Geismar, LA

http://www.ascensionrealestateappraisers.com/ - Geismar Dutchtown FHA Appraisers Report On Old Mill Subdivision A market analysis of solds from 8/1/2008 to 11/23/2009 within Old Mill Subdivision shows an overall median sales price decline of -3.58% on what appears to be low volume. However, the Listing Price To Sales Price Ratio still remains high or favorable at 100% of listing price. The chart below represents solds from 1/1/2007 to 11/23/2009. According to the Old Mill HOA Website, " Old Mill is located in one of Ascension Parish's most convenient areas, just 20 miles south of Baton Rouge, Louisiana and 60 miles north of New Orleans, Louisiana. Old Mill is a short drive from numerous services, entertainment centers and a wide choice of shopping including nearby Tanger Outlet Mall and The Mall of Louisiana. With a rural community feel, the "Dutchtown" area is also well recognized for the outstanding quality of its schools including Dutchtown Primary, Dutchtown Middle and Dutchtown High (Go Griffins!). Key points of interest near Old Mill include beautiful Spanish Lake as well as several antebellum homes including the famous Houmas House and Oak Alley homes. A short drive away and you can either be living it up in the Big Easy or meeting friends for dinner in Baton Rouge. With Old Mill's easy access to I-10, the choice is yours!"

1004MC of Old Mill Itself

http://appraisersinascension.info/ - Ascension Parish FHA Home Appraisers Report On Oak Alley Estates March 2009 Update

Solds In Oak Alley Estates Subdivision from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $359,232
Average Sold Price Per Sq. Ft.: $135.28
Median Sold Price: $355,000
Low Sales Price: $277,900
High Sales Price: $469,480
Average # of Days On Market: 147
# of Sales: 21

Solds In Oak Alley Estates Subdivision from 01/01/2008 to 02/02/2009 reveals:
Average Sales Price: $355,307
Average Sold Price Per Sq. Ft.: $130.86
Median Sold Price: $348,000
Low Sales Price: $293,000
High Sales Price: $437,000
Average # of Days On Market: 136
# of Sales: 15

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Oak Alley Estates, the market direction appears to be declining. The Average Sales Price has declined -$3,925 or -1.09%. Median Sales Price has declined -$7,000 or -2%. Average Sold Price Per Sq. Ft. has declined -$4.42/sf or -$3.27/sf. Remember that a "Declining Market" is "A stage of diminishing demand in a market area's life cycle." In 2009, the Avg DOM was 188 days or close to over 6 months. There is still generally an over-supply of new homes between the $300,000 to $600,000 range. In Oak Alley Estates, there are 8 listings in MLS, from $339,900 up to $435,000, and 7 of the 8 were listed in 2008 and have been on the market for several months now. 12365 Oak Colony
has been on the market since 2007. In MLS, in Upper Ascension Parish, there are 77 Competing Listings between $350,000 and $509,000.

Oak Alley Estates Subdivision data is provided with the permission of the Greater Baton Rouge Board of Realtors.

http://fhaappraiserbatonrouge.info/ - Geismar Dutchtown FHA Appraisers Report On Highlands At Dutchtown Subdivision

Solds from 12/13/2006 to 12/13/2007 reveals:
Average Sales Price: $184,875
Average Sold Price Per Sq. Ft.: $120.29/sf
Median Sold Price: $188,750
Low Sales Price: $177,000
High Sales Price: $192,500
Average # of Days On Market: 15
# of Sales: 4

Solds from 12/13/2007 to 12/13/2008 reveals:
Average Sales Price: $189,000
Average Sold Price Per Sq. Ft.: $122.73/sf
Median Sold Price: $186,000
Low Sales Price: $177,000
High Sales Price: $207,000
Average # of Days On Market: 61
# of Sales: 4
Listing Price To Sales Price Ratio Has Been: 98.02%

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Highlands At Dutchtown, the market direction appears to be overall stable. The average sales price has increased by +$4,125, median sales price has decreased by -$2,750 and average sold price per sq. ft. has increase +$2.44/sf. That's 2 positive increases to 1 negative decrease.

Highlands At Dutchtown data 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

http://ascensionrealestateappraisers.com/ - Geismar Louisiana Real Estate: Housing Market Direction For Old Mill Subdivision?

I recently completed a home appraisal in Old Mill Subdivision and made this discovery below.

Solds In Old Mill from 9/11/07 to 9/11/08 reveal:
Average Sales Price: $254,243
Average Sold Price Per Sq. Ft.: $131.48/sf
Median Sold Price: $254,500
Low Sales Price: $240,000
High Sales Price: $274,500
# of Sales: 14
Average # of Days On Market: 56 Days On Market

Solds In Old Mill from 9/11/06 to 9/11/07 reveal:
Average Sales Price: $251,229
Average Sold Price Per Sq. Ft.: $131.23/sf
Median Sold Price: $249,950
Low Sales Price: $215,000
High Sales Price: $280,000
# of Sales: 24
Average # of Days On Market: 56 Days On Market

These numbers above tell us that sales have slowed considerably in Old Mill, from 24 down to 14 or -42%. However, the period from 9/06 to 9/07 was a post Hur. Katrina market where buying was more intense. Based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Old Mill, the market direction appears to be increasing slightly. The average sales price has increased by +$3,014, median +$4,550 and average sold price per sq. ft. +$0.25/sf

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 Baotn 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, Cell: 225-953-0638

Fax: 1-866-663-6065

fastvalue2@cox.net

http://geismargonzalesprairievillehomeappraisers.com/