Real Estate Appraisers Baton Rouge Pollard Estates Subdivision Baton Rouge LA 70808 Housing Market Report Through 12/2008

http://greaterbatonrougerealestate.tv/ – Pollard Estates Subdivision Baton Rouge LA 70808 Housing Market Report Through 12/2008

Real Estate Appraisers Baton Rouge Pollard Estates Subdivision Baton Rouge LA 70808 Housing Market Report Through 12/2008

SOLDS In Pollard Estates Subdivision from 01/01/2007 to 12/31/2007 revealed: 
Average Sales Price: $329,988
Average Sold Price Per Sq. Ft.: $111.28
Median Sold Price: $272,500
Low Sales Price: $250,000
High Sales Price: $574,900
Average # of Days On Market: 31
# of Sales: 8

SOLDS In Pollard Estates Subdivision from 01/01/2008 to 12/31/2008 reveals: 
Average Sales Price: $295,589
Average Sold Price Per Sq. Ft.: $110.36
Median Sold Price: $280,000
Low Sales Price: $175,000
High Sales Price: $540,000
Average # of Days On Market: 54
# of Sales: 9

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Pollard Estates Subdivision, the market direction appears to be still increasing due to very conventient location near the center of Baton Rouge, LSU, and the CBD (Central Business District).    However, due to the 1 positive median sales price and 2 other decreasing indicators, the market rate used is “Stable”.

The Average Sales Price has decreased by -$34,399.   This could be due to the unusual $574,900 sale in the 2007 period, which is not common in Pollard Estates – as the predominant home value in Pollard is approx. $280,000 to $300,000.  However, the Median Sales Price increased by +$7,500.   Average Sold Price Per Sq. Ft. has decreased just slightly by -$0.92/sf.

Pollard Estates data is presented 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, Cell: 225-953-0638

Fax: 1-866-663-6065

fastvalue2@cox.net

http://www.batonrougehomesrealtor.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