http://www.zacharylouisianarealestate.info/ - The Oaks Of Zachary Subdivision Zachary Louisiana 70791 Market Report. In my opinion, The Oaks of Zachary is one of the most beautiful in the Zachary Housing Market!

 

 

 

This is a 2012 homes sales report for The Oaks of Zachary Subdivision in Zachary Louisiana 70791. In 2011, there were 10 home sales in GBRMLS with median sales price of $198,000 and $127/sf. In 2012, there’s been 1 sale for $207,500 or $131/sf.

To Listen To The Audio Report, Click Below. 

 

 

WHY I REPORT MEDIAN SALES PRICE VERSUS AVERAGE SALES PRICE?

 

NOTE: Why Median Sales Price is a better indicator than Average Sales Price! Median Sales Price is the barometer by which the National Association of Realtors utilizes to report on national housing markets. Average Sales Price tends to take all of the home sales prices from the lowest, say $50,000, to the highest, say $1,000,000, and state the average of them all, sometimes skewing the numbers because of the extreme highs and lows. Median Sales Price tends to focus more on the middle of where the bulk of home sales prices are taking place. Generally, the Average Sales Price is going to be higher because it includes the extreme high sales prices in a given market. Fannie Mae understands the problem with using Average Sales Price and now demands home appraisers perform the 1004MC or Market Conditions form based on narrower “sub-market” parameters for comp search. This means that on a 2,000sf home, appraisers would be searching for comps with say 200sf below and above 2,000sf, say 1,800sf up to 2,200sf with similar ages and other similar characteristics.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2011 to April 10, 2012. This information was extracted on 04/10/2012. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!

 

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Bill Cobb Greater Baton Rouge Home Appraiser

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