About Baton Rouge's Broadmoor Estates

http://batonrougehousingreports.com/ - Baton Rouge Broadmoor Subdivision 2011 Comprehensive Housing Report. Broadmoor home prices decline or corrects in 2011 close to 10%.

Here is the report on Broadmoor Subdivision housing numbers based on 58 home sales from end of December 2010 to end of December 2011. Note: This was a search through ALL of the Single Family Homes Broadmoor Subdivisions in GBRMLS, not just "Broadmoor Subd". From 2010 to 2011, the Average sold price declined from $169,689 to $153,349 or -9.6%. From 2010 to 2011, the Median sold price declined from $166,000 down to $150,500 or -9.3%. From 2010 to 2011, the average sold price per sq. ft. declined from $77.93 down to $69.65 or -$8.28/sf or -10.7%. The percentage of distressed sales jumped from 17% in 2010 to approximately 36% in 2011.

Solds In Broadmoor from 1/1/2010 to 12/31/2010 revealed:
Average Sales Price: $169,689
Average Sold Price Per Sq. Ft.:$77.93/sf
Median Sold Price: $166,000
Low To High Sales Prices: $85,000 to $259,950
Number of Sales: 59
Number of Sold Distressed REO/Foreclosures/3rd Party/Short Sales Noted: 10 or 17%

Solds In Broadmoor from 1/1/2011 to 12/31/2011 revealed:
Average Sales Price: $153,349
Average Sold Price Per Sq. Ft.:$69.65/sf
Median Sold Price: $150,500
Low To High Sales Prices: $63,000 to $316,000
Number of Sales: 58
Number of Sold Distressed REO/Foreclosures/3rd Party/Short Sales Noted: 21 or 36%

Distressed Sales To Blame For Declines? Yes! I suspect part of this decline was due to the generall overall housing correction taking place in Baton Rouge and 21 or 36% of the 58 total sales being distressed in some form compared to only 10 or 17% in 2010. This means that of the 58 total home sales, 21 or 36% were in some form of distress, which is very high for the Baton Rouge housing market.

Broadmoor Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012. Yes, this appraiser does have permission to use the subdivision chart above.

The statistics below are based on the same GBRMLS data and reveal totally different results, which may not be accurate based on the actual MLS chart above.

Dec-10 vs. Dec-11: The median sold price is down 8%

Dec-10 vs. Dec-11: The median price of for sale properties is up 8% and the median price of sold properties is down 8%

Dec-10 vs. Dec-11: The number of Sold properties is up 300%

Dec-10 vs. Dec-11: The number of Under Contract properties has not changed

Dec-10 vs. Dec-11: The number of New properties is down 62%

Dec-10 vs. Dec-11: The number of For Sale properties is down 16%

Dec-10 vs. Dec-11: The number of Expired properties is down 71%

Dec-10 vs. Dec-11: The number of for sale properties is down 16% and the number of sold properties is up 300%

Dec-10 vs. Dec-11: The average days on market is down 24%

Dec-10 vs. Dec-11: The average months supply of inventory is down 8%

Baton Rouge Broadmoor Subdivision 2011 Comprehensive Housing Report

Broadmoor- This is a very beautiful, older neighborhood located off of Sharp and Old Hammond. I have driven through Broadmoor several times and just love the atmosphere. This is another neighborhood that offers that "homey" feeling. The Broadmoor community is very involved with a strong Home Owners Association. What's neat about Broadmoor is that this year they have a 2008 priority project. This is where the community got together and compiled a list of issues they saw as most important regarding their neighborhood. They are:

1. Membership Drive
2. Fundraising for a New Sign
3. Neighborhood Watch
4. Traffic Calming
5. Enforcing Restrictions

So, it's pretty obvious that this community is very active.They keep the residents active by holding events, projects and even picking a yard of the month. If you are looking for a place to make you feel at home, Broadmoor just might be the one for you.

Sherwood Forest- I have a special place in my heart for Sherwood Forest. In my younger years and after I moved from the LSU area, this is where I basically lived. Of course, at that age I was living in apartments. Sherwood is filled with apartment dwellers up and down the strip.Sherwood Forest is convienant to the Interstate, restaurants, stores, businesses and more.

The Sherwood Forest neighborhood is a nice size neighborhood, like Broadmoor. Both of these neighborhoods are much older but are still nice. Every time I pass through the neighborhoods are well kept and you can always see people strolling their children or walking their dog.

Area 41 2008 Market Report Jan-April