Baton Rouge Real Estate: How Is The University Club Plantation Housing Market?

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

http://batonrougerealestateappraisers.com/ - Baton Rouge Real Estate: How Is The University Club Plantation Housing Market?

Solds In University Club Plantation from 10/11/2006 to 10/11/2007 revealed: 
The Average Sales Price: $536,137
The Average Sold Price Per Sq. Ft.: $159.17/sf
The Median Sold Price: $500,000
Low Sales Price: $317,000
High Sales Price: $845,000
Average # of Days On Market: 122 Days On Market
# of Sales: 44

Solds In University Club Plantation from 10/11/2007 to 10/11/2008 revealed: 
The Average Sales Price: $530,591
The Average Sold Price Per Sq. Ft.: $160.97/sf
The Median Sold Price: $492,500
Low Sales Price: $324,900
High Sales Price: $835,000
Average # of Days On Market: 121 Days On Market
# of Sales: 23

UNIVERSITY CLUB PLANTATION MARKET COMMENTARY:
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within University Club Plantation, the median sales price appears to have decreased slightly from $500,000 to $492,500 or -1.5%.   The average sales price has decreased by -$5,546 or -1.03%.   The average sold price per sq. ft. has a small gain of +$1.80/sf.   This decline is only very minor as compared to the falling home prices in the national housing market - one recent report stated national home prices have declined -8.3% year-to-date.    Yes, sales have slowed with a -48% difference between the two periods.   This may also be attributable to the first period being a "Post Hurricane Katrina" market when buying was still brisk.    This market may simply be returning to the normal "Pre-Katrina" market. 

University Club Plantation data is provided with the permission of the Greater Baton Rouge Board of Realtors.

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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