http://www.batonrougerealestateappraisal.com/ – 2010 Baton Rouge Home Appraisers: Good News For The Lake At White Oak Subdivision
This is a Fannie Mae 1004mc or Market Conditions chart for The Lake At White Oak Subdivision as of 11/24/2010. The 1004MC Form is meant to compare homes that are most similar with a subject property or the home being appraised – the “sub-market” extracted from the broader market. In this case, the subject was 2900sf+/- square foot living area, on the lake and approximately 18 years old. The chart shows a generally improving higher end market BUT a declining Listing-To-Sales-Price-Ratio of 95%, which is understandable. NOTE: This chart doesn’t represent ALL sales in 2010 in The Lakes At White Oak.
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This Chart Also Shows That Since January 2008, there has only been 1 competing REO or Foreclosure Sale. And, there are no or ZERO competing REO or Foreclosure Listings.
2010 VERSUS 2009!
Solds In The Lake At White Oak from 1/2010 to 11/24/2010 revealed:
Average Sales Price: $350,223
Average Sold Price Per Sq. Ft.: $122/sf
Median Sold Price: $332,500
Number of Sales: 91
Solds In The Lake At White Oak from 1/2009 to 12/31/2009 revealed:
Average Sales Price: $311,069
Average Sold Price Per Sq. Ft.: $116/sf
Median Sold Price: $320,000
Number of Sales: 107
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of January 1, 2008 to November 24, 2010. This information was extracted on 11/24/2010.