Baton Rouge’s Old Jefferson Subdivision Market Report As Of February 2009

http://batonrougerealestateappraisal.com/ – Baton Rouge’s Old Jefferson Subdivision Market Report As Of February 2009

Baton Rouge's Old Jefferson Subdivision Market Report As Of February 2009 

An MLS CMA of this Subdivision from 01/07/2007 to 12/31/2007 revealed: 
Average Sales Price: $145,150
Average Sold Price Per Sq. Ft.: $92.81
Median Sold Price: $147,000
Low Sales Price: $127,000
High Sales Price: $159,900
Average # of Days On Market: 58
# of Sales: 38 – Excludes 3 REO Sales

An MLS CMA of this Subdivision from 01/01/2008 to 02/19/2009 reveals: 
The Average Sales Price: $153,954
The Average Sold Price Per Sq. Ft.: $92.60/sf
The Median Sold Price: $153,700
Low Sales Price: $126,000
High Sales Price: $199,500
Average # of Days On Market: 53
# of Sales: 22 – Excludes 7 REO Sales

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Old Jefferson Subdivision, the market direction appears to be increasing from $147,000 in 2007 to $153,700 in 2008.   Also, the average sales price has increased by +$8,804 and average sold price per sq. ft. -$0.21/sf.  However, the Averages may have been skewed some by the abnormal $199,500 sale.

Old Jefferson data is presented 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 17 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, Cell: 225-953-0638

Fax: 1-866-663-6065

fastvalue2@cox.net

http://www.getfastvalue.com 

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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