,000 $128 97 63 1

THE LAKES ATASCENSION

PRAIRIEV $550,000 $133 96 162 1

THE LAKES ATHIGHLAND

BR $633,000 $169 97 130 4

LAKESIDE BR $490,000 $131 96 146 3

LAKESIDE OAKS BR $545,000 $172 100 70 1

LAKEVIEW ESTATES BR $960,000 $312 71 55 1

LASALLE PARC BR $890,000 $185 99 4 1

LASALLE POINTE PRAIRIEV $810,688 $218 101 1 2

LAUREL ESTATES BR $600,000 $146 95 85 1

LAUREL HILL BR $565,000 $141 98 88 1

LAUREL LAKESESTATES

BR $790,000 $187 95 14 1

LEHAVRE TOWNHM BR $522,500 $198 87 58 1

LEXINGTON ESTATES BR $542,500 $171 97 137 20

LIVE OAK ESTATES BR $750,000 $166 92 433 3

LOBDELL ACRES BR $535,000 $159 98 53 1

LOBDELL PLACE BR $800,000 $168 89 65 1

LONG FARM BR $510,599 $176 95 320 2

LOOSEMORE VALLEY GNZALES $668,500 $107 92 86 1

MAGNOLIA WOODS BR $557,500 $211 97 55 1

MALLARD LAKES BR $1,338,500 $122 89 390 2

MANCHAC ESTATES PRAIRIEV $530,000 $137 99 96 1

MANCHACPLANTATION

PRAIRIEV $514,000 $164 97 187 1

MCCALL PLACE BR $479,900 $186 100 67 1

MEADOW LEA BR $547,000 $144 96 327 1

THE MEADOWS BR $740,000 $165 98 38 2

MOSS SIDEPLANTATION

BR $949,900 $210 100 36 1

THE MYRTLES BR $1,000,000 $234 92 80 1

OAK GROVE ESTATES PRAIRIEV $522,500 $134 93 289 2

OAK GROVE ESTATES ZACHARY $900,000 $246 95 81 1

OAK HILLS PLACE BR $571,950 $157 97 49 2

OAKS ON THE BLUFF PRAIRIEV $507,250 $136 91 144 2

OLD DEERFIELDCOLONY

BR $489,000 $141 100 129 1

OLD NORMANDIE BR $625,000 $196 98 70 2

PELICAN POINT GNZALES $670,000 $162 96 14 1

PERKINS LANE BR $669,000 $237 100 282 1

PLAINSLAND ESTATES ZACHARY $670,000 $114 89 662 1

POLLARD ESTATES BR $620,000 $202 92 142 1

THE POND ON HARTSMILL

BR $823,000 $204 97 133 1

PRESERVE ATHARVESTON

BR $507,651 $185 100 145 9

PROVIDENCE SUBD BR $727,000 $205 98 15 1

PROVINCE AT MOSSSIDE

BR $810,000 $199 97 169 3

RENAISSANCE PRAIRIEV $557,000 $176 97 107 1

RIVER HIGHLANDS STAMANT $549,000 $196 98 27 1

RIVERBEND BR $485,000 $173 97 64 1

ROUZAN TND BR $509,000 $219 98 127 5

RUELLE DE GRACE BR $507,555 $200 110 85 1

RURAL TRACT (NOSUBD)

VARIOUS $565,000 $199 95 228 43

SANTA MARIA BR $598,347 $168 97 192 20

SETTLEMENT WILLOWGRV

BR $768,742 $228 99 125 22

SHADOWS LAKE BR $515,000 $134 95 84 3

SHADY HOLLOW BR $855,000 $193 97 27 2

SHENANDOAH TRAILS BR $503,500 $158 95 1035 1

SOMERSETT BR $508,000 $170 92 14 1

SOUTHDOWNS BR $592,000 $187 96 184 5

SPANISH OAKS PRAIRIEV $539,000 $164 96 47 2

ST ANDREWS PRAIRIEV $992,500 $218 98 99 2

STANFORD PLACE BR $550,000 $211 97 8 1

STEELE PLACE BR $738,750 $183 97 172 4

STONE BRIDGE DNHM SP $675,000 $125 96 3 1

TALL OAKS BR $512,000 $89 91 101 1

UNIVERSITY CLUBPLANT.

BR $595,500 $177 98 118 40

UNIVERSITYGARDENS

BR $584,900 $228 96 62 3

WALDEN BR $570,000 $133 95 132 3

VERANDA AT U.C.P. BR $483,000 $181 99 5 1

WALNUT HILLS BR $550,000 $152 93 111 3

WESTDALE HEIGHTS BR $620,000 $176 99 65 3

WESTMORELANDPLACE

BR $479,900 $146 100 183 1

WHITE OAK ESTATES BR $489,900 $142 100 26 1

WHITE OAK LANDING BR $526,000 $155 94 64 2

WOODCHASE BR $742,500 $182 100 27 2

WOODGATE BR $537,500 $148 95 70 4

WOODLAKEBLUEBONNET

BR $485,000 $150 98 91 1

WOODRIDGE SUBD BR $565,500 $155 95 83 4

WOODSTONEESTATES

BR $532,500 $151 98 62 4

Greater Baton Rouge Home Sales Data Source:Based on information from Greater Baton Rouge Association of REALTORS \ MLS for period 01/01/2015 to01/22/2016, extracted on 01/22/2016.

