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Posts Tagged ‘Market 117’
Baton Rouge Real Estate: Camelot Subdivision 2010 Home Price Trends Declining
01/01/2011 | 
Author http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate: Camelot Subdivision 2010 Home Price Trends Declining
Solds In Camelot Subdivision from 1/2010 to 12/31/2010 revealed:
Average Sales Price: $180,949 ($184,741 in 2009)
Average Sold Price Per Sq. Ft.: $74.83/sf ($76.49/sf in 2009)
Median Sold Price: $181,500 ($189,000 in 2009)
Number of Sales: 6 (11 in 2009)
Average Number of Days On Market: 117 (133 in 2009)
Low To High: $140,000 to $228,000
Number of Sold REO/Foreclosures Noted In MLS: 2
Current # Listings: 1, 1 Is A Foreclosure
Current Listings Price: $148,000 or $64/sf
The Median Sales Price has declined from $189,000 in 2009 to $181,500 in 2010. The Average Sold Price Per Sq. Ft. has declined from $76/sf in 2009 to $75/sf in 2010 (rounded)!
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2010 to December 31, 2010. This information was extracted on 1/1/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
Tags: Baton Rouge Estate Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Housing, Baton Rouge Real Estate Trends, Camelot
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Divorce Appraisals, Baton Rouge FHA Appraisers, Baton Rouge Home Appraisers, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers | 
Tags: Association Of Realtors, Baton Rouge Real Estate News, Camelot, December 31, Estate Appraisers, Fha, Foreclosure Listings, Foreclosures, Gbrmls, Greater Baton Rouge, Home Price Trends, Housing Market, January 1, Market 117, Median Sales Price, Real Estate Trends, Reo, Solds, Sq Ft, Trends Report | 
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FHA Appraisers Geismar Dutchtown Louisiana Report On Cobblestone Parc 2009 Decline 70734
http://www.ascensionrealestateappraisers.com/ - FHA Appraisers Geismar Dutchtown Louisiana Report On Cobblestone Parc 70734
Housing Market Direction For Cobblestone Parc: Up or Down?
Solds In Cobblestone Parc from 1/2008 to 12/2008 revealed:
Average Sales Price: $255,870
Average Sold Price Per Sq. Ft.: $113.41/sf
Median Sold Price: $245,000
Average Days On Market: 117
Number Of Sales: 5
Solds In Cobblestone Parc from 1/2009 to 12/2009 revealed:
Average Sales Price: $224,475
Average Sold Price Per Sq. Ft.: $105.30/sf
Median Sold Price: $226,500
Average Days On Market: 70
Number Of Sales: 4
Therefore, based on the “median sale price barometer” within Cobblestone Parc, the barometer used by the National Association of Realtors, the market direction declined from 2008 to 2009. The 2008 median sales price declined from $245,000 down to $226,500 in 2009 or -7.55%. However, the from peak in 2008 pricing in 11/2008 at $266,500, the median sales price has declined by -20%. However, this is only based on 4 total sales in 2009 and there are so many different sizes and floor plans of homes in Cobblestone Parc that I doubt the true decline has been as much as -20%.
One of the sales in 2009 was an REO that only sold for $95/sf, which attributed to some of the decline. The 4 2009 Solds went for $95/sf, $103/sf, $106/sf and $117/sf. So, it appears support of the later three sales is $109/sf.
The irony of this situation now in 2010 is that there are 3 current listings for $113/sf, $124/sf and $137/sf, the latter 2 listed far above 2009 market support when the market was in decline. Remember we stated above at 2009 support was $109/sf. Perhaps these homes have extras or upgrades to warrant listing prices that are $15/sf to $28/sf above 2009 support. Not Sure! Buyers: Do Your Homework Here and make sure you don’t pay more than market support!
Bill Cobb, Appraiser – Your Local Greater Baton Rouge Housing “Trust Agent”!
For Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500
Posted in Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Appraisers, Association Of Realtors, Barometer, Bill Cobb, Cobblestone, Dutchtown Louisiana, Fha, Floor Plans, Geismar, Greater Baton Rouge, Housing Market, Housing Trust, Market 117, Market Direction, Median Sale Price, Median Sales Price, National Association Of Realtors, Reo, Solds | 1 Comment »