What Is The Market Direction Of Baton Rouge’s Wimbledon Subdivision Since 8/2006?

http://www.batonrougehomesrealtor.com/ – What Is The Market Direction Of Baton Rouge’s Wimbledon Subdivision Since 8/2006?

Bill Cobb, CREA, a home appraiser with Accurate Valuations Group in the East Baton Rouge, LA market, is
pleased to announce stable home prices within Wimbledon Subdivision, Baton Rouge, LA 70810.   Based on data obtained from The Greater Baton Rouge Board of Realtors, the Wimbledon market has remained stable since the 8/2006 time period, which is good news when comparing the Baton Rouge market to some of the deteriorating National Real Estate markets. 

An MLS CMA of this Wimbledon Subdivision from 8/16/07 to 8/16/08 reveals: 
The Average Sales Price: $219,300
The Average Sold Price Per Sq. Ft.: $95.86/sf
The Median Sold Price: $229,000
Low Sales Price: $184,500
High Sales Price: $233,000
Average # of Days On Market: 55 Days On Market
# of Sales: 5    

An MLS CMA of Wimbledon Subdivision from 8/16/06 to 8/16/07 reveals: 
The Average Sales Price: $228,979
The Average Sold Price Per Sq. Ft.: $92.97/sf
The Median Sold Price: $229,400
Low Sales Price: $184,000
High Sales Price: $300,000
Average # of Days On Market: 72 Days On Market
# of Sales: 14

Therefore, based on the median sales price barometer within Wimbledon, the market direction has remained stable between the 2 periods of time.   The median sales price decreased slightly, only by $400, which isn’t really significant.   While the average sales price decreased from $228,979 to $219,300, the sold price per sq. ft. acutally increased from $92.97/sf up to $95.86/sf.  

Data Used With The Permission Of The Greater Baton Rouge Board of Realtors.  

What Is The Market Direction Of Baton Rouge's Wimbledon Subdivision Since 8/2006?

What Is The Market Direction Of Baton Rouge's Wimbledon Subdivision Since 8/2006?

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