http://www.ascensionrealestateappraisers.com/ – Prairieville Louisiana 70769 Real Estate News, Housing Trends, Home Prices, Appraiser Market Studies…
Manchac Commons Appraiser Housing Market Study
Solds from 01/01/2008 to 12/31/2008 revealed:
Average Sales Price: $232,247
Average Sold Price Per Sq. Ft.: $112.70
Median Sold Price: $239,900
Average # of Days On Market: 56
# of Sales: 16
Average Sq. Ft.: 2,073sf
Solds from 01/01/2009 to 07/31/2009 reveals:
Average Sales Price: $227,538
Average Sold Price Per Sq. Ft.: $110.70
Median Sold Price: $227,000
Average # of Days On Market: 238
# of Sales: 7
Average Sq. Ft.: 2,083sf
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Subdivision, the market direction appears to be declining since 2008. Average Sales Price has declined -$4,709 or -2.03%. Median Sales Price has declined -$12,900 or -5.38%. Average Sold Price Per Sq. Ft. has declined -$2.00/sf or -1.77%.
A further S.M.A.R.T. Analysis of the Manchac Commons data since 8/1/2008 to 7/31/2009 reveals a -13.45% Decline
