Baton Rouge’s Nesser Gardens Condominium Sales Update for 2016 provided by Greater Baton Rouge Home Appraiser Bill Cobb 225-293-1500
Nesser Gardens Condos is an abject example of the plunge in some Baton Rouge condo prices after the rise and fall after Hurricane Katrina. Immediately after Katrina and the artificial rise in prices, local condo prices shot upward only to fall back down to earth per the charts below. However, it appears the “fall” was much more sharply felt in Nesser Gardens.
Below: Nesser Gardens Condos Location Map
Below: Nesser Gardens Condos Aerial Map
January 2016 to February 20 2017 Nesser Gardens Condo Sales Trends
10 Sales from $63,500 to $112,000
Median Sales Price $74,950
Median Sold Price Per Sq. Ft.: $69 sq ft
Average Sold Price: $79,567
Average Sold Price Per Sq. Ft.: $68 sq ft
Homes Sold From $60 sf to $75 sq ft
Average SP/LP 94 percent
Average Days On Market: 177 Days
Average Size Townhome Is 2 Bedrooms, 2 Full Baths, 1240 sq ft
The “Average SP/LP percent 94 percent” or Listing To Sales Price Ratio means the average home sold for 6 percent less than listing price meaning there’s room for negotiation.
Nesser Gardens Current Listings
The two (2) under contract listings are listed at $71,500 and $72,000 or $77 per sq. ft. and were on the market from 98 days to 322 days, average 210 days.
Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 01/01/2016 to 02/20/2017, extracted on 02/20/2017.