https://www.batonrougerealestateappraisal.com// – The Lakes At Highland Update, Baton Rouge Real Estate Market Update
The Lakes At Highland (LAH) is a high-end residential development in the highest price zip code within the Baton Rouge marketing area. Home prices within LAH are generally in the $350K to approx. $750K range with a median sales price since 11/03/2007 of $472,000.
Solds From Within The Lakes At Highland Subdivision from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $492,625
Average Sold Price Per Sq. Ft.: $158.34
Median Sold Price: $478,250
Low Sales Price: $375,500
High Sales Price: $685,000
Average # of Days On Market: 70
# of Sales: 12
Solds From Within The Lakes At Highland Subdivision from 01/01/2008 to 01/10/2009 reveals:
Average Sales Price: $473,938
Average Sold Price Per Sq. Ft.: $159.49
Median Sold Price: $498,500
Low Sales Price: $356,000
High Sales Price: $575,000
Average # of Days On Market: 42
# of Sales: 8
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within subdivision, the market direction appears to be increasing to remaining stable/steady. Stable/Steady was chosen as a result of the large # of competing homes on the market.
The Average Sales Price has decreased by -$18,687. This could be due to the fact that there were 2 sales in the first period in 2007 in the $655,000 to $685,000 plus range. These higher sales would have worked to skew the numbers in the second period where the sales were up to $575,000.
Median Sales Price has increased by +$20,250.
Average Sold Price Per Sq. Ft. has increased by +$1.15/sf.
The Lakes At Highland Subdivision Data Is Used With The Permission Of The Greater Baton Rouge Board Of Realtors.
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