Baton Rouge Home Appraisers: Good News For The Lake At White Oak Subdivision 2010

 

http://www.batonrougerealestateappraisal.com/ – 2010 Baton Rouge Home Appraisers: Good News For The Lake At White Oak Subdivision

Baton Rouge Home Appraisers: Good News For The Lake At White Oak Subdivision 2010

 

This is a Fannie Mae 1004mc or Market Conditions chart for The Lake At White Oak Subdivision as of 11/24/2010.  The 1004MC Form is meant to compare homes that are most similar with a subject property or the home being appraised – the “sub-market” extracted from the broader market.  In this case, the subject was 2900sf+/- square foot living area, on the lake and approximately 18 years old.  The chart shows a generally improving higher end market BUT a declining Listing-To-Sales-Price-Ratio of 95%, which is understandable.  NOTE: This chart doesn’t represent ALL sales in 2010 in The Lakes At White Oak.  

 

Baton Rouge Home Appraisers: Good News For The Lake At White Oak Subdivision 2010

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Baton Rouge Home Appraisers: Good News For The Lake At White Oak Subdivision 2010

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This Chart Also Shows That Since January 2008, there has only been 1 competing REO or Foreclosure Sale.   And, there are no or ZERO competing REO or Foreclosure Listings.

 

2010 VERSUS 2009!

Solds In The Lake At White Oak from 1/2010 to 11/24/2010 revealed:
Average Sales Price: $350,223
Average Sold Price Per Sq. Ft.: $122/sf
Median Sold Price: $332,500
Number of Sales: 91

Solds In The Lake At White Oak from 1/2009 to 12/31/2009 revealed:
Average Sales Price: $311,069
Average Sold Price Per Sq. Ft.: $116/sf
Median Sold Price: $320,000
Number of Sales: 107

 

 

Baton Rouge Home Appraisers: Good News For The Lake At White Oak Subdivision 2010

 

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of January 1, 2008 to November 24, 2010.   This information was extracted on 11/24/2010. 

 

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About Bill Cobb, Appraiser

The Baton Rouge Residential Appraisal Blog is an information source provided by local Home Appraiser, Bill Cobb, and Accurate Valuations Group. Bill has 24 years experience as a Baton Rouge Residential Home Appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! 225-293-1500