Hickory Ridge Report 12/2008: Baton Rouge Real Estate

http://batonrougefhaappraisers.com/ - Hickory Ridge Report 12/2008, Baton Rouge Real Estate

Solds from 12/11/2006 to 12/11/2007 revealed:
The Average Sales Price: $216,594
The Average Sold Price Per Sq. Ft.: $97.95/sf
The Median Sold Price: $209,600
Low Sales Price: $169,900
High Sales Price: $305,000
Average # of Days On Market: 64
# of Sales: 16

Solds from 12/11/2007 to 12/11/2008 reveals:
The Average Sales Price: $207,982
The Average Sold Price Per Sq. Ft.: $92.19/sf
The Median Sold Price: $208,000
Low Sales Price: $153,000
High Sales Price: $263,000
Average # of Days On Market: 68
# of Sales: 11

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Hickory Ridge, the market direction appears to be decreasing slightly. The average sales price has decreased from $216,594 to $207,982 or -$8,612. The median sales price by $1,600, from $209,600 down to $208,000. The average sold price per sq. ft. declined from $97.95/sf down to $92.19/sf or = -$5.76/sf. Listing To Sales Price Ratio: 96.23%

Author's Bio:

Bill Cobb, CREA, is Greater Baton Rouge's favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 16 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

Bill's company, Accurate Valuations Home Appraisal Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:

Office: 225-293-1500

Fax: 1-866-663-6065

fastvalue2@cox.net

http://www.batonrougehomeappraisals.com