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://zacharylouisianarealestate.info/ - Zachary Louisiana FHA Appraisers Report On Beaver Creek February 2009 Update
Sold In Beaver Creek Subdivision from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $305,403
Average Sold Price Per Sq. Ft.: $127.06
Median Sold Price: $276,888
Low Sales Price: $216,600
High Sales Price: $534,500
Average # of Days On Market: 79
# of Sales: 12
Solds In Beaver Creek Subdivision from 01/01/2008 to 02/25/2009 reveals:
Average Sales Price: $294,422
Average Sold Price Per Sq. Ft.: $128.82
Median Sold Price: $299,000
Low Sales Price: $237,500
High Sales Price: $341,900
Average # of Days On Market: 162
# of Sales: 9
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Beaver Creek On The Plains Subdivision, the market direction appears to be increasing. The Average Sales Price has declined -$10,981 or -3.6%., indicating a new trend of scaling down from buying the larger homes to the smaller homes, from more expensive homes down to the less
expensive homes. Median Sales Price has increased +$22,112 or +8%. Average Sold Price Per Sq. Ft. has increased +$1.80/sf or +1.39%. Overall, this market appears to be stable. HOWEVER, the two (2) 2009 sales in Beaver Creek averaged $117.47/sf, $286,250, $286,250 median sales price and were on the market for an average of 365 days, 285 DOM and 445 DOM. So, the 2009 market is reflecting a slowdown, higher DOM and less per sq. ft.. A declining market is defined as, "A stage of diminishing demand in a market area's life cycle." There is certainly less demand for homes in this price range and less homes selling in this price range. Therefore, while property values appear to be stable, there is an oversupply of competing housing and marketing time periods over 6 months - subject's marketing time period was 209 days.
Beaver Creek Data Is Provided With The Permission Of The Greater Baton Rouge Board of Realtors.
http://greaterbatonrougerealestate.tv/ - Pollard Estates Subdivision Baton Rouge LA 70808 Housing Market Report Through 12/2008
SOLDS In Pollard Estates Subdivision from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $329,988
Average Sold Price Per Sq. Ft.: $111.28
Median Sold Price: $272,500
Low Sales Price: $250,000
High Sales Price: $574,900
Average # of Days On Market: 31
# of Sales: 8
SOLDS In Pollard Estates Subdivision from 01/01/2008 to 12/31/2008 reveals:
Average Sales Price: $295,589
Average Sold Price Per Sq. Ft.: $110.36
Median Sold Price: $280,000
Low Sales Price: $175,000
High Sales Price: $540,000
Average # of Days On Market: 54
# of Sales: 9
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Pollard Estates Subdivision, the market direction appears to be still increasing due to very conventient location near the center of Baton Rouge, LSU, and the CBD (Central Business District). However, due to the 1 positive median sales price and 2 other decreasing indicators, the market rate used is "Stable".
The Average Sales Price has decreased by -$34,399. This could be due to the unusual $574,900 sale in the 2007 period, which is not common in Pollard Estates - as the predominant home value in Pollard is approx. $280,000 to $300,000. However, the Median Sales Price increased by +$7,500. Average Sold Price Per Sq. Ft. has decreased just slightly by -$0.92/sf.
Pollard Estates data is presented with the permission of the Greater Baton Rouge Board of Realtors.
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 17 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, Cell: 225-953-0638
Fax: 1-866-663-6065
http://www.batonrougehomesrealtor.com/
http://denhamspringsappraisers.com/ - Walker Louisiana Real Estate News: Housing Market Trend For The Lakes At Fennwood Subdivision?
SOLDS In The Lakes At Fennwood Subdivision from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $198,989
Average Sold Price Per Sq. Ft.: $109.04
Median Sold Price: $194,300
Low Sales Price: $180,000
High Sales Price: $224,000
Average # of Days On Market: 32, # of Sales: 12
SOLDS In The Lakes At Fennwood Subdivision from 01/01/2008 to 02/19/2009 reveals:
Average Sales Price: $196,600
Average Sold Price Per Sq. Ft.: $112.60
Median Sold Price: $190,000
Low Sales Price: $182,000
High Sales Price: $218,000
Average # of Days On Market: 61, # of Sales: 5
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within The Lakes At Fennwood Subdivision, the market direction appears to be declining slightly. The Average Sales Price has declined -$2,389 or -1.20%. Median Sales Price has declined -$4,300 or -2.21%. Average Sold Price Per Sq. Ft. has increased +$3.56/sf or +3.26%.
Lakes at Fennwood data is presented with the permission of the Greater Baton Rouge Board of Realtors.
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 17 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, Cell: 225-953-0638
Fax: 1-866-663-6065
http://denhamspringshomesrealtorblog.com/
http://batonrougerealestateappraisal.com/ - Baton Rouge's Old Jefferson Subdivision Market Report As Of February 2009
An MLS CMA of this Subdivision from 01/07/2007 to 12/31/2007 revealed:
Average Sales Price: $145,150
Average Sold Price Per Sq. Ft.: $92.81
Median Sold Price: $147,000
Low Sales Price: $127,000
High Sales Price: $159,900
Average # of Days On Market: 58
# of Sales: 38 - Excludes 3 REO Sales
An MLS CMA of this Subdivision from 01/01/2008 to 02/19/2009 reveals:
The Average Sales Price: $153,954
The Average Sold Price Per Sq. Ft.: $92.60/sf
The Median Sold Price: $153,700
Low Sales Price: $126,000
High Sales Price: $199,500
Average # of Days On Market: 53
# of Sales: 22 - Excludes 7 REO Sales
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Old Jefferson Subdivision, the market direction appears to be increasing from $147,000 in 2007 to $153,700 in 2008. Also, the average sales price has increased by +$8,804 and average sold price per sq. ft. -$0.21/sf. However, the Averages may have been skewed some by the abnormal $199,500 sale.
Old Jefferson data is presented with the permission of the Greater Baton Rouge Board of Realtors.
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 17 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, Cell: 225-953-0638
Fax: 1-866-663-6065
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Bill Is A Home Appraiser With 17 Years of Residential Appraisal Experience In The Greater Baton Rouge Market. Quick turnaround times, competitive rates and quality service. Online Order Management.
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