About Baton Rouge's Wedgewood

http://www.gbrhousinganswers.com/ - Baton Rouge Housing Answers: How Are Wedgewood Subdivision 70816 Values Holding Up in 2010? I performed a home appraisal in Wedgewood Subdivision, on Palmwood Drive, this week and discovered the following housing numbers below. Wedgewood is one of the larger subdivisions within the Baton Rouge housing market that is a guage of sorts to how the entire market may be holding up.

Solds In Wedgewood Subdivision from 1/2010 to 12/9/2010 revealed:
Average Sales Price: $173,290 ($174,372 in 2009)
Average Sold Price Per Sq. Ft.: $87/sf ($89/sf in 2009)
Median Sold Price: $172,950 ($173,250 in 2009)
Number of Sales: 10 (18 in 2009)
Average Number of Days On Market: 100 (90 Days in 2009)
Low To High: $79,900 to $127,000
Number of Sold REO/Foreclosures Noted In MLS: 1.
Current # Listings: 12, 0 Are Foreclosures. 1 Is A Short Sale and 1 REO coming soon
Current Listings Prices: $137,900 To $239,000 (the $149,900 is a new home)

Overall, the Listing To Sales Price Ratio is fairly strong at 98.6% in 2009 and 99.7% in 2010. This also could be because it's a buyer's market and buyer's are asking sellers to pay closing cost. Of the ten 10 sales, 7 of them included sellers paying closing costs and several of these included sellers paid excessive closing of $5,000 or more. Any time a seller has to pay a buyer to buy their home, that's not a good indication, especially with the sellers that had to pay $5,500, $7,000 and $7,600 just to get a buyer. This is the reason the Listing To Sales Price Ratio is still so high. There are 3 listings priced above $200,000 in Wedgewood Subdivision, two of these priced above market support.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to December 9, 2010. This information was extracted on 12/9/2010.

http://www.batonrougerealestatetrends.net/ - Baton Rouge Real Estate Trends Video: Wedgewood Subdivision 70816 2010 Update

Greater Baton Rouge Home Appraiser, Bill Cobb, updates the housing market numbers for Wedgewood Subdivision in Baton Rouge Real Estate, Louisiana 70816. Based on 8 2010 Home Sales, 2009 vs 2010, the average sales prices has declined a modest 0.50% or less than 1%. The median sales price is basically unchanged at $173,000 rounded. The average sold price per square foot is down $2/sf or -2.3% from $89/sf to $87/sf. Year to date, there have been 8 sales versus 18 in 2009. The average days on the market has changed little from 90 days in 2009 to 95 in 2010.

To Watch This Update, Visit: http://www.youtube.com/watch?v=4uTD2loP0_4