Baton Rouge Real Estate: What’s The Housing Market Direction For MLS Area 52 – Zip Code 70808?

http://homeappraisalsbatonrouge.com/Baton Rouge Real Estate: What’s The Housing Market Direction For MLS Area  52 – Zip Code 70808?

Zip Code 70808 Market Direction: Up or Down?    I recently completed a home appraisal in 70808 and made this discovery below.   Search Parameters were $125,000 to $1,000,000.

Solds In 70808 from 9/09/07 to 9/09/08 reveal: 
Average Sales Price: $282,805
Average Sold Price Per Sq. Ft.: $126.82/sf
Median Sold Price: $247,899
Low Sales Price: $125,000
High Sales Price: $985,000
# of Sales: 281
Average # of Days On Market: 63 Days On Market

Solds In 70808 from 9/09/06 to 9/09/07 reveal:  
Average Sales Price: $281,445
Average Sold Price Per Sq. Ft.: $127.04/sf
Median Sold Price: $244,900
Low Sales Price: $125,000
High Sales Price: $960,000
Average # of Days On Market: 50 Days On Market
# of Sales: 320  

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within 70808, the market direction appears to be increasing just slightly.   The average sales price has increased by +$1,360 and average sold price per sq. ft. -$0.22/sf.   So, overall, the 70808 housing market appears to be stable in home prices.

 

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 Baotn 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: What's The Housing Market Direction For MLS Area  52 - Zip Code 70808?

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