Gonzales, Louisiana Real Estate News - Accurate Valuations Group Gonzales Appraiser Study Shows Villa Gardens Subdivision Pre To Post Hurricane Katrina Increases 21%
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%.


    /Louisiana News Articles/ - 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

Further Related Resources:


Press Release Contact Information:

William D. Cobb, IFA
Accurate Valuations Group
President
P.O. Box 40515
Baton Rouge, LA
USA 70835
Voice: 225-293-1500
Fax: 866-663-6065
Website: Visit Our Website