The Cottages At Blue Heron Lakes Condos Sales Zachary Louisiana 2018

Zachary Louisiana’s Townhome sales trends within The Cottages At Blue Heron Lakes Photos and Charts.

Exercise caution if you’re looking into buying a condo in this development, in terms of the price you’ll pay. You need to know the history of this development and proceed with eyes wide open. I’m stating this if the goal is to NOT lose money when selling.

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This development was developed in 2006 where initial sales prices were in the $136,000 to $150,000 to $164,925 range for units from 1285sf to 1468sf, generally sold in the $110 to $118 per sq ft range, see charts below. Then after 2008, sales prices collapsed resulting in some foreclosure and short sale activity GBRMLS shows in 2009, 2010, 2011, 2012, 2013, 2014, 2015 and one in 2017.

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Sales prices began to recover from the plunge and in 2017 to 2018, these were the sales prices in chronological order:
$73,500 and $50 per sq ft
$135,600 and $92.37 per sq ft
$90,000 and $68.122 per sq ft
$150,000 and $102.18 per sq ft
$130,000 and $88.56 per sq ft
$130,000 and $88.56 per sq ft
$128,000 and $86.54 per sq ft
$134,000 and $91.28 per sq ft
$127,000 and $93.25 per sq ft

NOTE: The buyer who paid $150,000 was a very, very brave individual and perhaps did not understand the history of this development.
I certainly WOULD NOT advise on paying $150,000 in this development.

The Cottages At Blue Heron Lakes Aerial Map

4000 McHugh Rd

 

2018 Sales Trends
Four (4) Sales from $127,000, $128,000, $130,000 and $134,000
Median Sales Price $129,000
Median Sold Price Per Sq. Ft.: $90/sf
Homes Sold From $87/sf to $93/sf
Median SP/LP% 98%
Average SP/LP% 97%
Median Days On Market: 25 Days
Average Days On Market: 30 Days
Average Condo Sold Was 3 Bedrooms, 2.Baths, 1,468 sq ft

The “Median SP/LP% 98%” or “Average SP/LP% 97%” Listing To Sales Price Ratio means the average home sale sold for 2% and 3% less than listing prices.

The Cottages At Blue Heron Lakes Condos sales chart

2018-07-26 19-55-17

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Follow Bill Cobb Appraiser on Youtube for Baton Rouge Condos and Townhomes housing video updates
https://www.youtube.com/user/batonrgcondostownhms/videos

Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 01/01/2017 to 07/26/2018, extracted on 07/26/2018.

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The Baton Rouge Condos and Townhomes Website is a an information resource provided by local Baton Rouge Home Appraiser, Bill Cobb, and Accurate Valuations Group LLC 225-293-1500. Bill has more than 20 years experience as a Residential Appraiser and updates his local network of sites with reports, videos and audio reviews of local housing market conditions mostly at http://www.batonrougehousingreports.com/

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