Dutchtown Villas Geismar Home Prices Gain 1 to 6 Percent in 2015

Dutchtown Villas Dutchtown Geismar Home Prices Gains 1 to 6 Percent in 2015.
Why 1 to 6% range? Read below to find out.

Dutchtown Villas Subdivision Geismar Dutchtown Louisiana 70734
Dutchtown Villas Subdivision Geismar Dutchtown Louisiana 70734

The Average Sales Price in 2015 has been $198,542, median sales price $199,900, average sales price $123/sf for the average home size of 1,659sf. That’s a $1.00 per square foot jump from 2014 or 1% (rounded) increase Year To Date as of 12/24/2015. Homes as low as $121/sf to $128/sf, from $189,000 to $209,000 (home had extra, extra large lot). And, this is based on 7 sales, which indicates a solid up trend. Average days it took to sell a home was 78 days with homes selling from 7 to 197 days on the market. Homes generally sold for 98 percent of listing price or a 2 percent discount off listing price.

So, while sold price per sq. ft. only gained $0.82 cents or $1.00 rounded, median sold price gained $11,400 or 6%

In 2014, the Average Sales Price was $187,900, median sales price $188,500, average sales price $122/sf for the average home size of 1,545sf.

Dutchtown Villas Home Sales Trends Geismar Dutchtown Louisiana 70734
Dutchtown Villas Home Sales Trends Geismar Dutchtown Louisiana 70734

What’s Surprising About Dutchtown Villas is the sheer number of homes for sale in this relatively small 47 lot development. There’s 5 homes for sale with one of those under contract. It’s been my experience in 2015 with a limited supply that it’s very rare to see this many homes for sale within such a small development.

Dutchtown Villas Home Prices Geismar Dutchtown Louisiana 70734
Dutchtown Villas Home Prices Geismar Dutchtown Louisiana 70734

NOTE: 12327 Dutchtown Villa Dr, listed at $196,900 or $114.08/sf as having 1,726sf “living area” does not actually or legally have 1,726sf. Per GBRMLS when new, it has 1,608sf and in 2015 has a floored attic being accessed from inside garage and is not legal living area (quality certainly doesn’t match original home). From a professional Home Appraiser’s knowledge of national ANSI standards for measuring homes, the extra 118sf is not “living area”. At $196,900, the correct listing price per sq. ft. is $122.45/sf.

Data Used With Permission of Greater Baton Rouge Association of REALTORS MLS from 1/1/2015 to 12/25/2015, extracted 12/25/2015

Study by Bill Cobb, Greater Baton Rouge’s Home Appraiser
225-293-1500
North Ascension Parish Louisiana Home Appraisers

Dutchtown Villas Subdivision Geismar Dutchtown La 70734
Dutchtown Villas Subdivision Geismar Dutchtown La 70734
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