Bill Cobb City of Central Baton Rouge Appraiser is appraising a luxury home in Village Lakes Subdivision and discovered these home sales trends from January 1 2016 to January 6 2017
The chart below shows Median Sales Prices from 2013 to 2016.
In April 2013, the median sales price was $303,934 and in January 2017 $335,000, an increase of $31,066 or 10.2 percent increase.
2016 Village Lakes Subdivision Home Sales Stats:
9 Sales from $255,000 to $365,000
Average Sold Price $316,058
Median Sales Price $327,000
Average Sold Price Per Sq. Ft.: $144 per square foot
Median Sold Price Per Sq. Ft.: $144 per square foot
Homes Sold From $123/sf to $165 per square foot
Median SP/LP percent was 100 percent
Average Days On Market 49 Days
Average Home Is 4 Bedrooms 3 Baths, 2231 square feet
The Median SP/LP percent or Listing To Sales Price Ratio means the average home sale sold for 100 percent of listing price.
Yes, there were at least 2 homes that flooded in the Great Flood of August 2016, if not perhaps 4 total homes on the north side of Villa Trace Dr in the 17959 Villa Trace proximity. These photos below were taken on September 24 2016.
GREATER BATON ROUGE REAL ESTATE DATA NOTE:
Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 01/01/2016 to 01/06/2017, extracted on 01/06/2017.