Baton Rouge Housing Correction Park Forest Home Prices Decline in 2011

www.batonrougehousingreports.com – Baton Rouge Housing Correction Park Forest Home Prices Decline in 2011 The Average Sales Price has declined from $134670 to just $123000 in 2011 based on 26 sales, a -$11670 or -8.7% Correction. The Median Sales Price has declined from $143000 to just $124750 in 2011 based on 26 sales, a -$18250 or -12.8% Correction. The Average Sales Price Per Sq. Ft. has declined from $72.49/sf to $69.14/sf in 2011 based on 26 sales, a -$3.35/sf or -4.6% Correction. WHY THE DECLINE? ANSWER: 42% DISTRESSED SALES RATE. 42% of distressed solds in 2011 were Distressed Sales in the form of 6 Foreclosure Sales, 2 Short Sales and 3 Third Party Sales. So, 11 of 26 total sales were distressed, a very, very high number. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS┬«\MLS for the period of 01/01/2005 to 12/15/2011. This information was extracted on 12/15/2011.