FHA Appraisers East Baton Rouge Report On Hermitage Subdivision

http://fhaappraiserbatonrouge.info/ - FHA Appraisers East Baton Rouge 12/2008 Report On Hermitage Subdivision

Solds from 12/06/2006 to 12/06/2007 (All Sales - REO & Non-REO) reveals:
Average Sales Price: $113,594
Average Sold Price Per Sq. Ft.: $81.96
Median Sold Price: $117,450
Low Sales Price: $74,900
High Sales Price: $157,500
Average # of Days On Market: 65
# of Sales: 16

Solds from 12/06/2007 to 12/06/2008 With 4 REO Sales reveals:
Average Sales Price: $99,750
Average Sold Price Per Sq. Ft.: $71.00
Median Sold Price: $98,750
Low Sales Price: $64,000
High Sales Price: $122,000
Average # of Days On Market: 100
# of Sales: 12

An MLS CMA of Hermitage from 12/06/2007 to 12/06/2008 Without The 4 REO Sales reveals:
Average Sales Price: $106,438
Average Sold Price Per Sq. Ft.: $77.14
Median Sold Price: $109,000
Low Sales Price: $87,000
High Sales Price: $122,000
Average # of Days On Market: 124
# of Sales: 8
Listing Price To Sales Price Ratio Has Been: 96.89%

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Hermitage, the market direction from 12/06-12/07 to 12/07-12/08 is decreasing. The average sales price has decreased by -$13,844, median sales price has decreased by -$18,700 and average sold price per sq. ft. has decreased by -$10.96/sf.

Hermitage data is presented with the permission of the GBRAR.

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.getfastvalue.com