Baton Rouge Real Estate: The Woodlands Housing Market Direction?

http://homeappraisalsbatonrouge.com/ – Baton Rouge Real Estate: The Woodlands Housing Market Direction?

Market Direction For The Woodlands S/D: Up or Down?

Solds In The Woodlands from 9/25/06 to 9/25/07 reveal:
Average Sales Price: $169,622
Average Sold Price Per Sq. Ft.: $95.21/sf
Median Sold Price: $168,000
Low Sales Price: $139,900
High Sales Price: $215,000
# of Sales: 27
Average # of Days On Market: 51 Days On Market

Solds In The Woodlands from 9/25/07 to 9/25/08 reveal:
Average Sales Price: $172,106
Average Sold Price Per Sq. Ft.: $95.56/sf
Median Sold Price: $173,000
Low Sales Price: $135000
High Sales Price: $206,000
Average # of Days On Market: 64 Days On Market
# of Sales: 17

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within The Woodlands, the market direction appears to be increasing. And, the average sales price has increased by +$2,484 and average sold price per sq. ft. +$0.35/sf. Yes, this market has slowed with 17 sales in the previous 12 months versus 27 sales between 9/06 to 9/07. However, when one reads the constant negative national real estate headlines, the fact that The Woodlands has 17 closed sales and values are still increasing in a “Post Mortgage Meltdown” and a “Tight Credit Crisis”, that’s great news for the Baton Rouge Housing Market!

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.batonrougehomeappraisals.com

Baton Rouge Real Estate: The Woodlands Housing Market Direction?

Baton Rouge Real Estate: The Woodlands Housing Market Direction?

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