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Going rate per sq ft on new construction?

Posted on 4/3/13 at 12:20 pm
Posted by SG_Geaux
Beautiful St George, LA
Member since Aug 2004
80729 posts
Posted on 4/3/13 at 12:20 pm
Looking at Strohmberg Townhomes at Tiger Bend at Jefferson. Brand new construction. They are going for about $144/sqft.


Does this seem a little high? Or is that about right for the area. They are selling them as fast as they build them.

TIA
Posted by XanderCrews
Member since Mar 2009
810 posts
Posted on 4/3/13 at 12:45 pm to
(no message)
This post was edited on 12/21/21 at 9:41 am
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4667 posts
Posted on 4/3/13 at 3:26 pm to
damn, I miss baton rouge.....just paid $222/sf for my newly constructed townhome.
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 4/3/13 at 3:39 pm to
What are the comps from last 3 months. If it'll appraise for 144 sq ft, market says its worth 144 sq ft
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4667 posts
Posted on 4/3/13 at 4:06 pm to
Appraisals on purchase money transactions are fricking absurd. A property is worth what someone is willing to pay for it in an arm's length transaction (unless its just grossly out of whack).

This is the biggest scam job of all time for the appraisal industry.
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 4/3/13 at 6:27 pm to
quote:

Appraisals on purchase money transactions are fricking absurd. A property is worth what someone is willing to pay for it in an arm's length transaction (unless its just grossly out of whack). This is the biggest scam job of all time for the appraisal industry.


Up until 2008, I agree. After crash and numerous low appraisals, I would disagree
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7387 posts
Posted on 4/3/13 at 6:51 pm to
I just can't see paying that much per sq ft for a townhouse in BR.
Posted by islandtiger
Baton Rouge
Member since Sep 2012
1787 posts
Posted on 4/3/13 at 10:07 pm to
just started construction on 4,000 sq ft home in San Juan Islands of Washington...current estimate for high-quality finish, 10 KV solar, etc. $175/sq ft.
Posted by sstig
Houston
Member since Oct 2003
2944 posts
Posted on 4/4/13 at 7:48 am to
If they are selling as fst s they are putting them up then prepare for a price increase.
Posted by SG_Geaux
Beautiful St George, LA
Member since Aug 2004
80729 posts
Posted on 4/4/13 at 8:10 am to
quote:

If they are selling as fst s they are putting them up then prepare for a price increase.



Yeah they already went up on the 3BR
Posted by wiltznucs
Apollo Beach, FL
Member since Sep 2005
9422 posts
Posted on 4/4/13 at 8:18 am to
Depends largely on location, closer to the Tampa metro area prices are about $110-120 per sqft. In the Tampa suburbs you can still buy new construction for less than $100 a sqft.
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