Baton Rouge’s Home Appraiser, Bill Cobb, was recently inside University Villas for an appraisal and discovered these home sales trends.
January 1, 2016 to August 31, 2016 University Villas Home Sales Trends
Forty-nine Sales from $219,000 to $390,838
Median Sales Price $262,900
Average Sales Price $269,802
Median Sold Price: $147/sf
Average Sold Price: $148/sf
Homes Sold From $136/sf to $163/sf
Median SP/LP% 100%
Median Days On Market: 78 Days
Average Home Size: 1,785sf
The “Median SP/LP% 100%” or Listing To Sales Price Ratio means the average home sale sold for 100% of listing price.
Most sales are under $300,000 and only 2 sales are over $300,000, for $345,000 for 2,301sf to $390,838 for 2394sf.
by Bill Cobb Appraiser 225-293-1500
Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 01/01/2016 to 08/31/2016, extracted on 08/31/2016