Is The Market Direction For Summerfield Subdivision Up or Down In The Previous 12 Month Period Of Time?
An MLS CMA of this Subdivision from 8/12/07 to 8/12/08 reveals:
The Average Sales Price: $202,350
The Average Sold Price Per Sq. Ft.: $108.89/sf
The Median Sold Price: $202,750
Low Sales Price: $184,900
High Sales Price: $219,000
Average # of Days On Market: 97 Days On Market
# of Sales: 4
An MLS CMA of this Subdivision from 8/12/06 to 8/12/07 reveals:
The Average Sales Price: $195,667
The Average Sold Price Per Sq. Ft.: $104.29/sf
The Median Sold Price: $196,000
Low Sales Price: $181,000
High Sales Price: $210,000
Average # of Days On Market: 42 Days On Market
# of Sales: 3
Therefore, based on the median sale price barometer (NAR’s barometer) within Summerfield S/D, the market direction is increasing with a +$6,750 increase in median sales prices. The price per sq. ft. sold increased by +$4.60/sf.
Summerfield S/D data is used with the permission of the GBRAR.
Bill Cobb, CREA is an FHA appraiser specializing in appraising Denham Springs homes. Visit: http://www.denhamspringshomeappraisals.com/
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