Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

http://www.batonrougerealestatetrends.net/ – Walker La Housing Trends: Higher Priced Homes Study Released!  Challenges for higher priced homes persist in this predominantly under $165,000 housing market. 

Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

Accurate Valuations Group Appraiser, Bill Cobb, has performed a 3 year housing market study on MLS Area 82 or Walker from 9/1/2007 to 9/30/2010.  Search parameters were ALL Residential Housing (except Manfactured Housing) from $170,000 to $500,000 and ONLY Proposed or New Homes.  The charts on this page are the results of the study.

THE RESULTS AT A GLANCE: 

Q3 2007 vs. Q3 2010: The median sold price is up 28% (But only based on 2 sales in Q3 2010!) 
 
Q3 2007 vs. Q3 2010: The median price of for sale properties is down 8% and the median price of sold properties is up 28%
 
Q3 2007 vs. Q3 2010: The number of sold properties is down 71%
 
Q3 2007 vs. Q3 2010: The number of under contract properties is down 75%
 
Q3 2007 vs. Q3 2010: The number of new properties is down 75%
 
Q3 2007 vs. Q3 2010: The number of for sale properties is down 74%
 
Q3 2007 vs. Q3 2010: The number of expired properties is down 60%
 
Q3 2007 vs. Q3 2010: The number of for sale properties is down 74% and the number of sold properties is down 71%
 
Q3 2007 vs. Q3 2010: The average days on market is up 149%
NOW FOR THE CHARTS TO ILLUSTRATE THESE RESULTS: 
Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

Q3 2007 vs. Q3 2010: The number of for sale properties is down 74% and the number of sold properties is down 71%

Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!
Q3 2007 vs. Q3 2010: The number of under contract properties is down 75%
Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

Q3 2007 vs. Q3 2010: The number of sold properties is down 71%

 

Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

Q3 2007 vs. Q3 2010: The median sold price is up 28%, BUT ONLY BASED ON 2 SALES IN Q3 2010!

 

Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

Q3 2007 vs. Q3 2010: The number of new properties is down 75%

 

Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

Q3 2007 vs. Q3 2010: The number of for sale properties is down 74%

 

Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

Q3 2007 vs. Q3 2010: The average days on market is up 149%

 

Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

Q3 2007 vs. Q3 2010: The median price of for sale properties is down 8% and the median price of sold properties is up 28%

 

Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

Q3 2007 vs. Q3 2010: The number of expired properties is down 60%

 

Livingston Parish Residential Building Permits Issued Are Also Lower Than In Years Past.

Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

 

There is also a video of this trend as well below.

 

Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

 

 

Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of Sept 1, 2007 to Sept 30, 2010.  This information was extracted on 10/21/2010. 

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Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

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