Baton Rouge Housing Market Metrics: Stevendale Heights Market Update For 2010

http://www.batonrougemarketmetrics.com/ – Stevendale Heights Market Update For 2010 in 70819

I recently completed a home appraisal assignment on Minden Street in Stevendale Heights on a larger than average 1,300sf home for this subdivision and noticed these observations.  According to Legal News history, Stevendale Heights appears to experience a higher than average foreclosure or REO history.  Just on Minden Street, there are currently 2 REOs or foreclosues in process, 2745 and 2766 Minden Street.  And, 2739 Minden Street sold as an REO in May 2010.  In fact, ALL 3 sales in 2010 were either REO or distressed in nature.

Baton Rouge Housing Market Metrics: Stevendale Heights Market Update For 2010

 

 Solds In Stevendale Heights from 1/2010 to 12/17/2010 revealed:


Average Sales Price: $46,149  ($73,470 in 2009)
Average Sold Price Per Sq. Ft.: $38/sf   ($53/sf in 2009)
Median Sold Price: $48,500  ($70,000 in 2009)
Number of Sales: 3  (10 in 2009) 
Average Number of Days On Market: 129
Low To High: $30,000 to $59,948
Number of Sold REO/Foreclosures Noted In MLS: 3
Current # Listings: 7, 2 Are Foreclosures
Current Listings Prices: $52,000 To $87,000

 

Baton Rouge Housing Market Metrics: Stevendale Heights Market Update For 2010

 

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of January 1, 2009 to December 17, 2010.  This information was extracted on 12/17/2010.  YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!

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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