Greenwell Springs Real Estate: Bellingrath Estates Housing Market Direction?

http://batonrougebpoappraisals.info/ – Greenwell Springs Real Estate: Bellingrath Estates Housing Market Direction?

A CMA of Bellingrath Subdivision from 11/22/2007 to 11/22/2008 reveals: 
The Average Sales Price: $215,200
The Average Sold Price Per Sq. Ft.: $82.47/sf
The Median Sold Price: $177,000
Low Sales Price: $150,000
High Sales Price: $395,000
Average # of Days On Market: 61 Days On Market
# of Sales: 5

A CMA of Bellingrath Subdivision from 11/22/2006 to 11/22/2007 revealed: 
The Average Sales Price: $200,667
The Average Sold Price Per Sq. Ft.: $91.03/sf
The Median Sold Price: $180,000
Low Sales Price: $159,000
High Sales Price: $320,000
Average # of Days On Market: 26 Days On Market
# of Sales: 6   

Excludes Any Distressed Sales

Bellingrath Estates appears to be in a cooling pattern from the Post Hurricane Katrina Highs.   It’s important to note here that the median sales price generally runs between $177K to $180K and the median sales price declined by -$3,000 between the 2 time periods.  In this case, the average sales price is not at all reliable because there were 2 unusually high value homes sold for $320K and $395K during this period, which skewed the numbers upward and out-of-sync.   The average sold price per sq. ft. declined from $91.03/sf down to $82.47/sf, or -$8.56/sf.   

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 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.batonrougehomeappraisals.com 

 

 

 

Greenwell Springs Real Estate: Bellingrath Estates Housing Market Direction?

Greenwell Springs Real Estate: Bellingrath Estates Housing Market Direction?

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