About Geismar's Old Mill

http://www.ascensionrealestateappraisers.com/ - Geismar Dutchtown Real Estate Trends: Old Mill Subdivision 2010 Update

Solds In Old Mill Subdivision from 1/2010 to 10/02/2010 revealed:
Average Sales Price: $238,985
Average Sold Price Per Sq. Ft.: $126/sf ($124/sf in 2009)
Median Sold Price: $239,900 ($249,950 in in 2009)
Number of Sales: 13 (Only 10 Sales In 2009)
Average Number of Days On Market: 61
Low To High: $225,000 to $257,000
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 10, 0 Are Foreclosures
Current Listings Prices: $223,000 To $257,900

Data for the market update was used with permission of the GBRAR MLS. Data is from 1/1/2005 to 10/02/2010, extracted on 10/02/2010.

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://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/