Prairieville Louisiana Real Estate: Silverstone Estates Market Direction: Up or Down?

http://ascensionrealestateappraisers.com/Silverstone Estates Market Direction: Up or Down?   I recently completed a home appraisal in Oakleigh/Silverstone Subdivision and made this discovery below. 

An MLS CMA of this Subdivision from 09/18/2006 to 09/18/2007 reveals: 
The Average Sales Price: $194,960
The Average Sold Price Per Sq. Ft.: $114.52/sf
The Median Sold Price: $189,900
Low Sales Price: $169,900
High Sales Price: $231,000
Average # of Days On Market: 44 Days On Market
# of Sales: 6

An MLS CMA of this Subdivision from 09/18/2007 to 09/18/2008 reveals: 
The Average Sales Price: $193,540
The Average Sold Price Per Sq. Ft.: $118.38/sf
The Median Sold Price: $192,500
Low Sales Price: $168,000
High Sales Price: $219,000
Average # of Days On Market: 60 Days On Market
# of Sales: 10

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Oakleigh/Silverstone Estates, the market direction appears to be increasing slightly.   Also, the  the average sales price has increased by +$2,600 and average sold price per sq. ft. +$3.86/sf.

NOTE: Oakleigh and Silverstone S/Ds are connected.  There were no sales in either period in Oakleigh S/D, but there were 6 sales in the first period and 10 sales in the second period in Silverstone S/D.  And, Silverstone Estates data is presented with the permission of the Greater Baton Rouge Association 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 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://ascensionparishfhaappraisers.com/

Prairieville Louisiana Real Estate: Silverstone Estates Market Direction: Up Or Down?

Prairieville Louisiana Real Estate: Silverstone Estates Market Direction: Up Or Down?

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