Wedgewood (Baton Rouge, LA)
Wedgewood (Baton Rouge, LA) Real Estate News
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Baton Rouge Wedgewood Subdivision Home Sales News 2012
Bill Cobb, Greater Baton Rouge's Home Appraiser (Accurate Valuations Group, LLC)

Baton Rouge Wedgewood Subdivision Home Sales News 2012


 

Recently, I appraised a home for a purchase on Elkwood Drive and discovered these 2012 home sales trends in Baton Rouge Louisiana's Wedgewood Subdivision. Based on 16 sales, homes spent an average of 149 days on the market. The average sales price per square foot has been $78/sf. The average home size is 1,912 sf. The Median Sales Price has been $150,500. The Average Listing-To-Sales-Price-Ratio is 96%, meaning homes are selling for 96 percent of asking prices, 4 percent less than asking price. 

 

 

NOTE:This post is based on info from the Greater Baton Rouge Association of REALTORS® MLS for the period of 01/01/2012 to 11/28/2012 and was extracted on 11/28/2012.

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Baton Rouge Housing Answers: How Are Wedgewood Subdivision 70816 Values Holding Up in 2010?
Bill Cobb, Greater Baton Rouge's Home Appraiser (Accurate Valuations Group, LLC)

http://www.gbrhousinganswers.com/ -  Baton Rouge Housing Answers: How Are Wedgewood Subdivision 70816 Values Holding Up in 2010?  I performed a home appraisal in Wedgewood Subdivision, on Palmwood Drive, this week and discovered the following housing numbers below.  Wedgewood is one of the larger subdivisions within the Baton Rouge housing market that is a guage of sorts to how the entire market may be holding up.

 

Solds In Wedgewood Subdivision from 1/2010 to 12/9/2010 revealed:
Average Sales Price: $173,290  ($174,372 in 2009)
Average Sold Price Per Sq. Ft.: $87/sf  ($89/sf in 2009)
Median Sold Price: $172,950  ($173,250 in 2009)
Number of Sales: 10   (18 in 2009)
Average Number of Days On Market: 100  (90 Days in 2009)
Low To High: $79,900 to $127,000
Number of Sold REO/Foreclosures Noted In MLS: 1.
Current # Listings: 12, 0 Are Foreclosures.  1 Is A Short Sale and 1 REO coming soon
Current Listings Prices: $137,900 To $239,000 (the $149,900 is a new home)

Overall, the Listing To Sales Price Ratio is fairly strong at 98.6% in 2009 and 99.7% in 2010.  This also could be because it's a buyer's market and buyer's are asking sellers to pay closing cost.  Of the ten 10 sales, 7 of them included sellers paying closing costs and several of these included sellers paid excessive closing of $5,000 or more.  Any time a seller has to pay a buyer to buy their home, that's not a good indication, especially with the sellers that had to pay $5,500, $7,000 and $7,600 just to get a buyer.  This is the reason the Listing To Sales Price Ratio is still so high.  There are 3 listings priced above $200,000 in Wedgewood Subdivision, two of these priced above market support.

 

 NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to December 9, 2010.  This information was extracted on 12/9/2010.

 

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Trends Videos Of Baton Rouge Real Estate: Wedgewood Subdivision 70816 2010 Update
Bill Cobb, Greater Baton Rouge's Home Appraiser (Accurate Valuations Group, LLC)

http://www.batonrougerealestatetrends.net/ - Baton Rouge Real Estate Trends Video: Wedgewood Subdivision 70816 2010 Update

baton rouge real estate

 

 

Greater Baton Rouge Home Appraiser, Bill Cobb, updates the housing market numbers for Wedgewood Subdivision in Baton Rouge Real Estate, Louisiana 70816. Based on 8 2010 Home Sales, 2009 vs 2010, the average sales prices has declined a modest 0.50% or less than 1%.  The median sales price is basically unchanged at $173,000 rounded.  The average sold price per square foot is down $2/sf or -2.3% from $89/sf to $87/sf.   Year to date, there have been 8 sales versus 18 in 2009. The average days on the market has changed little from 90 days in 2009 to 95 in 2010.

