http://www.batonrougerealestateappraisal.com/ - 2010 Baton Rouge Home Appraisers: Good News For The Lake At White Oak Subdivision

This is a Fannie Mae 1004mc or Market Conditions chart for The Lake At White Oak Subdivision as of 11/24/2010. The 1004MC Form is meant to compare homes that are most similar with a subject property or the home being appraised - the "sub-market" extracted from the broader market. In this case, the subject was 2900sf+/- square foot living area, on the lake and approximately 18 years old. The chart shows a generally improving higher end market BUT a declining Listing-To-Sales-Price-Ratio of 95%, which is understandable. NOTE: This chart doesn't represent ALL sales in 2010 in The Lakes At White Oak.

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This Chart Also Shows That Since January 2008, there has only been 1 competing REO or Foreclosure Sale. And, there are no or ZERO competing REO or Foreclosure Listings.

2010 VERSUS 2009!

Solds In The Lake At White Oak from 1/2010 to 11/24/2010 revealed:
Average Sales Price: $350,223
Average Sold Price Per Sq. Ft.: $122/sf
Median Sold Price: $332,500
Number of Sales: 91

Solds In The Lake At White Oak from 1/2009 to 12/31/2009 revealed:
Average Sales Price: $311,069
Average Sold Price Per Sq. Ft.: $116/sf
Median Sold Price: $320,000
Number of Sales: 107

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NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to November 24, 2010. This information was extracted on 11/24/2010.

Property Value Report for Homes Sold, 2001-2009

The Lake at White Oak Subdivision is in southeast Baton Rouge, bordering the Amite River which forms the boundary line between East Baton Rouge and Livingston parishes. It is, in effect, on the "outskirts" of the city. There are a little over 500 homes, most of which would be valued in the range of $250,000 to $390,000. They are mostly one-level homes with 4 bedrooms and 2-3 baths. Currently, there are only five homes for sale.

Beginning in 2001 the average price per square foot for sold homes steadily rose from $90.13 in 2001 to $117.93 in 2007. While the rest of the country saw a peak in prices, the effect of Hurricane Katrina on this area was to continue to place upward pressure on prices into 2007, as many residents from New Orleans moved here.

Price per square foot declined in 2008, down to $111.37 based on the sale of 28 homes. In 2009, based on the sale of 13 homes, prices climbed back up to $116.44 per square foot. Based on supply versus demand considerations, as more homeowners might have been waiting for the bottoming process in the market, fewer homes for sale on the supply side evidently had the effect of pushing up prices for buyers who held a serious preference for buying in this particular neighborhood.

If you are interested in learning more about the Lake at White Oak, you can visit the website at www.lakeatwhiteoak.com.

Interested buyers and sellers can contact me at 225-266-3562 or send email to sallie@SallieWilliams.com

My favorite time of year ... when all these azaleas are in full bloom! My backyard neighbor installed a border between our yards with lagustrum and bradford pear trees down the middle, indian hawthorne bushes on his side, and these gorgeous azaleas on our side. Thank you, Mr. Frank. We return the favor by taking care of the azaleas, especially watering when they start to droop in the hot summer months. I get worried as soon as I see a little droop ... these plants are just too beautiful to think of losing them. Hope you all enjoy the slide show.

Congratulations to the homeowners for a lovely yard and garden. You make us all proud to be living at the Lake at White Oak.

18533 North Lake Shadow Dr.

Beautifully designed and landscaped yard with an inviting entrance and

gardens to view along the way toward the front door.

Great job! Congratulations to the homeowners.