|www.batonrougerealestatebuzz.com - Baton Rouge Real Estate Buzz: Area 53 Highland Rd Housing Market Trends 2011. In this video, local home appraiser of 20 years, Bill Cobb, points out trends observations from the Area 53 housing market, generally from Essen Lane over toward Country Club of Louisiana (more)|
http://www.appraisersinbatonrouge.com/ – Photos From The Field: Baton Rouge Real Estate Picks Up Momentum Into 2010. This sign below is common in Fairhill At Bluebonnet Highlands in May of 2010.
From the GBRAR MLS Stats from 5/2009 to 5/2010 for new homes to 5 year old homes, extracted on 5/9/2010, the months supply of inventory appears to have declined from a 13 month supply in May 2009 to 3 months in April 2010. The median sold price in this period has been $283,000, average sold price $135/sf taking about 116 days to sell a home in Fairhill.
http://www.batonrougerealestateappraisers.net/ – Baton Rouge Real Estate: Springlake At Bluebonnet Highlands New Home Construction Raises 2009 Median Sales Price
Chart #1 includes ALL solds from November 2008 to November 2009 YTD indicating a +7.36% increase in median sales price. ALL home sales includes both new home construction sales and existing home sales.
Chart #2 includes ONLY solds of existing homes from November 2008 to November 2009 YTD indicating a -0.66% decline in median sales price.
Current Listings. Currently, there are 29 listings within Springlake, from $196,900 up to $288,900. Of these listings, 15 are new construction and 14 are existing homes. The Average Listing Price is $238,655, Average Listing Price Per Sq. Ft. is $139.56/sf, Median Listing Price $239,500 and Average Days On Market 104 days. FSBOBR.com indicates 11 more current listings in Springlake from $198,000 up to $265,900. Assuming the 11 FSBOBR.com listings are not listed in MLS, that would total 40 current listings in Springlake, which would appear to be an oversupply and possibly the reason that the existing median sales price basically didn’t increase from 11/2008 to 11/2009.