http://realestateappraisertips.info/ – FHA Appraising A Home In Pin Oak Subdivision Baton Rouge Louisiana 70817
What’s the current January 2009 housing market picture for Pin Oak S/D?
Solds In Pin Oak Subdivision from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $143,543
Average Sold Price Per Sq. Ft.: $102.25
Median Sold Price: $142,900
Low Sales Price: $138,000
High Sales Price: $155,000
Average # of Days On Market: 36
# of Sales: 7
Solds In Pin Oak Subdivision from 01/01/2008 to 02/02/2009 reveals:
Average Sales Price: $147,600
Average Sold Price Per Sq. Ft.: $91.11
Median Sold Price: $150,000
Low Sales Price: $125,000
High Sales Price: $170,000
Average # of Days On Market: 32
# of Sales: 5
Listing Price To Sales Price Ratio Has Been: 98.77%
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Subdivision, the market direction appears to be increasing. The Average Sales Price has increased by +$4,057 or +2.83%. Median Sales Price has increased by +$7,100 or +4.97%. Average Sold Price Per Sq. Ft. has decreased by -$11.14/sf or -$10.89%. These represent some wide extremes. However, the 2nd period represents an entire year and only 5 sales. This housing market has slowed considerably and is now “stable”.
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 17 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:
Office: 225-293-1500, Cell: 225-953-0638