Monhegan City of Central Baker Home Sales Update 2016 Pre-Flood

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

City of Central's Monhegan Subdivision Home Sales Report 70714.  Bill Cobb Appraiser
is performing a City of Central home purchase appraisal.

Monhegan City of Central Baker Home Sales Update 2016

Comment on Monhegan:
Monhegan itself has Stable Prices (is not increasing and does not generally share in Central's overall increasing prices). This is why the very best comparable sales for homes in Monhegan are other homes in Monhegan, even if they're older sales. There are enough homes in Monhegan not properly kept up well that it does have an impact on values. And, the location in flood zone AE at ftont of subdivision as well as in the rear is also a factor in lower prices. In other words, the upward pressure for higher prices is not as high as it is in some other Central subdivisions.

June 2015 - July 2016 Monhegan Subdivision Home Sales Trends

5 Home Sales from $110,000 to $156,000
Median Sales Price $126,000
Average Sold Price: $128,2000
Median Sold Price:$96/sf
Average Sold Price:$93/sf
Homes Sold From $78/sf to $102/sf
Median SP/LP% 98%
Average SP/LP% 99%
Average Days On Market: 84 Days
Average Home Size: 1,320sf

The "Median SP/LP% 98%" or Listing To Sales Price Ratio means the average home sale sold for 2% less than listing price. 

Monhegan City of Central Home Prices

Monhegan Home Prices

Monhegan Current GBRAR MLS Listings as of 08/08/2016

4 Current Home Listings from $124,000 to $149,900, 1 Active Listing, 3 Pending Listings

The 1 active listing is listed for $124,000 for 1,381sf  or $90/sf

The 3 pending listings stats:
Median Listing Price:$139,900
Listed from $93/sf to $113/sf
Median Days On Market: 25 Days
Average Home Listing Size: 1,321sf

by Bill Cobb Appraiser 225-293-1500

Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 06/01/2015 to 08/08/2016, extracted on 08/08/2016


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