http://batonrougerealestateappraisal.com/ – Baton Rouge’s Old Jefferson Subdivision Market Report As Of February 2009
An MLS CMA of this Subdivision from 01/07/2007 to 12/31/2007 revealed:
Average Sales Price: $145,150
Average Sold Price Per Sq. Ft.: $92.81
Median Sold Price: $147,000
Low Sales Price: $127,000
High Sales Price: $159,900
Average # of Days On Market: 58
# of Sales: 38 – Excludes 3 REO Sales
An MLS CMA of this Subdivision from 01/01/2008 to 02/19/2009 reveals:
The Average Sales Price: $153,954
The Average Sold Price Per Sq. Ft.: $92.60/sf
The Median Sold Price: $153,700
Low Sales Price: $126,000
High Sales Price: $199,500
Average # of Days On Market: 53
# of Sales: 22 – Excludes 7 REO Sales
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Old Jefferson Subdivision, the market direction appears to be increasing from $147,000 in 2007 to $153,700 in 2008. Also, the average sales price has increased by +$8,804 and average sold price per sq. ft. -$0.21/sf. However, the Averages may have been skewed some by the abnormal $199,500 sale.
Old Jefferson data is presented with the permission of the Greater Baton Rouge Board of Realtors.
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