Baton Rouge Real Estate: Vignes Lake Housing Market Trend in 10/2008?

http://batonrougerealestateappraisers.com/ – Baton Rouge Real Estate: Vignes Lake Housing Market Trend in 10/2008?

Solds In Vignes Lake Subdivision from 10/02/2006 to 10/02/2007 reveals: 
The Average Sales Price: $237,150
The Average Sold Price Per Sq. Ft.: $116.05/sf
The Median Sold Price: $237,500
Low Sales Price: $216,000
High Sales Price: $257,900
Average # of Days On Market: 39 Days On Market
# of Sales: 6

Solds In Vignes Lake Subdivision from 10/02/2007 to 10/02/2008 reveals: 
The Average Sales Price: $243,738
The Average Sold Price Per Sq. Ft.: $112.88/sf
The Median Sold Price: $243,550
Low Sales Price: $212,000
High Sales Price: $310,000
Average # of Days On Market: 43 Days On Market
# of Sales: 12

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Vignes Lake, the market direction appears to be increasing.   While the average sales price has increased by $6,588 and median has increased by $6,050, the average sold price per sq. ft. has decreased more than $3 dollar or -$3.17/sf.  

Vignes Lakes information is 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 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: Vignes Lake Housing Market Trend In 10/2008?

Baton Rouge Real Estate: Vignes Lake Housing Market Trend In 10/2008?

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