Baton Rouge Real Estate: Lakepark Garden Homes Median Sales Price +$11,000 In Past Year

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

http://www.batonrougehomesrealtor.com/  - Baton Rouge Real Estate: Lakepark Garden Homes Median Sales Price +$11,000 In Past Year

What's the Housing Market Direction For Lakepark Garden Homes? 

Solds In Lakepark Garden Homes from 10/09/2006 to 10/09/2007 revealed: 
The Average Sales Price: $133,657
The Average Sold Price Per Sq. Ft.: $103.64/sf
The Median Sold Price: $134,000
Low Sales Price: $121,000
High Sales Price: $145,000
Average # of Days On Market: 18 Days On Market
# of Sales: 11

Solds In Lakepark Garden Homes from 10/09/2007 to 10/09/2008 reveal: 
The Average Sales Price: $136,361
The Average Sold Price Per Sq. Ft.: $106.90/sf
The Median Sold Price: $145,000
Low Sales Price: $116,500
High Sales Price: $147,000
Average # of Days On Market: 55 Days On Market
# of Sales: 9

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Lakepark Garden Homes, the market direction appears to be increasing.   The median sales price increased by +$11,000.   The average sales price has increased by +$2,704 and average sold price per sq. ft. +$3.26/sf.  While it's now taking longer to sell a home in Lakepark, the home values continue to increase.   This is in direct contrast with NAR reporting yesterday that national home prices have dropped 8.3% so far in 2008.   It's not ALL gloom-and-doom across the entire US housing market.

Author's Bio:

Bill Cobb, CREA, is Greater Baton Rouge's favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values.  A home appraiser with 16 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

Bill's company, Accurate Valuations Home Appraisal Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:

Office: 225-293-1500

Fax: 1-866-663-6065

fastvalue2@cox.net

http://www.batonrougehomeappraisals.com 

 

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