Greenwell Springs, LA

http://fhaappraisersbatonrouge.com/ - Baton Rouge FHA Appraisers Report On Bellingrath Lakes 70739 For 12/2008

Solds In Bellingrath Lakes from 01/01/2007 to 12/31/207 revealed:
Average Sales Price: $297,555
Average Sold Price Per Sq. Ft.: $124.27
Median Sold Price: $287,300
Low Sales Price: $259,900
High Sales Price: $383,000
Average # of Days On Market: 117
# of Sales: 11

Solds In Bellingrath Lakes from 01/01/2008 to 12/31/2008 reveals:
Average Sales Price: $298,920
Average Sold Price Per Sq. Ft.: $128.41
Median Sold Price: $296,500
Low Sales Price: $250,000
High Sales Price: $365,000
Average # of Days On Market: 70
# of Sales: 11

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Bellingrath Lakes, the market direction appears to be INCREASING. The average sales price has increased by +$1,365, median sales price has increased by +$9,200, and average sold price per sq. ft. +$4.14/sf.

However, this data showing an increase is also from the entire 2008 period, which presents a lag time in actual market activity. This data must also be weighed with the recent BR Business Report News. According to the Baton Rouge Business Report and the Greater Baton Rouge Association of Realtors on 12/12/2008 http://www.businessreport.com/archives/daily-report/2008/dec/12/715/:

"November home sales down 38%
The number of houses sold in the Capital Region was down 38% in November, while the average sale price dropped by 5.3%. According to figures from the Greater Baton Rouge Association of Realtors Multiple Listing Service, there were 405 homes sold in the area last month, compared with 658 in November 2007. The average sale price was $186,129, compared with $196,521 one year ago. East Baton Rouge Parish saw the smallest drop in average sale prices, a 2.7% decrease from $196,521 to $190,413. The average dropped 10.6% in Ascension Parish, from $245,127 to $219,164. In Livingston Parish, the average was down 9.1%, from $158,120 to $143,632. And in the other category, which includes MLS sales in West Baton Rouge, East and West Feliciana, Iberville and Pointe Coupee parishes, the average was down 11.2% from $193,285 to $171,705. Year to date, the number of houses sold in the Capital Region is down 25%, from 8,926 sales as of November 2007 to 6,821 in the first 11 months of this year."

CURRENT LISTINGS. There are currently 6 MLS Listings, 5 Active and 1 Pending, listed between $123.35/sf up to $131.18/sf. The actives have been on the market an average of 131 days and the 1 pending had been on the market for 169 days.

NOTE: Bellingrath Lakes data is presented with the permission of the Greater Baton Rouge Association of Realtors.

http://batonrougebpoappraisals.info/ - Greenwell Springs Real Estate: Bellingrath Estates Housing Market Direction?

A CMA of Bellingrath Subdivision from 11/22/2007 to 11/22/2008 reveals:
The Average Sales Price: $215,200
The Average Sold Price Per Sq. Ft.: $82.47/sf
The Median Sold Price: $177,000
Low Sales Price: $150,000
High Sales Price: $395,000
Average # of Days On Market: 61 Days On Market
# of Sales: 5

A CMA of Bellingrath Subdivision from 11/22/2006 to 11/22/2007 revealed:
The Average Sales Price: $200,667
The Average Sold Price Per Sq. Ft.: $91.03/sf
The Median Sold Price: $180,000
Low Sales Price: $159,000
High Sales Price: $320,000
Average # of Days On Market: 26 Days On Market
# of Sales: 6

Excludes Any Distressed Sales

Bellingrath Estates appears to be in a cooling pattern from the Post Hurricane Katrina Highs. It's important to note here that the median sales price generally runs between $177K to $180K and the median sales price declined by -$3,000 between the 2 time periods. In this case, the average sales price is not at all reliable because there were 2 unusually high value homes sold for $320K and $395K during this period, which skewed the numbers upward and out-of-sync. The average sold price per sq. ft. declined from $91.03/sf down to $82.47/sf, or -$8.56/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 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.batonrougehomeappraisals.com

http://homeappraisalsbatonrouge.com/ - Greenwell Springs Real Estate: What's The Housing Market Direction For Cedar Mill Run?

Cedar Mill Run Market Direction: Up, Down or Stable? I recently completed a home appraisal in Cedar
Mill Run Subdivision, On Harvest Drive, and made this discovery below.

Solds In Cedar Mill Run from 09/21/2006 to 09/21/2007 reveal:
The Average Sales Price: $116,581
The Average Sold Price Per Sq. Ft.: $95.62/sf
The Median Sold Price: $114,500
Low Sales Price: $92,000
High Sales Price: $135,000
Average # of Days On Market: 20 Days On Market
# of Sales: 16

Solds In Cedar Mill Run from 09/21/2007 to 09/21/2008 reveal:
The Average Sales Price: $118,767
The Average Sold Price Per Sq. Ft.: $101.69/sf
The Median Sold Price: $113,000
Low Sales Price: $89,000
High Sales Price: $157,500
Average # of Days On Market: 21 Days On Market
# of Sales: 21

Excludes Any REO Sales

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Cedar Mill Run, the market direction appears to be decreasing slightly by -$1,500. However, this doesn't make logical sense when the average sales price increased by +$2,186 and average sold price per sq. ft. increased by a whopping +$6.07/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 Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Contact Bill Cobb or Staff 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.batonrougehomeappraisals.com

Baton Rouge Real Estate Update

Here is a quick Baton Rouge Real Estate Update

There are 4330 Homes For Sale in the greater Baton Rouge Area

1119 Pending to close

2002 Sold Year to date