Baton Rouge, Louisiana Real Estate News - Accurate Valuations Group Study Shows Shenandoah Estates PRE AND POST HURRICANE KATRINA Market Summary From 1/05 to 4/07

    /24-7PressRelease/ - BATON ROUGE, LA, April 11, 2007 - Why Choose Shenandoah Estates S/D? Shenandoah Estates S/D is probably the largest residential development in Baton Rouge with approximately 22+/- separate filings. Shenandoah Estates is so large that both the Census Bureau and national Map Makers have Shenandoah listed as a City within Baton Rouge, which is not correct. My family moved to Shenandoah Estates in 1973 and built our home for $32,000 on Manassas Drive, which today is worth approx. $145,000, a 353% increase in 34 years.

Market Summary 4/2006 to 4/9/2007 POST KATRINA:
Avg Sold: $189,983
Median Sold: $202,450
Avg SqFt: 2,120sf
Avg $/SF: $90.22
Avg Days on the Market: 60
Total# Listings: 74


Market Summary 1/1/2005 to 8/28/2005 PRE HURRICANE KATRINA:
Avg Sold: $155,825
Median Sold: $156,000
Avg SqFt: 2,076sf
Avg $/SF: $75.33
Avg Days on the Market: 87
Total# Listings: 55

So, the gain in average homes prices/values within Shenandoah Estates Subdivision Pre to Post Hurricane Katrina is from $155,825 to $189,986 or 21.9% increase. The median price/value has increased 29.78%. The average price per sq. ft. has increased from $75.33/sf to $90.22/sf or 19.77%.

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

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