https://www.homeappraisalsbatonrouge.com/ – Bright Spot in Baton Rouge Housing News: The Lakes At White Oak Subdivision. There’s a bright spot in Baton Rouge Housing in 2011 – The Lakes At White Oak Subdivision. In the slower sales market of 2011, there’s already been 18 sales year-to-date versus only 16 total for 2010. The chart below shows the median sales price is up 7.8% from August 2010 to August 2011 and up 5.1% since after Hurricane Katrina (or as of 1/1/2006).
There’s so much confidence in this neighborhood that a buyer, in the midst of a national recession, paid $791,500 or $154/sf for 6353 Double Tree Drive, see photo below. 6016 North Shore Drive sold for $464,000 in 1/2011 for $157/sf. A home on North Shore Ct is under contract for an unknown price and listed for $529,500 or $159/sf. Of course, these are homes on the lake and are the exception and not the typical sales price. For 2011, the median sales price for the year is $337,319 or $113/sf.
If there’s any negative report, it’s the 12% REO or sold foreclosure rate or 17 out of 140 total sales.
This home at 5741 Lake Shadow Drive sold for $355,000 or $129/sf in 6/2011
6353 Double Tree Drive (Private Entrance)
From 01/01/2006 to 08/28/2011, GBRMLS is showing 17 REO or Foreclosure sales in The Lakes At White Oak Subdivision out of 140 total sales or about 12%, which is fairly high for East Baton Rouge Parish.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2006 to August 28, 2011. This information was extracted on 08/28/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
Author: Bill Cobb, Appraiser with Accurate Valuations Group
Tags: Baton Rouge Real Estate, Baton Rouge Homes, Baton Rouge Housing, Baton Rouge Home Appraisers, Baton Rouge Real Estate Appraisers, East Baton Rouge, Greater Baton Rouge, Baton Rouge Home Appraisal, Home Appraisals, Baton Rouge Realtors, Baton Rouge Real Estate Agents