Greenwood Estates Baton Rouge Appraiser Charts Show Lower Prices

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

Greenwood Estates Baton Rouge Appraiser Charts Show Declining Prices

Over the past three years, Greenwood Estates Median Sold Price by quarter Q3-2011 vs Q3-2014 is down -5%.  Sold Properties is up 400%, Sold Properties (Bank Owned Properties) has not changed meaning foreclosure are still an issue for this subdivision in 70811, Under Contract Properties are up 200% and Average Days on Market is up 117%, Expired Properties calculation is N/A (not enough sales to determine).  

 

baton rouge reale state trends

 

Published by Bill Cobb, Greater Baton Rouge's Home Appraiser 

225-293-1500

http://www.homeappraisalsbatonrouge.com

 

Greenwood Estates Subdivision Baton Rouge

 

Median Sold Price by quarter

Q3-2011 vs Q3-2014: The median sold price is down -5%

 

Sold Properties by quarter

Q3-2011 vs Q3-2014: The number of Sold properties is up 400%

 

Sold Properties by quarter (Bank Owned Properties)

Q3-2011 vs Q3-2014: The number of Sold (Bank) properties has not changed

 

Under Contract Properties by quarter

Q3-2011 vs Q3-2014: The number of Under Contract properties is up 200%

 

Bill Cobb Greater Baton Rouge Home Appraisers

 

The Average Days on Market by quarter

Q3-2011 vs Q3-2014: The average days on market is up 117%

 

Expired Properties by quarter

Q3-2011 vs Q3-2014: The number of Expired properties : The percent change calculation is N/A

 

 

For Sale Properties by quarter

Q3-2011 vs Q3-2014: The number of For Sale properties is up 60%

 

New Properties by quarter

Q3-2011 vs Q3-2014: The number of New properties is down -60%

 

Supply & Demand by quarter

Q3-2011 vs Q3-2014: The number of for sale properties is up 60% and the number of sold properties is up 400%

 

Median For Sale vs Median Sold

Q3-2011 vs Q3-2014: The median price of for sale properties is down -5% and the median price of sold properties is down -5%

 

SOURCE: Greater Baton Rouge Assocation of REALTORS®

Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 07/01/2011 to 09/30/2014, extracted on 10/22/2014.

Comments (1)

Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Bill Cobb 

Thank you for sharing these real estate market stats!

This information is most beneficial to buyers and sellers alike!

Have a great week ahead!

Nov 03, 2014 10:30 AM