Baton Rouge Real Estate 70814 Update – Monticello Subdivision Ages 11 Years +

http://batonrougerealestateappraisal.com/ – Baton Rouge Real Estate 70814 Update – Monticello Subdivision Ages 11 Years +

Solds In Monticello Subdivision from 01/01/2007 to 12/31/2007, ages 11 Yrs + revealed: 
Average Sales Price: $150,440
Average Sold Price Per Sq. Ft.: $84.47
Median Sold Price: $150,000
Low Sales Price: $119,000
High Sales Price: $197,000
Average # of Days On Market: 54
# of Sales: 22

Solds In Monticello Subdivision from 01/01/2008 to 02/02/2009, ages 11 Yrs + reveals: 
Average Sales Price: $143,363
Average Sold Price Per Sq. Ft.: $86.10
Median Sold Price: $134,000
Low Sales Price: $127,000
High Sales Price: $175,000
Average # of Days On Market: 85
# of Sales: 8
Does not exclude any REO sales.

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 decreasing.  Median Sales Price declined from $150,000 down to $134,000, a decline of -$16,000 or -10.67%.   Data shows that sales have slowed dramatically, down 64% from 2007 levels.   The declines are believed to be partly attributable a rise in foreclosures in Monticello as 2 of the 8 total sales for the second period was REO sales or 25%.  

The Average Sales Price has decreased by -$7,077 or -4.70%.

Median Sales Price has decreased by -$16,000 or -10.67%. 

Average Sold Price Per Sq. Ft. has increased by +$1.63/sf.

Monticello data used with the permission of the Greater Baton Rouge Board Of Realtors.

 

Author’s Bio:

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

Fax: 1-866-663-6065

fastvalue2@cox.net

http://www.batonrougefhaappraisers.com

Baton Rouge Real Estate 70814 Update - Monticello Subdivision Ages 11 Years +

 

 

 

 

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Baton Rouge Real Estate 70814 Update - Monticello Subdivision Ages 11 Years +

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