Baton Rouge Real Estate: Housing Price Trend For The Glenmore Pl, Steele Pl, Walnut Hills and Westdale Heights Market?

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Baton Rouge Real Estate: Housing Price Trend For The Glenmore Pl, Steele Pl, Walnut Hills And Westdale Heights Market? 

I recently completed a home appraisal on Richland Ave in Walnut Hills S/D.   After researching 4 Subdivisions – Glenmore Place, Steele Place, Walnut Hills and Westdale Heights – this is the market trend I discovered.

Solds From 9/11/06 to 9/11/07 revealed: 
Average Sales Price: $413,049
Average Sold Price Per Sq. Ft.: $147.44/sf
Median Sold Price: $400,000
Low Sales Price: $173,000
High Sales Price: $685,000
# of Sales: 25
Average # of Days On Market: 99 Days On Market

Solds From from 9/11/07 to 9/11/08 revealed:  
Average Sales Price: $410,893
Average Sold Price Per Sq. Ft.: $141.34/sf
Median Sold Price: $410,000
Low Sales Price: $191,500
High Sales Price: $770,000
Average # of Days On Market: 118 Days On Market
# of Sales: 15  

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within this defined area, the market direction appears to have increased slightly, by +$10,000.   However, the average sales price has decreased by -$2,156 and the average sold price per sq. ft has decreased by -$6.10/sf .  

 

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 16 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

Fax: 1-866-663-6065

fastvalue2@cox.net

http://www.eastbatonrougefhaappraisers.com 

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Baton Rouge Real Estate: Housing Price Trend For The Glenmore Pl, Steele Pl, Walnut Hills And Westdale Heights Market?

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