Baton Rouge Real Estate: Springlake At Bluebonnet Highlands Housing Market Update

http://batonrougefhaappraisers.com/Baton Rouge Real Estate: Springlake At Bluebonnet Highlands Housing Market Update

Springlake Market Direction: Up, Down or Stable?   I made a recent study of Springlake and made this discovery below. 

Solds In Springlake from 11/20/06 to 11/20/07 revealed: 
Average Sales Price: $220,975
Average Sold Price Per Sq. Ft.: $133.11/sf
Median Sold Price: $220,900
Low Sales Price: $195,000
High Sales Price: $244,900
# of Sales: 61
Average # of Days On Market: 39

Solds In Springlake from 11/20/07 to 11/20/08 reveal:  
Average Sales Price: $222,186
Average Sold Price Per Sq. Ft.: $136.13/sf
Median Sold Price: $220,000
Low Sales Price: $195,000
High Sales Price: $250,000
Average # of Days On Market: 41
# of Sales: 50  

Overall within Springlake, the market direction appears to be stable.  While the average sales price has increased by +$1,211, the median sales price decreased by -$900.  But, the average sold price per sq. ft. increased +$3.02/sf.  Considering the recent “The Advocate” newspaper stating a decline in Baton Rouge Home Prices, this decline doesn’t appear to apply to Springlake At Bluebonnet. 

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://findfhaappraisersbatonrouge.com/

Baton Rouge Real Estate: Springlake At Bluebonnet Highlands Housing Market Update

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