Walker La Housing Trends: Challenges Persist In An Under $165,000 Market!

By
Real Estate Appraiser with Accurate Valuations Group, LLC LA St Certified 851

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 median sold price is up 28% (But only based on 2 sales in Q3 2010!) 
 
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 sold properties is down 71%
 
Q3 2007 vs. Q3 2010: The number of under contract properties is down 75%
 
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 number of expired properties is down 60%
 
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 average days on market is up 149%


NOW FOR THE CHARTS TO ILLUSTRATE THESE RESULTS: 



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 under contract properties is down 75%



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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Rainmaker
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Tom Priester
Paradise Sharks - Jupiter, FL
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William, aways enjoy your local market updates to see how things are moving in your area. I hope your business in fantastic and thank you again for sharing. Cheers!

Oct 26, 2010 10:43 PM #1
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Bill Cobb

Greater Baton Rouge's Home Appraiser
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