http://www.facebook.com/brrebuzz – Baton Rouge Real Estate Buzz: Cloverhill Subdivision Homes Sales Report 2011. Only 1 MLS Sale in 2010 and 2011 for $229,000 and $242,500.
GBRMLS data for the Lakes At Oak Grove Subdivision revealed these interesting findings. From 2008 to 2011, the median sales price has fluctuated from $220,000 to $248,000 to $229,000 to now $242,500 into 2011 based only on 1 sale (rounded). So, 2009 was the post Hurricane Katrina “High” year followed by 2 years of lower sales prices, but based only on 2 sales. In 2011, there’s only been 1 sale for $242,500. There are currently 4 MLS Listings from $214,900, $240,000, $244,900 and $249,900 or $87/sf to $99/sf.
TWO MLS CHARTS OF ALL HOME SALES SINCE 2004
The Chart below shows all home sales since 2004. The median sales price is still down -2.2% since the high in 2009. There was only 1 2010 sale in MLS for $229,900. Again, this chart’s is greatly weighed upward based on this one (1) 2011 sale of $235,000.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2004 to May 9, 2011. This information was extracted on 5/9/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).