Denham Springs Woodland Crossing Subdivision Third Quarter 2011: Home Prices Decline Based On Seven (7) Foreclosures and 1 to 2 Short Sales!
Recap of 2008 through 2011 YTD Woodland Crossing Housing Numbers:
So, from 2008 to 2011, median sales prices have ranged from $156,000, $147,000, $149,000 down to $140,000 in 2011, rounded to nearest 1000. Sold price per sq. ft. continues to decline from $92/sf in 2010 down to only $84/sf in 2011 rounded. 2011 represent 39 sales and only represent three quarters of housing sales numbers, not an entire year.
YEAR-TO-DATE SOLDS 2011 (Note Chart shows 39 sales, MLS Search Reveals 42 Sales):
Solds In Woodland Crossing from 1/1/2011 to 10/12/2011 revealed:
Average Sales Price: $141,803
Average Sold Price Per Sq. Ft.: $80.00
Median Sold Price: $139,900
Number of Sales: 42
Average Days On Market: 109
Low To High: $98,900 to $179,500
Number of Sold REO/Foreclosures Noted In MLS: 7
NOTE: The Median Sales Price Decline from 2010 to 2011 is -6.2%. The important factor is the decline in the Average Sold Price Per Square Foot, from $91.51/sf in 2011 down to $84.07/sf in 2011. This represents a -$7.44/sf decline or -8.1% decline.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2008 to 10/12/2011. This information was extracted on 10/12/2011.