Baton Rouge's Park Forest Home Prices Weak From Foreclosures And Now A Murder
By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
Baton Rouge's Park Forest Home Prices Weak From Foreclosures And Now A Murder Why Does This Murder Hit Home With This Baton Rouge Home Appraiser? Because I was in Park Forest on Wednesday appraising a home on Caribou Ct and took 32 comparable sales and listing photos through out Park Forest. What's the future of Park Forest home prices? PARK FOREST DECLINE IN HOME PRICES POST HURRICANE KATRINAPark Forest Subdivision 2007 median sales price was $148,000 and now only $116,000 based on sixty nine (69) 01/2012 to 2013 YTD. So, Park Forest is already a very weak housing market, now down $32,000 or 21.6% from Post Hurricane Katrina Highs in 2007. 2013 Partial Recovery? In 2013, 28 sales indicated a median sales price increase to $119,000 or $64.88/sf, certainly better numbers than ...
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