/24-7PressRelease/ - BATON ROUGE, LA, April 17, 2007 - William D. Cobb, IFA, a home appraiser with Accurate Valuations Group in the Greater Baton Rouge, LA market, is pleased to announce a gain in average home prices within Villa Gardens Subdivision. Based on data obtained from The Greater Baton Rouge Board of Realtors, the gain in average homes prices within within Villa Gardens Subdivision Pre to Post Hurricane Katrina has been 21%. The median price has increased 22%. The average price per sq. ft. has increased 21%.
Why Study Villa Gardens Subdivision? Villa Gardens Subdivision is just one of the many "Garden Home" developments being built in the Greater Baton Rouge Market to house the baby-boomer population, single parent homes and young families. In 2005 in Villa Gardens, the low sales price was $125,000 and the high sales price was $135,900. In 4/2006 to 4/2007 in Villa Gardens, the low sales price was $147,500 and the high sales price was $182,000. According to Legal News, Villa Gardens Subdivision was developed by Chris Ingram with Ascension Properties, Inc.
Market Summary 1/1/2005 to 8/28/2005 PRE HURRICANE KATRINA:
Avg Sold: $130,777
Median Sold: $129,900
Avg $/SF: $92.56/sf
Avg Days on the Market: 78
Total# Listings: 11
Market Summary 4/2006 to 4/15/2007 POST KATRINA:
Avg Sold: $158,333
Median Sold: $158,000
Avg $/SF: $111.85/sf
Avg Days on the Market: 35
Total# Listings: 9
The gain in average homes prices/values within Villa Gardens Subdivision Pre to Post Hurricane Katrina was from $130,777 to $158,333 or 21.07% increase. The median price/value has increased 21.63%. The average price per sq. ft. has increased from $92.56/sf to $111.85/sf or 20.84%.
Data Used With The Permission Of The Greater Baton Rouge Board of Realtors
William D. Cobb, IFA, with Accurate Valuations Group has operated as a home appraiser for 15 years now primarily in the Greater Baton Rouge, Louisiana market (Baton Rouge, LA; Baker, LA; Zachary, LA; Greenwell Springs, LA; Denham Springs, LA; Walker, LA; Watson, LA; Livingston, LA; Prairieville, LA; Gonzales, LA; Geismar, LA; Sorrento, LA; Port Allen, LA; Brusly, LA; and Addis, LA). For more information on William D. Cobb, IFA and Accurate Valuations Group, please visit http://www.accuratevaluationsgroup.com and http://www.getfastvalue.com . Also, visit Bill's Blog @ http://www.getfastvalue.com/avgblog This article was written with the assistance of R. Chandler Smith @ Http://www.cpappraisals.net and http://www.alphaomegaappraisals.com
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