I recently completed a pre-foreclosure appraisal in Holly Ridge Townhouses or Holly Ridge Townhomes. Tax Assessments and Legal News show “Holly Ridge Townhouses” is the correct name. Holly Ridge Townhouses was developed in approximately 1984 with 1600sf +/- to 1994sf 1.5 to 2 story townhomes. The following is my report on the home sales trends that took place and the prices paid for these homes from 2014 to 2015.
Holly Ridge Townhouses Sales Trends 2014-2015 Year To Date:
Seven (7) Sales From $132,000 to $157,000
Median Sales Price $137,000
Average Sold Price Price $138,742
Average Sold Price Price Per Square Foot $84/sf
Average Listing To Sales Price Ratio: 97%
Average Days On Market: 44 Days
NOTE: The $157,000 sale was totally out of character for this development when the other six sales sold from $132,000 to $137,900.
Current Holly Ridge Townhouses Listings:
Three (3) Listings From $139,900 to $155,000 from $78/sf to $89/sf
Average Listing Price $146,633
Average Listing Price Per Square Foot $84/sf
Average Home Listing Has Been On The Market for 145 Days.
The $155,000 listing is for 1994sf per GBRMLS.
NOTE: All three (3) Listings are Active Listings, not Pending or Under Contract
GREATER BATON ROUGE REAL ESTATE DATA NOTE:
Based on information from Greater Baton Rouge Assocation of REALTORS®\MLS for period 01/01/2014 to 11/03/2015, extracted on 11/03/2015.