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Average/Fair price per sq ft NWLA homes?

Posted on 6/2/15 at 10:24 am
Posted by Polar Pop
Member since Feb 2012
10969 posts
Posted on 6/2/15 at 10:24 am
Good Morning,

I am lightly house shopping at the moment in the Shreveport/Bossier area.

$250k budget is not seeming to get much these days around here.

I find it mind boggling that cookie cutter, bare bones spec homes are listing at $140-155/sqft as a 1700sqft 4 bed / 2.5 bath.

Can anyone give me insight on this and how to approach the issue if I did find a house I want with these numbers?

Do I "lowball" their offer with the mindset of "all they can say is no"?

Maybe I am looking into it too deeply and this is just what the market is commanding at the moment.
This post was edited on 6/2/15 at 10:26 am
Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
9738 posts
Posted on 6/2/15 at 10:33 am to
In many of the newest neighborhoods (12 Oaks, Norris Ferry Landing, Cypress Pointe up towards Benton), $135-150/sf is the "going rate" for a new build house with all the upgrades in it (crown molding, granite, upgraded tile/backsplash, etc). If you're not in a hurry, you can get a house built for cheaper and use cheaper finishes, or you can look somewhere like Ellerbe Estates (1980's-1990's) or Spring Lake (1960's-1980's) that's been remodeled that's closer to your price range. In those older neighborhoods, you can scoop up a deal that needs a little bit of work, and come out way ahead in the end.

***Not an expert, but I'm lightly house hunting as well***
Posted by Polar Pop
Member since Feb 2012
10969 posts
Posted on 6/2/15 at 10:43 am to
That is what I have noticed also.

I really like the "Ellerbe Woods" area and it seems that they are early to mid 90's with large lots and nice square footage. They might require a little paint which I can live with.

The $155/sqft house was somewhere in North Bossier, Rosedale IIRC.

As far as building, there just dont seem to be many lots that are nicely priced either.
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
40802 posts
Posted on 6/2/15 at 10:51 am to
2 doors down from me is for sale... Of course we are slumming compared to your budget.
Posted by Polar Pop
Member since Feb 2012
10969 posts
Posted on 6/2/15 at 11:12 am to
Another thing that kills me is the size of the backyards.

It never fails when I find a crib that I like, it has a mere dog run for a backyard.
Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
9738 posts
Posted on 6/2/15 at 11:14 am to
N. Bossier is the new "it" place to be, so all of the new houses out there are going to be high.

Lots of houses for sale in The Haven, too, if you don't mind living close to the water (private boat launch on the river ). The lot sizes are hit or miss, but you can find a few decent size lots towards the front.

Take a look at Brunswick Place- I don't know what the deal is with that neighborhood, but houses seem to just sit on the market. You could probably snag a good deal on a house over there, the surrounding neighborhood is older, but it's not a bad neighborhood.

Land/lots are outrageously high as well. Long Lake wants $80k for 1/2 acre, St. Charles Place is around $75k for the same size, and a lot of people that live out there are wishing they were closer to everything in town.

If I'm paying that much for a lot/land, there had better be at least a number that's not 0 on both sides of the decimal. Maybe I'm asking too much
Posted by Polar Pop
Member since Feb 2012
10969 posts
Posted on 6/2/15 at 11:23 am to
There are some nice deals to be had in the Haven right now. I have always had my reserves about it being built inside the levee and flooding, so this is the perfect trial period to see how it holds up with the river.


I have nothing against N Bossier (S Bossier raised), but I just love southeast Shreveport and would love to stay in the area, more towarda the Ellerbe section if I can afford it. Although if the right deal popped up in N Bossier I would not run from it.

Thanks for your insight, its nice to know someone is in the same slightly stressful boat.
Posted by Bistineaubengal
Member since Aug 2008
841 posts
Posted on 6/2/15 at 11:43 am to
I would stick to Ellerbe-southeast side of Shreveport too.
Posted by Salmon
I helped draft the email
Member since Feb 2008
86040 posts
Posted on 6/2/15 at 11:51 am to
quote:

I find it mind boggling that cookie cutter, bare bones spec homes are listing at $140-155/sqft as a 1700sqft 4 bed / 2.5 bath.


and then live 25-30 minutes away from everything

I don't get it
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
40802 posts
Posted on 6/2/15 at 2:11 pm to
Salmon and I be reppin' that Broadmoor!!!

Posted by Polar Pop
Member since Feb 2012
10969 posts
Posted on 6/2/15 at 2:13 pm to


Ive been known to make an appearance or two at AC Steere park.
Posted by Salmon
I helped draft the email
Member since Feb 2008
86040 posts
Posted on 6/2/15 at 2:17 pm to
crazy cat ladies and all
Posted by Big Data
Scotch Fan
Member since Nov 2007
2560 posts
Posted on 6/2/15 at 2:20 pm to
I'm in the Broadhood as well.
Posted by Salmon
I helped draft the email
Member since Feb 2008
86040 posts
Posted on 6/2/15 at 2:23 pm to
Pop, I have friends looking in the same price range as well, and they too are looking at newer homes

and unfortunately, in that price range, if you want a new home you are either going to have to go further out, or go with a small yard/garden home
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
40802 posts
Posted on 6/2/15 at 2:28 pm to
I have a buddy who paid within $3000 of what I paid. Mine is the standard 1950/1960's Broadmoor 3 bd 2 bath. He got new construction with the 10 foot celings, nice counter tops and cabinets etc., but 250 less square feet.

And he is in Haughton...
Posted by Polar Pop
Member since Feb 2012
10969 posts
Posted on 6/2/15 at 2:29 pm to
I totally agree.

I am going to look at some older homes and see what I can find. There are some very spacious homes in the $100/sqft range that wouldn't take much work for a small facelift.
Posted by Polar Pop
Member since Feb 2012
10969 posts
Posted on 6/2/15 at 2:36 pm to
I cannot get over these new construction cribs that are 4 bedrooms.

None of the houses that I have seen need to be 4 bedrooms, especially anything less than 2000sqft.

I know the appeal is more with the 4th bedroom, but the living room and kitchen are taking a huge loss on space.
Posted by Salmon
I helped draft the email
Member since Feb 2008
86040 posts
Posted on 6/2/15 at 3:06 pm to
and generally the "kid" rooms are tiny, right?

but everyone wants that extra "guest" bedroom that gets used once year now

my house was 4 bdr but we took one away to open up the kitchen and created a bar/breakfast room
Posted by Polar Pop
Member since Feb 2012
10969 posts
Posted on 6/2/15 at 3:26 pm to
Yes all small rooms.

I can understand adding a 4th bedroom in a 2500-3000sqft house, but 1700 is just cheating out the rest of the house.
Posted by Hermit Crab
Under the Sea
Member since Nov 2008
7431 posts
Posted on 6/2/15 at 3:41 pm to
4 beds in a 1700 SF house is unbelievable. I live in an 1800 SF place with 2 bedrooms. the bedrooms are huge, but I couldn't imagine them both being split in half and still being liveable.
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