Subdivision Name City Med Sold $ Avg $/Sqft Avg SP/LP Avg DOM Total #

Subdivision City Med Sold $ Avg $/Sqft Avg SP/LP Avg DOM Total #

AUDUBON PLACE BR $780,000 $280 95 23 1

AUDUBON SQUARE BR $482,053 $187 100 8 1

BEAUMONT LANE BR $775,000 $191 91 301 1

BELLE GROVE PRAIRIEV $765,000 $146 100 90 1

BELLE POINTE BR $950,000 $289 99 69 1

BELMONT ESTATES ST FRANC $511,000 $253 97 49 1

BELMONT PLANTATION ST FRANC $503,000 $176 97 212 1

BIENVENUE BR $750,000 $183 100 5 1

BLUEBONNET RETREAT BR $695,000 $191 95 9 1

BOCAGE ESTATES BR $1,045,000 $231 89 81 2

BOCAGE LAKE BR $1,625,000 $284 89 88 1

BOCAGE SUBD BR $825,000 $209 88 172 3

BRIARLAKE ESTATES BR $605,000 $182 98 142 1

BRIARWOOD ESTATES BR $496,500 $142 97 41 1

BURDEN ESTATES BR $480,000 $102 83 112 1

CARRIAGEWOOD ESTATES BR $617,500 $157 97 118 2

CASA COLINA BR $577,000 $194 100 386 1

CENTURION PLACE BR $475,000 $102 92 62 1

CHATEAU JON DNHM SP $550,000 $124 94 186 1

CLOVERDALE BR $677,450 $197 99 46 2

COMITE HILLS CENTRAL $565,000 $96 94 232 1

COPPER MILL ZACHARY $540,000 $158 96 120 9

COUNTRY CLUB OF LA BR $853,750 $228 93 201 26

COUNTRY CLUB WEST BR $496,000 $159 97 71 1

CRESCENT AT UNIV LAKE BR $529,500 $244 92 260 6

THE COVE BR $555,000 $188 64 64 2

EAST MEADOW ZACHARY $492,000 $162 99 121 1

EAST SIDE ADDITION LVNGSTN $482,000 $120 97 94 1

ESTATES AT MYRTLE HILL BR $745,000 $141 89 95 2

FELICITY BR $182,650 $114 95 118 1

FIVE OAKS ESTATES BR $520,000 $153 93 150 5

FLOYD PLACE BR $692,982 $213 100 1 1

FOUNTAIN HILL PRAIRIEV $587,500 $138 96 87 2

GALVEZ FARMS PRAIRIEV $580,000 $168 97 219 1

GLENMORE PLACE BR $730,550 $226 104 34 1

GLENWOOD BR $629,000 $112 97 363 1

GONZALES GNZALES $500,000 $95 97 209 1

GOODWOOD ESTATES BR $715,000 $138 93 314 3

GOODWOOD PLACE BR $640,000 $159 91 81 3

GREEN TRAILS SHENAND. BR $589,351 $136 100 279 2

GREYSTONE SUBD DNHM SP $495,000 $146 99 196 3

HARRELLS FERRY LANDING DNHM SP $721,950 $169 99 138 2

HERITAGE ESTATES BR $545,000 $163 98 132 3

HIDDEN LAKE BR $932,500 $238 94 161 2

HIDDEN OAK BR $536,250 $145 97 280 2

HIGHLAND ROAD ESTATES BR $1,062,500 $237 94 149 1

HIGHLAND SHADOWS BR $1,525,000 $299 96 120 1

HIGHLAND TRACE BR $562,000 $158 100 19 2

THE HILL BR $545,000 $145 97 8 1

HILLSDALE BR $648,000 $174 94 417 1

HUNDRED OAKS ADDN BR $563,168 $207 105 221 1

HUNDRED OAKS PARK BR $480,000 $198 100 59 1

IDLE OAKS BR $489,000 $195 100 44 1

INNISWOLD ESTATES BR $850,000 $206 96 13 2

JEFFERSON PLACE BR $767,876 $183 93 155 9

KENSINGTON ESTATES BR $518,500 $151 95 131 4

KLEINERT TERRACE BR $620,000 $166 97 102 3

KNOX HILL BR $537,700 $167 95 165 3

LAFITTE HILL BR $650,000 $167 100 61 1

THE LAKE AT TWIN OAKS GEISMAR $546,375 $162 99 29 2

LAKECREST BR $530,000 $188 95 171 3

LAKE ESTATES OAK HILLS BR $831,000 $212 92 108 2

LAKES AT ASCENSION XING PRAIRIEV $485,000 $128 97 63 1

THE LAKES AT ASCENSION PRAIRIEV $550,000 $133 96 162 1

THE LAKES AT HIGHLAND BR $633,000 $169 97 130 4

LAKESIDE BR $490,000 $131 96 146 3

LAKESIDE OAKS BR $545,000 $172 100 70 1

LAKEVIEW ESTATES BR $960,000 $312 71 55 1

LASALLE PARC BR $890,000 $185 99 4 1

