http://www.batonrougehomeappraisal.com/ – Housing Statistics For Baton Rouge Real Estate: Stevendale Heights 70819 Declines Into 2010
Stevendale Heights Market Direction: Up or Down?
Solds In Stevendale Heights from 1/1/2008 to 12/31/2008 revealed:
Average Sales Price: $68,097
Average Sold Price Per Sq. Ft.: $61/sf
Median Sold Price: $66,000
Number of Sales: 15
Number of Sold REO/Foreclosures Noted In MLS: 6
Solds In Stevendale Heights from 1/1/2009 to 12/31/2009 revealed:
Average Sales Price: $73,470
Average Sold Price Per Sq. Ft.: $53/sf
Median Sold Price: $70,000
Number of Sales: 10
Number of Sold REO/Foreclosures Noted In MLS: 4
No MLS Solds Year-To-Date In 2010 as of 4/23/2010! However, there are currently 3 current foreclosure listings and at least 2 pre-foreclosures. Current RealtyTrac map below.
Therefore, based on the median sale price barometer within Stevendale Hts, the market direction appears to be increasing from $66,000 in 2009 to $70,000 into 2010 or +6%. HOWEVER, the sold price per sq. ft. differences between 2009 and 2010 is approximately a decrease of $8.41/sf, from $61.22/sf to $52.81/sf. AND, keep in mind that the recent foreclosure activity and sheer number of current foreclosures overshadows and emphasizes this decline. NOTE: The median sales price is the NAR’s barometer because it tends to eliminate the “outliers” in a market reporting periord. Outliers are those homes that sold unusually low or high based on an historical pattern.
