Ascension Parish Real Estate FHA Home Appraisers

http://www.ascensionrealestateappraisers.com/ - Northern Ascension Parish FHA Appraisers Report On Manchac Place Subdivision 70769

Housing Market Direction For Manchac Place: Increasing, Stable or Declining?

Solds In Manchac Place from 1/2007 to 12/2007 revealed:
Average Sales Price: $291,795
Average Sold Price Per Sq. Ft.: $110.62/sf
Median Sold Price: $300,000
Average Days On Market: 125
Number Of Sales: 13

Solds In Manchac Place from 1/2008 to 12/2008 revealed:
Average Sales Price: $272,697
Average Sold Price Per Sq. Ft.: $100.01/sf
Median Sold Price: $271,000
Average Days On Market: 108
Number Of Sales: 21

Solds In Manchac Place from 1/2009 to 12/2009 revealed:
Average Sales Price: $276,054
Average Sold Price Per Sq. Ft.: $91.14/sf
Median Sold Price: $290,000
Average Days On Market: 147
Number Of Sales: 13

Therefore, based on the “median sale price barometer” within Manchac Place, the barometer used by the National Association of Realtors, the market direction declined from 2007 to 2008 but increased from 2008 to 2009. From 2008 to 2009, the median sales price increased by $19,000 or +7%, from $271,000 up to $290,000. However, at the same time, the average sold price per sq. ft. declined from $100.01/sf to $91.14/sf or by -8.87% – not a good sign.

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