http://realestatemarbles.com/batonrougerealestate/ – Median Listing Prices Have Been Correcting In Baton Rouge Housing Since 2007. According to the Zillow.com charts below, the Baton Rouge Median Listings Prices for housing has been “declining” since 2007. NOTE: These charts do represent median “listing” prices and not actual sold prices. The GBRMLS is reporting an average sales price for the four (4) local parishes as $192,400 and those numbers can be found here under Baton Rouge Housing Trends For 2011. This is lower than the 2010 Annuals average of $195,756 by -1.6%.
According to the Zillow.com charts below, the Baton Rouge Median Listings Prices for housing has been “declining” since 2007. And, the important point is the mortgage chart below. Even the low mortgage rates in the 3% to 4% are not stemming the declines and/or correction.
NOTE: Based on information from Zillow.com, link http://www.zillow.com/local-info/LA-Baton-Rouge/r_44055/
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).