http://batonrougehousingreports.com/ – Tara Subdivision Baton Rouge 2011 Home Sales Report. Tara Subdivision Home Prices Declined 7% to 8% In 2011 showing that even zip code 70806 is not immune from the Baton Rouge Housing Correction taking place into 2012.
Here is the report on Tara Subdivision housing numbers from end of December 2010 to end of December 2011. From 2010 to 2011, the Average sold price increased from $244,460 up to $245,806 or almost 1%. From 2010 to 2011, the Median sold price declined from $220,000 down to $202,500 or -8%. From 2010 to 2011, the average sold price per sq. ft. declined from $94.12 down to $87,61 or -6.51/sf or -7%. In 2011, the Median Sales Price and Average Sold Price Per Sq. Ft. would be your most important indicators because of the rather unusual $575,000 7610sf home sale in 08/2011, which skewed the average sales price higher than it would have been. Again, per the chart below, the average home in Tara sells for between $200K to $250K.
The Chart below has some useful data, but it lacks sales in both December 2010 and 2011.
Baton Rouge Tara Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012. Yes, this appraiser does have permission to use the subdivision chart above.