LASALLE POINTE PRAIRIEV $810,688 $218 101 1 2

LAUREL ESTATES BR $600,000 $146 95 85 1

LAUREL HILL BR $565,000 $141 98 88 1

LAUREL LAKES ESTATES BR $790,000 $187 95 14 1

LEHAVRE TOWNHM BR $522,500 $198 87 58 1

LEXINGTON ESTATES BR $542,500 $171 97 137 20

LIVE OAK ESTATES BR $750,000 $166 92 433 3

LOBDELL ACRES BR $535,000 $159 98 53 1

LOBDELL PLACE BR $800,000 $168 89 65 1

LONG FARM BR $510,599 $176 95 320 2

LOOSEMORE VALLEY GNZALES $668,500 $107 92 86 1

MAGNOLIA WOODS BR $557,500 $211 97 55 1

MALLARD LAKES BR $1,338,500 $122 89 390 2

MANCHAC ESTATES PRAIRIEV $530,000 $137 99 96 1

MANCHAC PLANTATION PRAIRIEV $514,000 $164 97 187 1

MCCALL PLACE BR $479,900 $186 100 67 1

MEADOW LEA BR $547,000 $144 96 327 1

THE MEADOWS BR $740,000 $165 98 38 2

MOSS SIDE PLANTATION BR $949,900 $210 100 36 1

THE MYRTLES BR $1,000,000 $234 92 80 1

OAK GROVE ESTATES PRAIRIEV $522,500 $134 93 289 2

OAK GROVE ESTATES ZACHARY $900,000 $246 95 81 1

OAK HILLS PLACE BR $571,950 $157 97 49 2

OAKS ON THE BLUFF PRAIRIEV $507,250 $136 91 144 2

OLD DEERFIELD COLONY BR $489,000 $141 100 129 1

OLD NORMANDIE BR $625,000 $196 98 70 2

PELICAN POINT GNZALES $670,000 $162 96 14 1

PERKINS LANE BR $669,000 $237 100 282 1

PLAINSLAND ESTATES ZACHARY $670,000 $114 89 662 1

POLLARD ESTATES BR $620,000 $202 92 142 1

THE POND ON HARTS MILL BR $823,000 $204 97 133 1

PRESERVE AT HARVESTON BR $507,651 $185 100 145 9

PROVIDENCE SUBD BR $727,000 $205 98 15 1

PROVINCE AT MOSS SIDE BR $810,000 $199 97 169 3

RENAISSANCE PRAIRIEV $557,000 $176 97 107 1

RIVER HIGHLANDS STAMANT $549,000 $196 98 27 1

RIVERBEND BR $485,000 $173 97 64 1

ROUZAN TND BR $509,000 $219 98 127 5

RUELLE DE GRACE BR $507,555 $200 110 85 1

RURAL TRACT (NO SUBD) VARIOUS $565,000 $199 95 228 43

SANTA MARIA BR $598,347 $168 97 192 20

SETTLEMENT WILLOW GRV BR $768,742 $228 99 125 22

SHADOWS LAKE BR $515,000 $134 95 84 3

SHADY HOLLOW BR $855,000 $193 97 27 2

SHENANDOAH TRAILS BR $503,500 $158 95 1035 1

SOMERSETT BR $508,000 $170 92 14 1

SOUTHDOWNS BR $592,000 $187 96 184 5

SPANISH OAKS PRAIRIEV $539,000 $164 96 47 2

ST ANDREWS PRAIRIEV $992,500 $218 98 99 2

STANFORD PLACE BR $550,000 $211 97 8 1

STEELE PLACE BR $738,750 $183 97 172 4

STONE BRIDGE DNHM SP $675,000 $125 96 3 1

TALL OAKS BR $512,000 $89 91 101 1

UNIVERSITY CLUB PLANT. BR $595,500 $177 98 118 40

UNIVERSITY GARDENS BR $584,900 $228 96 62 3

WALDEN BR $570,000 $133 95 132 3

VERANDA AT U.C.P. BR $483,000 $181 99 5 1

WALNUT HILLS BR $550,000 $152 93 111 3

WESTDALE HEIGHTS BR $620,000 $176 99 65 3

WESTMORELAND PLACE BR $479,900 $146 100 183 1

WHITE OAK ESTATES BR $489,900 $142 100 26 1

WHITE OAK LANDING BR $526,000 $155 94 64 2

WOODCHASE BR $742,500 $182 100 27 2

WOODGATE BR $537,500 $148 95 70 4

WOODLAKE BLUEBONNET BR $485,000 $150 98 91 1

WOODRIDGE SUBD BR $565,500 $155 95 83 4

WOODSTONE ESTATES BR $532,500 $151 98 62 4

Based on information from Greater Baton Rouge Association of REALTORS

MLS for period 01/01/2015 to 01/22/2016, extracted on 01/22/2016.

By Bill Cobb Baton Rouge Home Appraiser 225-293-1500

http://www.batonrougehousingreports.com