http://www.batonrougerealestatetrends.net/ - Walker La Housing Trends: Higher Priced Homes Study Released! Challenges for higher priced homes persist in this predominantly under $165,000 housing market.
Accurate Valuations Group Appraiser, Bill Cobb, has performed a 3 year housing market study on MLS Area 82 or Walker from 9/1/2007 to 9/30/2010. Search parameters were ALL Residential Housing (except Manfactured Housing) from $170,000 to $500,000 and ONLY Proposed or New Homes. The charts on this page are the results of the study.
THE RESULTS AT A GLANCE:
Q3 2007 vs. Q3 2010: The number of for sale properties is down 74% and the number of sold properties is down 71%
Q3 2007 vs. Q3 2010: The number of sold properties is down 71%
Q3 2007 vs. Q3 2010: The median sold price is up 28%, BUT ONLY BASED ON 2 SALES IN Q3 2010!
Q3 2007 vs. Q3 2010: The number of new properties is down 75%
Q3 2007 vs. Q3 2010: The number of for sale properties is down 74%
Q3 2007 vs. Q3 2010: The average days on market is up 149%
Q3 2007 vs. Q3 2010: The median price of for sale properties is down 8% and the median price of sold properties is up 28%
Q3 2007 vs. Q3 2010: The number of expired properties is down 60%
Livingston Parish Residential Building Permits Issued Are Also Lower Than In Years Past.
There is also a video of this trend as well below.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of Sept 1, 2007 to Sept 30, 2010. This information was extracted on 10/21/2010.
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