About Baton Rouge's University Club Plantation

Solds In University Club Plantation from 10/11/2007 to 10/11/2008 revealed:
The Average Sales Price: $530,591
The Average Sold Price Per Sq. Ft.: $160.97/sf
The Median Sold Price: $492,500
Low Sales Price: $324,900
High Sales Price: $835,000
Average # of Days On Market: 121 Days On Market
# of Sales: 23

UNIVERSITY CLUB PLANTATION MARKET COMMENTARY:
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within University Club Plantation, the median sales price appears to have decreased slightly from $500,000 to $492,500 or -1.5%. The average sales price has decreased by -$5,546 or -1.03%. The average sold price per sq. ft. has a small gain of +$1.80/sf. This decline is only very minor as compared to the falling home prices in the national housing market - one recent report stated national home prices have declined -8.3% year-to-date. Yes, sales have slowed with a -48% difference between the two periods. This may also be attributable to the first period being a "Post Hurricane Katrina" market when buying was still brisk. This market may simply be returning to the normal "Pre-Katrina" market.

University Club Plantation data is provided with the permission of the Greater Baton Rouge Board of Realtors.