http://www.zacharylouisianarealestate.info/ – Zachary Louisiana FHA Appraisers: Buyers Prefer More Affordable Homes in 2009.
The Zachary Louisiana housing market experienced a MAJOR slowdown in home sales in 2009, partially due to the national economic slowdown and due to pricing of new homes being too high for the average buyer. This is why, in the more affordable category under $250,000, Live Oak Trace had the most sales with DR Horton Homes selling for an average of $103/sf having 18 sales.
Top 10 Subdivisions Most Homes Sold in 2009, Showing The More Affordable Homes Selling The Most In 2009 AND Showing Overall Declining Sold Prices From 2006-2008 Period Median Sales Price Highs
1.) Copper Mill: 19 Sales, $157.07/sf, -9.19% Decline
2.) Live Oak Trace: 18 Sales, $103.47/sf, -8.52% Decline
3.) The Settlement: 14 Sales, $116.81/sf, -2.83% Decline
4.) High Plains Crossing: 13 Sales, $95.36/sf, -3.79% Decline
5.) Marshall Bond Estates: 13 Sales, $117.47/sf, -3.77% Decline
6.) Cypress Park: 13 Sales, $110.63/sf, +3.71% Increase
7.) Pointe South: 11 Sales, $123.41/sf, -0.6% Decline
8.) Castle Place: 10 Sales, $97.35/sf, -4.58% Decline
9.) Richland Subd: 8 Sales, $129.46/sf, -1.88% Decline
10.)Fennwood Links: 8 Sales, $125.27/sf, +0.85% Increase
Sold data was obtained and used with the permission of the GBRAR Board of Realtors. Bill Cobb, with Accurate Valuations Group (AVG), appraises Zachary Louisiana Real Estate. Give AVG a call at 225-293-1500 for your next home appraisal.