http://findfhaappraisersbatonrouge.com/ – Baton Rouge Real Estate Housing News: Greenbriar Hollow 2008 Update
Are Home Values within Greenbriar Hollow Subdivision Increasing, Decreasing, or Holding Steady?
Solds In Greenbriar Hollow from 11/15/07 to 11/15/08 reveal:
Average Sales Price: $200,100
Average Sold Price Per Sq. Ft.: $122.15/sf
Median Sold Price: $210,000
Low Sales Price: $176,000
High Sales Price: $215,500
# of Sales: 5
Average # of Days On Market: 80
Solds In Greenbriar Hollow from 11/15/06 to 11/15/07 reveal:
Average Sales Price: $185,880
Average Sold Price Per Sq. Ft.: $114.73/sf
Median Sold Price: $182,000
Low Sales Price: $157,277
High Sales Price: $214,500
Average # of Days On Market: 71
# of Sales: 6
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Greenbriar Hollow, the market direction appears to be increasing. However, there are 2 sections of Greenbriar Hollow S/D, the older (with homes in the 15-20 yr old range) and newer section (homes in the 5 to 12 yr old range). In the first period between 11/06 to 11/07, there were more of the older homes sold. In the more recent period, from 11/07 to 11/08, there were more
homes sold in the newer section with higher sold prices per sq. ft. So, Yes, the average sales price, median sales price and sold price per sq. ft. all have risen during the past year. However, if one wants to know specifically how much of an increase, one has to divide the both sections and study them independently. The 15-20 yr old homes aren’t selling for as much as the newer homes in Greenbriar Hollow.
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: