http://batonrougerealestateappraisal.com/ – Baton Rouge Real Estate 70809 Update
Within Santa Maria, the CMA reveals average sales price $583K, low $320K, high $1,600,000 with avg days on mkt of 160+ days.
An MLS CMA of this Subdivision from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $583,790
Average Sold Price Per Sq. Ft.: $162.96
Median Sold Price: $562,450
Low Sales Price: $315,000
High Sales Price: $1,600,000
Average # of Days On Market: 120
# of Sales: 82
An MLS CMA of this Subdivision from 01/01/2008 to Present reveals:
Average Sales Price: $583,409
Average Sold Price Per Sq. Ft.: $159.35
Median Sold Price: $557,360
Low Sales Price: $320,000
High Sales Price: $1,021,700
Average # of Days On Market: 160
# of Sales: 42
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Santa Maria Subdivision, the market direction appears to be declining slightly, down -1%. This market has slowed considerably with 2008 vs 2007 Sales down -49%. There are currently 31 listings in MLS in Santa Maria and 2 listings in www.fsbobr.com, for a total of 33 listing. Considering the 42 homes old sold since 1/1/2008, there is somewhat of an inventory of homes on the market in Santa Maria.
The Average Sales Price has decreased by only -$0,381 or less than 1%
Median Sales Price has decreased slightly by -$5,090 or -1%
Average Sold Price Per Sq. Ft. has decreased by -$3.61/sf or -$2.22/sf.
70809 data used with the permission of the Greater Baton Rouge Board of Realtors
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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
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