Azalea Lakes Baton Rouge Home Prices 2019

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

I'm working on an Azalea Lakes Baton Rouge LA 70817 home appraisal and realize I haven't reported on home sales numbers in quite a while. Azalea Lakes Baton Rouge Home Prices 2019 

 

Azalea Lakes Baton Rouge

 

July 2018 vs July 2019 Azalea Lakes Subdivision Stats: 

My search was filtered by 11-50 yrs old, 3 bedrooms, 1500sf or less and 1,501 to 2000sf based on the median size Azalea Lakes home is 1,600sf.

Median Sold Price: $135/sf, no change


Median Sold Price: $221,500, +5.5 percent

azalea-lakes-baton-rouge-home-prices-increasing

DOM (days on market): 14 days, down 67 percent, was 42 days in July 2018


Months Supply of available active listings: 2.6 months, down -3.7 percent

MLS Listings Are Selling For 98 percent of listing prices, down -0.6 percent

Sold Dollar Volume $5,288,200 up 18.7 percent (because prices are up)

Pending Sales at 23 are down 4.2 percent

Closed sales at 24 are down 14.3 percent

 

Revealing stats about how buyers are reacting to listings:

MLS Listings Showings to Pendings or Under Contract: 9, -28 percent (it takes fewer showings to sell a home)

Average Showings Per Listing: 4.7, down 21.7 percent (it takes fewer showings to sell a home)

It’s interesting while Baton Rouge home sales are slowing in Azalea Lakes 70817, as they are across Greater Baton Rouge,  yet it takes fewer listings showings to sell a home. 

 

Azalea Lakes Home Styles

 

 

Azalea Lakes Baton Rouge Home Sales Chart

 

Bill Cobb Appraiser 

225-293-1500 
https://www.BatonRougeAppraisers.com 

 

 

Data Source: GBRAR REALTORS/MLS from July 1, 2018 to July 31, 2019 extracted on 8/25/2019.

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Rainer
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

 

Aug 25, 2019 12:25 PM #1
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Rainmaker
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Bill Cobb

Greater Baton Rouge's Home Appraiser
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