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Bill Cobb

Larger Baton Rouge Homes Sell For Less Per Sq Ft, ExampleKenilworth

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Real Estate Appraiser with Accurate Valuations Group, LLC LA St Certified 851

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March 06, 2014 04:09 PM

Larger Baton Rouge Homes Sell For Less Per Sq Ft, Example Kenilworth Subd

BATON ROUGE HOME BUYER LESSON: As a potential BatonRouge home buyer, you should be aware of the fact that themarket or buyers generally pay less per square foot for largerhomes and that this is a general rule of thumb in real estatenationally. If you see a listing of a home in a subdivision wherethat home is much larger than the average home in a subdivisionyet priced equivalent to the smaller homes, then you should be onguard about the pricing. Question the Agent you're working withabout this situation as sometimes, Agents will list a home at whatthe seller wants versus what the market will support. Sometimeslarger homes are priced based on sold price per sq. ft. of smallerhomes in same subdivision, see Price Per Sq Ft And The Costco Principle . AND, sometimes a home is bothlarger than average as a result of an addition, an enclosure AND a major renovation where Agents are trying to pricein a larger than average home, BUT one that's renovated as well.

And, before you make an offer on what you perceive as an over priced listing, I offer Baton Rouge Pre-PurchaseHome Appraisals to make sure you don't overpay for Baton Rouge Housing.

This article is meant to show visually that larger homes in Baton Rouge Real Estate do sell for less per square footthan smaller homes, not necessarily why they do. I'm working on a detailed article on the "why" to be published later.

Kenilworth Subdivision Baton Rouge search parameters were from 01/01/2012 to 03/05/2014 for homes from 1610sfto 2358sf and comparing the sold price per square foot for homes sold over 2400sf. As can be seen below, thehomes from 1610sf to 2358sf sold primarily in the $94/sf to $120sf/sf, most in that $104/sf to $116/sf range. Thehomes in the 2400sf to 3612sf range sold primarily in the $78/sf to $96/sf, most in the $78/sf to $90/sf range.

Conclusion: Larger homes over 2400sf generally sold for about $20/sf less (84/sf vs $107/sf) than smaller homes inKenilworth Subdivision Baton Rouge LA 70808. The purpose of these charts is just to show larger homes do sell forless per square foot.

Greater Baton Rouge Real Estate Data Note: Based on information from Greater Baton Rouge Association of REALTORS ® / MLS for the period 01/01/2012to 03/05/2014, extracted on 03/05/2014.

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