Baton Rouge Housings Home Price LOSERS in 2013 Market
And, 5 subdivisions shown below were only down 1% to 2.4%, not serious declines.
THE POSITIVE HERE IS THAT THE LIST OF WINNERS IS 3 TIMES LONGER THAN LIST OF LOSERS!
2013 WAS A GOOD YEAR FOR BATON ROUGE ROUGE REAL ESTATE!
The WINNERS article is located here:
Baton Rouge Housings Home Price WINNERS in 2013 Market
While 2013 was the year of the "Sale Pending" sign for Baton Rouge Real Estate, NOT ALL subdivisions and Baton Rouge Homeowners enjoyed increasing home prices or even stable home prices! I tried to stress to readers in 2013 that just because the media kept reporting month after month increasing number of local home sales, DID NOT mean ALL home prices were increasing. It's most definitely NOT an evenly spread recovery across ALL of Baton Rouge! And, parts of Baton Rouge still appear to be correcting slightly from post Hurricane Katrina "Bubble".
Below is a recent study I completed on the 2013 Baton Rouge Housing Market for homes located in Baton Rouge itself in restricted subdivisions with over ten (10) sales. NOTE: % Change From 2012 Is Difference In Average Sales Prices 2012 vs 2013. While some subdivisions may have only decreased by 1%, there were several near -8% to -10% loses such as Forest Oaks with -8%, Lake At White Oak -9.8%, Lakepark Garden Homes -12%, Reserve At Cedar Lodge -8.8%, Strohmberg Townhomes -8.2% and LSU's DRASTICALLY OVERPRICED University View Condos at -14.4%. In 2012, Strohmberg Townhomes were selling in the whopping high $140's per square foot, which was not sustainable in MLS Area 43 and fell to $141/sf.
DROP ME A NOTE IN THE BOX ON THE RIGHT AND I'LL PREPARE A REPORT ABOUT THIS SUBDIVISIONS PERFORMANCE.
Greater Baton Rouge Association of REALTORS MLS REAL ESTATE DATA NOTE:
Based on information from Greater Baton Rouge Association of REALTORS®\MLS period 01/01/2012 to 12/31/2013, extracted 01/07/2014.
NOTE: Today is the 7th of January and there may be a few more sales for 2013 being reported for end of December 2013 closings which could modify these numbers slightly.
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