Baton Rouge Home Prices Near New Peak, Research Your Subdivision or Area Before Making A Financial Decision Based On Such News!
This is GOOD NEWS for local housing market. This LPS report states, “According to a report in USA Today citing data from real estate tracker Lender Processing Services, Baton Rouge is among a handful of housing markets in the country that are at or near previous price peaks.”
CAUTION: While I do take delight in this good news, I’m a local Home Appraiser that examines numbers all week long and know that not ALL local subdivision nor zip codes are experiencing such positive numbers. The reason I state this here is to caution locals when considering making a financial decisions to refinance or purchase a home based solely on such new stories like this. Relying on “Average Sales Prices” can be misleading because those Million Dollar home sales help artifically raise the Average Sales Price in our market…..and the strength in Baton Rouge Real Estate has been in the over $500,000 homes market for the past 2 years. I strongly recommend you research the specific subdivision or market you’re making a financial decision on. Markets like Sherwood Forest 70815 are still struggling and NOT ALL of Baton Rouge Real Estate is participating in this market rebound! Bill Cobb, Appraiser
Read more from Business Report here: http://businessreport.com/Baton_Rouge_home_prices_near_new_peak#ixzz2SYANmF2C
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