 

 

Wedgewood Subdivision Baton Rouge

To Watch This Update, Visit: http://www.youtube.com/watch?v=4uTD2loP0_4

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1837 Stonewood Dr., Baton Rouge, LA 70816
Darren James (Darren James Real Estate Experts, LLC)

Wedgewood Subdivision

$174,900

This Well maintained 4 bedroom/2 bath home is located near I-12 at Millerville Rd., close to shopping, restaurants, health clubs and more. When entering the home through the front entrance off the foyer and to the left is the huge 21x11 living room that can also double as a dining room. The 20x16 den features a vaulted beamed ceiling, a brick wood burning fireplace and french doors. The kitchen has ceramic tile flooring, a double wall oven, a small computer nook and a breakfast bar. There is also a laundry room off the kitchen. The master bedroom along with the other bedrooms are of nice size and feature ceiling fans along with carpeted flooring. The exterior of the home has curb appeal with it's beautiful landscaping and shade trees.

Bill cobb2
Baton Rouge Real Estate Wedgewood Subdivision Video Report
Bill Cobb, Greater Baton Rouge's Home Appraiser (Accurate Valuations Group, LLC)
Baton Rouge Housing Video Update For Wedgewood Subdivision
Bill cobb2
Baton Rouge Appraisers – Accurate Valuations Group Appraiser William D. Cobb Study Shows Wedgewood Subdivision in Zip Code 70816 Pre To Post Hurricane Katrina Increases 25%
Bill Cobb, Greater Baton Rouge's Home Appraiser (Accurate Valuations Group, LLC)

Baton Rouge Appraisers - Accurate Valuations Group Appraiser William D. Cobb Study Shows Wedgewood Subdivision in Zip Code 70816 Pre To Post Hurricane Katrina Increases 25%

William D. Cobb, a home appraiser with Accurate Valuations Group in the Greater Baton Rouge, LA market, is pleased to announce a gain in average home prices within Wedgewood Subdivision.  Based on data obtained from The Greater Baton Rouge Board of Realtors, the gain in average homes prices within Wedgewood Subdivision Pre to Post Hurricane Katrina has been 24.81%. The median price has increased 24.41%.  The average price per sq. ft. has increased 21.63%.

Market Summary 1/1/2005 to 8/28/2005 PRE HURRICANE KATRINA:
Avg Sold: $137,903
Median Sold: $139,450
Avg $/SF: $70.63/sf
Avg Days on the Market: 63
Total# Listings: 22

Low Sales Price: $110,000

High Sales Price: $162,225

Market Summary 4/2006 to 4/15/2007 POST KATRINA:
Avg Sold: $172,115
Median Sold: $173,500
Avg $/SF: $85.91/sf
Avg Days on the Market: 39
Total# Listings: 18

Low Sales Price:$149,500

High Sales Price:$210,000

Data Used With The Permission Of The Greater Baton Rouge Board of Realtors.   This data generally excludes REO/Bank Owned or Foreclosure Sales. 

William D. Cobb with Accurate Valuations Group has operated as a home appraiser for 15 years now primarily in the Greater Baton Rouge, Louisiana market (Baton Rouge, LA; Baker, LA; Zachary, LA; Greenwell Springs, LA; Denham Springs, LA; Walker, LA; Watson, LA; Livingston, LA; Prairieville, LA; Gonzales, LA; Geismar, LA; Sorrento, LA; Port Allen, LA; Brusly, LA; and Addis, LA). For more information on William D. Cobb and Accurate Valuations Group, please visit http://www.getfastvalue.com/  and http://www.batonrougehomeappraisals.com  .    Visit Bill's Blog @ http://www.getfastvalue.com/avgblog      This article was written with the assistance of R. Chandler Smith @http://www.1stsourceappraisals.com/ 

Baton Rouge, LA Real Estate Professionals
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