http://www.batonrougehousingreports.com/ – Baton Rouge Real Estate News: Baker La Bakerfield Subdvision 2011 Update. 2011 Average Sales Prices and Median Sales Prices are better than 2010 numbers. Average sold price per sq. ft. of only $60.41/sf in 2011 is still in correction mode from 2006-2010 numbers. And, Average Sold price from 2010 to 2011 shows a -$3.72/sf or -5.8% correction. Bakerfield continues to deal with foreclosure (REO) properties, some vacant and in disrepair.
Solds In Bakerfield Subdivision from 01/01/2011 to 11/28/2011 based on 7 sales revealed:
Average Sales Price: $97,107 (+$23,163 From 2010 or +31%)
Average Sold Price Sq. Ft.: $60.41/sf (-$3.72/sf From 2010 or -5.8%)
Median Sold Price: $93,900 (+$25,400 From 2010 or +37%)
Number of Sales: 8
Low To High: $45,200 to $189,000
Number of Sold REO/Foreclosures Noted In MLS: 4 or 50% Of ALL Solds
Current # Listings: 7 (2 of these are REOs)
Current Listings Prices: $54,900 To $110,000
Photo of a Foreclosure Listing on Ray Weiland Drive
Per GBRMLS, there’s actually been “8” Sales, not just 7
REO Vacant and Distressed
NOTE: “REO” stands for real estate owned or bank owned foreclosure.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2005 to 11/28/2011. This information was extracted on 11/28/2011.