Property Value Report for Homes Sold, 2001-2009

The Lake at White Oak Subdivision is in southeast Baton Rouge, bordering the Amite River which forms the boundary line between East Baton Rouge and Livingston parishes.  It is, in effect, on the "outskirts" of the city.  There are a little over 500 homes, most of which would be valued in the range of $250,000 to $390,000.  They are mostly one-level homes with 4 bedrooms and 2-3 baths.  Currently, there are only five homes for sale.

Beginning in 2001 the average price per square foot for sold homes steadily rose from $90.13 in 2001 to $117.93 in 2007.  While the rest of the country saw a peak in prices, the effect of Hurricane Katrina on this area was to continue to place upward pressure on prices into 2007, as many residents from New Orleans moved here. 

Price per square foot declined in 2008, down to $111.37 based on the sale of 28 homes.  In 2009, based on the sale of 13 homes, prices climbed back up to $116.44 per square foot.  Based on supply versus demand considerations, as more homeowners might have been waiting for the bottoming process in the market, fewer homes for sale on the supply side evidently had the effect of pushing up prices for buyers who held a serious preference for buying in this particular neighborhood.

If you are interested in learning more about the Lake at White Oak, you can visit the website at www.lakeatwhiteoak.com.

Interested buyers and sellers can contact me at 225-266-3562 or send email to sallie@SallieWilliams.com