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Baton Rouge Home Appraisal Trends: Prairieville Housing Market Update

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

http://www.batonrougerealestateappraisal.com/ - Ascension Parish Prairieiville La Home Sales Trends: Manchac Crossing 2005-2010 Home Sales Report

 

 

Total # 2010 Sales: 6
Average Sales Price: $236,700
Median Sales Price: $233,500
Average Sold Price: $117.25/sf
Average List To Sale Price Ratio: 96%
Average Days On Market: 62

 

 

 

One 2011 Sale $205,000 or $124/sf. It appears Manchac Crossing Median Sales Prices are continuing to Decline from 2008 highs of $242,750. Median Prices since 2006 have been $218,000, $219,950, $242,750, $237,500, $233,250 and now $205,000 in 2011. So, there was the rise in prices after Hurricane Katrina, then the deflating of the market!  And, post Federal Tax Credit Expiration, homes are remaining on the market longer as well. 

 

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to March 25, 2011. This information was extracted on 03/25/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

 

 

 

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