Pine Park Subdivision Update, Baton Rouge Real Estate Update For 70809  – http://batonrougerealestateappraisal.com/

Westminster Place / Pine Park Subdivisions Map

Pine Park Subdivision: Solds $252,900K to $275K, 2 sales since 1/1/08, avg size 2,559sf, avg sold price $103.53/sf, median sales price $264K, List-Sales Ratio: 96.12%.

An MLS CMA of this Subdivision from 01/01/2007 to 12/31/2007 revealed: 
Average Sales Price: $251,600
Average Sold Price Per Sq. Ft.: $92.83
Median Sold Price: $215,000
Low Sales Price: $199,900
High Sales Price: $339,900
Average # of Days On Market: 20
# of Sales: 3

An MLS CMA of this Subdivision from 01/01/2008 to 01/17/2009 reveals: 
Average Sales Price: $263,950
Average Sold Price Per Sq. Ft.: $103.53
Median Sold Price: $263,950
Low Sales Price: $252,900
High Sales Price: $275,000
Average # of Days On Market: 37
# of Sales: 2

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Pine Park Subdivision, the market direction appears to be increasing.   However, it’s difficult to draw a conclusion based on only 3 sold sin 2007 and 2 solds in 2008.   So, this data may not be totally reliable for a trend conclusion.   Pine Park data used 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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Baton Rouge Pre-Listing Appraisals

http://batonrougerealestateappraisal.com/ – Senate OKs $15,000 Bonus for Greater Baton Rouge Home Buyers

Federal Government $15,000 Bonus Incentive

Housing could get a big boost from the latest addition to the mammoth stimulus bill working its way through Congress.

Senate legislators unanimously approved a proposal Wednesday that would allow a tax credit for home buyers of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax break but only for first-time homebuyers.

“It is time to fix housing first,” said Sen. Johnny Isakson, R-G.

Isakson’s office said the proposal would cost the government an estimated $19 billion. In all, the stimulus is now topping an estimated $920 billion.

In an op-ed that appears in Thursday’s Washington Post, President Barack Obama painted a dire picture if Congress fails to move quickly to pass the stimulus bill.

“This recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse,” Obama wrote in the op-ed titled, “The Action Americans Need.”

Source: The Associated Press, David Espo (02/05/09)