Greater Baton Rouge Housing Answers: How Are Hermitage Subdivision 70810 Values Doing in 2010?

 

http://www.gbrhousinganswers.com/ – Greater Baton Rouge Housing Answers: How Are Hermitage Subdivision 70810 Values Doing in 2010?  I performed a home appraisal in Hermitage Subdivision this week and discovered the following housing numbers below.

 

 

Greater Baton Rouge Housing Answers: How Are Hermitage Subdivision 70810 Values Doing In 2010?

 

 

Solds In Hermitage Subdivision from 1/2010 to 12/10/2010 revealed:
Average Sales Price: $101,360  ($81,500 in 2009)
Average Sold Price Per Sq. Ft.: $72/sf  ($59/sf in 2009)
Median Sold Price: $95,000  ($82,000 in 2009)
Number of Sales: 5   (7 in 2009)
Average Number of Days On Market: 83
Low To High: $79,900 to $127,000
Number of Sold REO/Foreclosures Noted In MLS: 2
Current # Listings: 8, 0 Are Foreclosures (But, there are at least 2 REOs coming soon)
Current Listings Prices: $85,000 To $149,900 (the $149,900 is a new home)

 

Greater Baton Rouge Housing Answers: How Are Hermitage Subdivision 70810 Values Doing In 2010?

 

Overall, the Hermitage Subdivision prices appear to be on a rebound from the REO or foreclosure sales the brought the numbers down in 2009. 

Greater Baton Rouge Housing Answers: How Are Hermitage Subdivision 70810 Values Doing In 2010?

 

 

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of January 1, 2009 to December 10, 2010.  This information was extracted on 12/10/2010.   YES, this appraiser does have the permission of the GBRMLS to use the MLS Chart above.  

 

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Greater Baton Rouge Housing Answers: How Are Hermitage Subdivision 70810 Values Doing In 2010?

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