Country Manor 70816 Housing Market Update From Bill Cobb Baton Rouge FHA Appraiser

Country Manor 70816 Housing Market Update From Bill Cobb Baton Rouge FHA Appraiser

Country Manor 70816 Housing Market Update From Bill Cobb Baton Rouge FHA Appraiser

Country Manor $154,900 to $174,900, 10 sales since 1/19/08, average size 1,468sf, average sold price $113.06/sf, median sales price $162K, List-Sales Ratio: 99.07%.

Baton Rouge FHA Appraisers Country Manor - Country Manor 70816 Housing Market Update From Bill Cobb Baton Rouge FHA Appraiser

Solds from 01/01/2007 to 12/31/2007 revealed: 
Average Sales Price: $157,755
Average Sold Price Per Sq. Ft.: $111.50
Median Sold Price: $154,750
Low Sales Price: $140,000
High Sales Price: $175,000
Average # of Days On Market: 27
# of Sales: 16

Solds from 01/19/2008 to 01/19/2009 reveals: 
Average Sales Price: $162,4430
Average Sold Price Per Sq. Ft.: $113.06
Median Sold Price: $161,950
Low Sales Price: $154,900
High Sales Price: $174,900
Average # of Days On Market: 25
# of Sales: 10
Listing Price To Sales Price Ratio Has Been: 99.07%

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Country Manor Subdivision, the market direction appears to be increasing.    However, the second period of statistics represents an entire year, the latest sale taking place in 10/2008.   Due to the National Mortgage Meltdown, this market has slowed down, mainly with sales slowing down.   Market values still appear to be stable though. 

The Average Sales Price has increased by +$4,688.

Median Sales Price has increased by +$7,200. 

Average Sold Price Per Sq. Ft. has increased by +$1.56/sf.

Country Manor data provided 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

Fax: 1-866-663-6065

fastvalue2@cox.net

http://www.batonrougerealestateappraisers.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