Prairieville Louisiana Subdivision 70769 – Fountain Hill Subdivision
Correction in home prices from Post Hurricane Katrina Highs of $137/sf to $139/sf is still underway down to the $120’s in 2011 and 2012. Fountain Hill was due for such a correction. And, it’s still taking over 180 days on average to sell a home in Fountain Hill, 232 days in 2011 and 195 days in 2012 Year-To-Date.
IF YOU’RE CONSIDERING BUYING A HOME IN FOUNTAIN HILL, I’D STRONGLY ENCOURAGE A PRE-PURCHASE HOME APPRAISAL TO MAKE SURE YOU DON’T OVERPAY. Greater Baton Rouge Pre-Purchase Home Appraisals.
Solds In Fountain Hill from 1/1/2011 to 12/31/2011 revealed :
Average Sales Price: $432,050
Average Sold Price Per Sq. Ft.: $127/sf
Median Sold Price: $417,750
Number of Sales: 10
Solds In Fountain Hill from 1/1/2012 to 07/19/2012 reveal :
Average Sales Price: $419,200
Average Sold Price Per Sq. Ft.: $122/sf
Median Sold Price: $390,000
Number of Sales: 5
CURRENT LISTINGS: 4 from $415,000 to $545,000 or $117/sf, $118/sf, $132/sf to $158/sf AND only 1 of them is PENDING (36193 Beverly Hills Drive listed for $117/sf and is not reported to be a distressed listing).
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of 01/01/2011 to 07/21/2012. This information was extracted on 07/21/2012. Yes, this appraiser has obtained permission from GBRAR MLS to use the above pricing chart!